A quick log so I can get back to my morning routine (That 30mins exercise is not going to do itself.). Plus I have got some rice in the cooker. We'll be making something out of it later on.
So so, I don't consider myself a defi farm head but I don't like 'money' sitting in my wallet doing nothing. If I can't stake it then I want to lend it or something. Of course I require some value for the effort. So yeah farming is risky but I have some rules I try( emphasis on try) to follow. That is first only using tokens I want to keep.
Since the beginning of this year I have had ETH, BTC and BNB on Belt value on the bsc. From there I moved to depositing same on Autofarm. Of course you will see I have already broken the cardinal rule exchanging ETH for Belt ETH. Can't keep you cake and eat it. Belly exposure.
Moved from Autofarm to Planet Finance three weeks ago. There's a deposit fee and withdrawal fee as well as service fee on profit. I think those vary across the pools and Planets. Red planet is what I use. I know the Blue planet houses stable coin pools. There's a yellow and then there's a new one yet to be launched which would be for lending.
So far, all the fees covered, I have gotten a far enough profit and that's excluding the AQUA(native platform token) rewards. They have an airdrop coming up which I would not be eligible for and another token is going to be launched with the lending planet. There's probably a very good tokenomics underplay but right now I am not buying in and would be out of Planet Finance soon.
That's not to say it's not a good project. Its a classic 'it's not you, it's me' situation. And now it is time to fry my rice.