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RE: The Risks of Liquidity Pools....

in LeoFinance4 years ago

Man you've learnt some tough lessons in crypto right there and I must say, they fucking suck. At least you can share the story for all of us to learn from.

I'm particularly interested in the UST/RUNE farming operation. Is it still going on? Do you still hold the LP tokens or have you cut your losses?

Posted using LeoFinance Mobile

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Thorswap still operating and plenty of pools to partake. Note all pools have 50% rune in them so no way to avoid if a draw down in rune does occur. What I didn’t know was since rune price drops so will the yield rewards. Major reason I put close to $3k in it was the initial yield was 40% apr. since then rune price drop and yields are 17%.

That's kind of like the situation on Cubfinance

Posted using LeoFinance Mobile

Good correlation. The big thing with thorchain is that it’s a dex for multiple chains so if one was to swap between tokens not rune they are dealing native assets.