My Actifit Report Card: September 5 2020

over 3 years ago

I’ve been pretty adamant about avoiding the yield farming trend going around in crypto because it’s pretty scammy and second of all the gas fees make it near impossible to mess around with these things without putting in som e serious Capital

Pearl Finance

Then I came across the chain everyone loves to hate and the biggest copy cat around, TRON has launched yield farming in the form of Pearl.finance it’s basically a Sushi.Swap clone but since TRON is only like $0.03 their gas fees is like basically zero

So I dumped in $50 and so far I’ve farmed around $1! In less than a day, so not bad, even though the price of the farmed token is plummeting with the rest of the market

If all stays the same I could pull out my principle in about 2 weeks so hopefully this smart contract doesn’t implode just then

Enter at own risk

I don’t recommend doing yield farming but if you want to try it out without the gas fees creaming you then TRONs pearl finance is a great way to go! If I can score a few bucks from Justin I can’t see that as a bad thing

It will help you get into the way these things work at a low cost of you are interested in getting involved!

I do think this is all pretty lame and just a cash grab but I couldn’t say that without messing about with it first hand! It will probably implode on itself like we saw with YAM 🍠 but hey that’s crypto

Has anyone started yield farming? Which platforms are you using?

Have your say

What do you good people of HIVE think?

So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."

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Browse & Earn Crypto	Stack Sats For Free	Earn Interest On Crypto

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10598

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hive-193552 actifit Palnet neoxian leofinance yield-farming sportstalk

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11 comments

@dalz 79

over 3 years ago (Edited)

Interesting :)
Isnt there some of these platforms build on eos?

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@chekohler 76

over 3 years ago

So far nothing like for like on EOS but there’s this one vigor - https://medium.com/@3396482771dan/defi-yield-farming-on-vigor-protocol-7aa508b8af99

I do expect EOS and COSMOS to join in next cosmos already has ERC-20 minting so you can take any ETH token and remint it in COSMOS, just waiting to see what their platforms are going to look like!

Could be a great way to get cosmos users into HIVE since we can remint wHIVE and wLEO into cosmos

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@dalz 79

over 3 years ago

Thanks!

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@attajuttjj 53

over 3 years ago

i will try it

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@chekohler 76

over 3 years ago

The liquidity is starting to drain from the pool so be careful, this is just me messing around with it

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@poomps 52

over 3 years ago (Edited)

so basically its all a gamble... but a calculated gamble...? or is it a small reward farm?

i am really interested in passive income... and this sounds like what im looking for

essentially 10 streams each pulling in $0.5 - $1... will be my goal...

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@chekohler 76

over 3 years ago

It's a major gamble, it's all about getting in first so you mine the tokens as early as possible to sell to the next person that wants in to farm, pretty ponzi like if you ask me

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@actifit 75

over 3 years ago

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