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Jorge Schnura
@schnura
Why are we still trying to optimise yields ourselves instead of relying on @maxapy which automates it for us and is able to generate way superior returns? Big mistery
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Dean Pierce 👨💻🌎🌍
@deanpierce.eth
Seems like a dangerous game. Higher APY means higher risk. Wonder how hard it would be to attract maxapy users to a shady protocol and rug it.
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Jorge Schnura
@schnura
Once it launches in a few weeks, it will optimally allocate and reallocate your funds in Yearn, Convex, Beefy and Sommelier pools/vaults, so the risk is the same as being there. Those pools/vaults are curated by the team to avoid the case you're pointing out
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Dean Pierce 👨💻🌎🌍
@deanpierce.eth
It doesn't exist yet? That might be another good reason that people aren't using it 😄 Human curation of this sort of thing is also pretty risky, as the curators are going to get a lot of pressure to activate higher risk protocols that are more likely to rug or get hacked. This can expose those humans to some massive legal liabilities.
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Jack
@jackten
It's definitely not the same as just putting your funds in yearn etc.. there's an entirely untested new contract risk layer bring introduced. The website doesn't even show any audits that I can see from first glance. Looks incredibly sketchy
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