Just bought a $25 lottery ticket :)

This whole Luna/UST fiasco has been interesting and kinda fun to follow. I had Luna last year for like a month on Harmony chain, which is where I was first introduced to it.

I've been avoiding ape-ing into the heavily diluted UST/LUNA tokens this past couple weeks because I didn't have any money.

Well, that changes today!

I put $25.64 into the Beefy Finance UST/FRAX/fUSDT/USDC vault which currently is giving an insane 1000% APR which roughly translates to about 2.8% daily.

I like Beefy and Curve partner vaults a lot so I thought, why not, let's roll the dice because the hard fork of Luna is happening this Friday after the Snapshot, so I figured price action would be highly volatile.

These two pics here show the process (on Fantom chain) that you have to go through to get your deposit added into the Beefy vault.

First, head over to the curve site, Factory 84 4Pool, and plunk your favorite "stables" into the contract. I'd advise putting USDC or fUSDT when you put FRAX or UST in to reduce your probably high slippage.

Once you've deposited your currencies into Curve, head over to Beefy Finance's vaults. Beefy 4Pool.

Keep an eye on important info Beefy gives about its hosted vaults. One reason why I love Beefy is because it gives you a pretty fair estimation of how risky a pool or vault is and it's very upfront about the trading, withdrawal, deposit and performance fees that many of its vaults have. What I like about this 4pool vault is the lack of Deposit and Withdraw fees. A 4.5% performance fee sucks, but that's why I just kept my lottery ticket limited to $25 bucks.

Just remember: This post and all of my posts aren't financial advice! I'm probably going to lose all my money and be eating canned dog food soon.

Just in case you are interested in this gamble, check out Beefy's own cautions about their pool.

Stay safe and free!

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