RE: Caution note on DeFi investment APRs

avatar of @cryptosimplify
Simplify Crypto
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1 min read

During last Summer I made good money on the crazy yield farming APRs because I understood how that works and I defined a strategy where risk/profit margin it was insane.

I never bought the yield farming token I was only staking other assets like BUSD/USDT/USDC/BTC and the only risk that I had was loosing 4% of my staked value (I only staked money after look to smart contract and check if it does not contain rug pull code).

Since normally I went in the minute 0 I was able to cash out the yield farm rewards in the early time when the token had a high price.

Using that strategy, I was able to get back my 4% in the first minutes/hours, and then it was only profit.

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