Anyone planning to trade/speculate the Ethereum Merge event?
- Thread starter johnarb
- Start date
I closed my yield farm, removed all my ETHW investments but keeping all the rewards powswap $pow coins
NFA
*** Post is for entertainment purposes only ***
yield farms started this morning. the APR's can be compounded for even higher APY's
I btfd and compound rewards at least once a day
NFA
I'm invested in LFGSwap LP farms, they are like dividend stocks, I'm getting 485% APR but since I compound daily, the APY's are ridiculous
These rates won't last and have come down as more yield farmers join in
LFG, the underlying asset has been going up in value and hit ath earlier today so bonus
LFGSwap project
Article about LFG Finance being a possible scam
https://rugdoc.io/
I've unstaked for now, have removed all my Ethw, but keeping my LFG coins
If I'm awake while a rug event happens, I should be able to dump my LFG tokens for not a huge loss (fingers crossed)
Just to clarify, I'm still hodling all my LFG coins
My capital investment has more than doubled in less than 5 days and price of LFG is near ath
I've just stopped yield farming so no rewards until I get more clarity on the situation
NFA
For disclosure, I have cashed out of LFG except profits. I really hate this move, but I don't want to go to sleep without any visibility on whether the project will exit scam by the time I wake up
I'll buy back in even with higher prices once I know it's safe
NFA
Have cashed out of all LFG holdings the day after, the response from the dev team was not sufficient for me. They will implement a timelock soon which is a good thing
LFG has been trending down for a few days but still much higher than my cost-basis when I first bought it so not enough for me to buy back in and I'd prefer it's after the timelock
*** NFA - post is for entertainment purposes only ***
Got into UniWSwap yield farming yesterday. It's a competitor to LFGSwap. I'll compound and btd
Smart contract has a 12H timelock
https://farm.uniwswap.com/
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Got into UniWSwap yield farming yesterday. It's a competitor to LFGSwap. I'll compound and btd
Smart contract has a 12H timelock
https://farm.uniwswap.com/
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In regard to TD, I currently hold 900 shares. And always have a short-put for another round-lot that if it ever gets filled, I'll have an exact set of 1K shares, haha.
If both fiat & crypto collapse, then I'm fucked as I hold no GLD. On the other hand, I'm hedged between crypto & banks so I can still sleep well (most nights)
In the meantime, if ETH refuses to drop below 3-digits, then I refuse to load up (aside from a tiny amount time to time). For now, I'm still sticking to the same plan I mentioned over 2 months ago. Get the REITs while the fire-sale continues to get more gasoline poured on them. The UK seems hell-bent on ensuring this happens...
Fun-fact: This weekend will push us half-way through october, so ~90% of Canadian REITs pay out massive dividends this weekend. Expect a small rally on them by Monday morning around market open as investors line up to have their dividends re-invested into those same securities.
If both fiat & crypto collapse, then I'm fucked as I hold no GLD. On the other hand, I'm hedged between crypto & banks so I can still sleep well (most nights)
In the meantime, if ETH refuses to drop below 3-digits, then I refuse to load up (aside from a tiny amount time to time). For now, I'm still sticking to the same plan I mentioned over 2 months ago. Get the REITs while the fire-sale continues to get more gasoline poured on them. The UK seems hell-bent on ensuring this happens...
Fun-fact: This weekend will push us half-way through october, so ~90% of Canadian REITs pay out massive dividends this weekend. Expect a small rally on them by Monday morning around market open as investors line up to have their dividends re-invested into those same securities.