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A beginner in defi

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@hetty-rowan
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Beginners in Farming make mistakes ... Live and Learn!

Put it back!

To decide the next morning… “I have to be here”. So in a hurry, again I put everything I had in the pool again. To repeat the same thing in the evening, panicking and pull out everything. How stupid I was! I went to bed, and in the middle of the night I woke up, tossed and turned in my bed ... my partner was awake too and we decided that I had to go back in again! So in the middle of the night I turned on my pc, arranged everything again and got back to sleep. This time I would keep on farming no matter what! Until the next morning, where I suddenly decided, this pool doesn't feel right… I have to go to the other pool! Swapped my BNB to BUSD and added the liquidity. Everything used in the Cub / BUSD pool. And after all these swaps and indecision, this defi beginner was finally really ready.

I had become a farmer!

The reason for all this panicking was that I know I have a bill coming up in a short time from now. For many of you it is a small amount, but to me it's huge. And I didn't even have all of that yet, I was working my way towards getting that with this "Magic Internet Money". Yes, I panicked because I saw the cub price falling and worried a lot about my spare money. But then I decided that no matter what, I had to try and give it a chance and time! If needed I can make it in other ways to pay that damned bill ... So, to know that took away my worries and panic. It gave me the peace of mind I needed.

For the long term

After all this hustles, I'm in for the long term! And my small investment did not fare badly. Actually, I can say ... pretty good! However, I don't have to tell or explain the profits to you all. There have been enough posts about that. And that was not the intention of this post at all… but my partner, on the other hand, could use some explanation.

Alien Language

Coincidentally, he was looking at my screen yesterday and he thought I was playing a game… but I was harvesting my cubs and seeing if I would put them in the den, or if I would add liquidity. He asked me what I was doing, and when I told him he first looked at me as if I was talking to him in an alien language ...

Limiting Risks?

Oh god, when I saw his questioning look I knew that with my limited defi knowledge I had to find something to explain it to him in an understandable language. Well, as far as I understood it myself at the time… Long story short, in the end it was clear to him what I was doing, and he asked me if this was also possible with limited risk. And I had to think about this for a moment, until I suddenly remembered reading a blog by @edicted in which he emphasized just how great the USDT / BUSD pool was. And with a smile I told my partner that it was certainly possible to participate with a very limited risk for an investment. Admittedly, this would make the yields a lot less… but with a very limited risk he could still have a taste of the crypto, and that was enough for him to want to try it.

We're farming together now

So since yesterday there is an extra investment active on my wallet, and the yields are really a lot lower than in another pool. But my partner totally agrees with @silverstackeruk and @taskmaster4450le in the sense of “Slow and Steady wins the race”. And I admit, it doesn't go fast, but he's farming! Add to that the fact that the risk is very limited, and then we are actually talking about pure profit. Farming just 1 cub is enough to cover the fees, and because you put two stable coins against each other, that risk is nil. How amazing is that?

The first harvest

We are now 24 hours after his investment and he has asked me several times if we have earned anything. And yes, even with a small investment, cubs have already been harvested and placed in the CUB / BUSD pool, because as much as it is fun to limit your risk, it is also nice to accelerate your yields. .

Doing it together now

And after more than 3 years of doing everything alone in crypto, it is now very nice to see his interest, to be able to talk about it together, and to see that it is growing.

As said, it is not going that fast ... but we will get there slowly! We drink an extra cup of coffee together because we have already earned it today… by doing nothing!

That's the beauty of farming… Instead of having to work for your money, your money now works for you. And believe me, this strategy tastes like a lot more… so, ...

We will try to work towards that together!

Happy Farming!

Posted Using LeoFinance Beta