One of the critical thing about BSC liquidity pools, is that there are a whole lot of them out there. When they open, they all have exceptionally high yield, to lure the first farmers to get in. As the pools matures, the yield drops, and then it stabilizes. There is a lucrative trade here, as people jump from pool to pool in search of high yield.
Personally, I do not jump too much, I am a slower person. But in the last 2 months I have been to three liquidity pools. I started with Pancakeswap about 2 months back. I am glad I wrote that post, so that now I have record of that on this blockchain that I can refer to. Then about 26 days back CUB started and I got into that. My position on CUB is much higher than my position at Pancake, as I trust the team. Now I feel like CUB earnings have stabilized. Therefore, I am looking for a new pool. I will keep my position at CUB as a core position, as honestly the fee structure at CUB is still the best. But as of last night, I started to dip my toe into the COMOS pool.
If you are familar with various de-fi liquidity pools, this will look almost identical. I must warn you that fee structure is worse compared to CUB here. But at the same time, they are offering higher yield and have more products, like BUSD staking, which is valuable I think. There are many other similar pools on Binance Smart Chain, and they are all lucrative in their own ways. So choose your poison!
There is a good place to see the chart for this pool.
The usual TradingView affair, which many of us adore...
Price is currently hovering around $3, which I feel a good place to entry for something that is offering 2000% APR!
Here is the masterchef contract for COMOS
0xB02713560be2a7fb07B7B16Fd75F35d3632FC933 = COMOS Masterchef
And our usual LP stat checker.
This is the current return for every $1000 invested/day... week, and year. Mind you, I personally only look at the 1D number, as they change a lot. 30D is meaningless, and forget about a year. None of these projects will NOT survive a year!
With that said, currently that return looks lucrative. So I have put in some seed money and see what happens.
They have various pools, but only the BUSD pools interest me. That is where I have put my money in. I will see how they perform in near future and will evaluate in a few weeks. Generally my strategy is to continue to add to LP as long as the APR stays north of 1000%. After that if price remains stable, I tend not to add to the LP and slowly try to convert the earning into BUSD. Again, the 1000% is not a magic number, it can be 500%, just depends on how I am feeling about the project at that point.
Disclaimer: This is NOT professional advice, this is all just my own opinion and experience. I am NOT a Certified Financial Adviser. Consult professionals for any financial, accounting or legal related questions you have.
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