#RobiniaSwap // Mistakes that can trigger unnecessary commission payments

in hive-110112 •  3 years ago 

Introduction

In the constant quest to achieve short-term gains, users make some mistakes when executing trades in decentralized applications such as #RobiniaSwap, which can trigger the payment of unnecessary commissions, and therefore economic losses when investing in liquidity Pools and inactive Yield Farming.

It should be mentioned that participating in liquidity pools and Yield Farming is not always as simple as it seems at first glance, as there are several risks that are not immediately visible, in this post, I will focus on the risk of paying unnecessary commissions to inject liquidity into inactive pools and farms.

Injecting liquidity into inactive pools or farms is a very common mistake among investors who use DeFi platforms. It is important to know the liquidity of the tokens or pair of tokens where we intend to invest, since the less liquidity the more risk we assume that this lack of liquidity will generate economic losses, therefore, investing in inactive pools or farms would not make any sense.

Investing in inactive pools or farms will obviously not provide us with income, so we must investigate which liquidity pools and Yield Farming are active, in addition we must also analyze which ones have the highest liquidity percentages.

Screenshot of: RobiniaSwap


In the case of #RobiniaSwap offers its investors an option on its web portal, which serves as a guide to know which Liquidity Pools and Yield Farming are active and which are not, so when we are looking for short-term gains it is best to look for tokens or pair of tokens with active pool and farms.

Screenshot of: RobiniaSwap


At the moment, in #RobiniaSwap at the Farms are inactive; BNB-BUSD LP, CAKE-BNB LP, CAKE-BUSD LP, BTCB-ETH LP and LINK-BNB LP.

OBSERVATION:

The cover image was designed by the author: @lupafilotaxia, incorporating image background: Source: Blokfield.Gitbook.io

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