07-15-2021, 05:03 AM
Is Yield Farming worth it in 2021?
<!-- SC_OFF --><div class="md"><p>Are there any good Yield Farming opportunities left in 2021? I am looking into some newer projects because I have been hearing about copycats or clones of SafeMoon lately and don’t want to end up in their pump and dump schemes. </p> <p>I've seen articles that kinda say how unsustainable of liquidity mining is or saying that it’s like gambling. Tokens are always as volatile as crypto is but I’ve also seen articles about the growth of the DeFi and everything just seems cryptic.</p> <p>I'm still fairly new to liquidity mining and DeFi and have largely relied on PCS on the Binance Smart Chain. USDC/BUSD Farming on PCS is what I do. Maybe there's something better out there with a lower risk and a greater APY? </p> <p>Also, could someone give me advice on the risks and what to watch out for with pump and dump schemes as well? Like what are the risks I should be aware of? How do we avoid these risks, and what are the most profitable yield farming strategies?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/JolynnRountree"> /u/JolynnRountree </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/okag35/is_yield_farming_worth_it_in_2021/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/okag35/is_yield_farming_worth_it_in_2021/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Are there any good Yield Farming opportunities left in 2021? I am looking into some newer projects because I have been hearing about copycats or clones of SafeMoon lately and don’t want to end up in their pump and dump schemes. </p> <p>I've seen articles that kinda say how unsustainable of liquidity mining is or saying that it’s like gambling. Tokens are always as volatile as crypto is but I’ve also seen articles about the growth of the DeFi and everything just seems cryptic.</p> <p>I'm still fairly new to liquidity mining and DeFi and have largely relied on PCS on the Binance Smart Chain. USDC/BUSD Farming on PCS is what I do. Maybe there's something better out there with a lower risk and a greater APY? </p> <p>Also, could someone give me advice on the risks and what to watch out for with pump and dump schemes as well? Like what are the risks I should be aware of? How do we avoid these risks, and what are the most profitable yield farming strategies?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/JolynnRountree"> /u/JolynnRountree </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/okag35/is_yield_farming_worth_it_in_2021/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/okag35/is_yield_farming_worth_it_in_2021/">[comments]</a></span>Kind Regards R