Gwynne Michele pfp
Gwynne Michele
@thecurioushermit
Never risk more than you can afford to lose. But the returns on this are better than your average savings account. To do it, you have to deposit and lock equal amounts of Moxie and WETH (or whatever other crypto combo you're providing liquidity for), and then you earn returns in AERO, another crypto coin that you can hold or sell as you please for profit. Once you figure out the flow of setting it up, it's not hard at all, and again, WAY better returns than a savings account.
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simon pfp
simon
@sa
As long as the losses from the price of Moxie don't keep dropping faster than your yield from providing liquidity. I've been burned by this many times. I see a great APR and ape in and end up with major loses. Also, when rewards are in AERO, than you have to factor in that price.
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PUQaQmg pfp
PUQaQmg
@xxkvapx
If you're using Moxie you're earning rather than Moxie you're buying to do the LPs, you're not actually losing anything. It was free money to begin with at that point, and it will eventually go back up as more development focused on using it happens.
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