Watching Hive rise last night was a sweet feeling for me. I was hoping for $1 and set a bunch of limit orders but it didn't go as planned. However, in the process, I cooked up an idea that's going to bring even more value to my farming activities and invariably, Cubfinance.
So I've been playing with liquidity pools and tinkering about how I'll maximise earnings from there. This led to an idea that I might employ to carry some of my loved ones along. It is as I always say, what's the point in getting rich if you can't take others with you.
For now, its a small pool of slightly over $6k that was pieced together by me, my dad, and two of my friends. I don't want to jinx the idea by giving out too much information but all I can say is that if there's no cataclysmic event in the coming months, I'll be going public with this idea but to only a limited number of people.
For what it's worth, this isn't complicated for anyone who has used liquidity pools but it will favour people who don't have the time, energy or minor technical knowledge required to use the platforms.
Investigating APRs
My recent hobby has been going through various liquidity farms to curate the best available rates. However, I've also been investigating the solidity of the project to make sure the rug's not pulled from under me.
The popular destinations have been Ethereum and Binance chain pools because they're the easiest to access. However, if my operations are successful, I'll be testing out financial products in other platforms to find out how I can squeeze out value from places like Thorchain and anything that's not a scam out there.
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It is always interesting with investments, and it is awesome when you make money. Just be careful with liquidity pools and so, because if the market should turn bearish, it is easy to end up with lots of tokens not worth a lot! :)
But, based on all your earlier writings, I guess you already know that, so I don't think I should worry too much!
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@tipu curate
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Upvoted 👌 (Mana: 4/6) Get profit votes with @tipU :)
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I think it is a good initiative and good motivation. Excellent
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I'll share more about it when it gets closer to launch but won't be until next year
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