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I APED into an unknown territory, check out my thoughts...

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@mistakili
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Mahnnnn you guys that farm from one DeFi platform to the other without having any sort of connections to the project or the devs running the project have got some balls.

I Aped into farming on Pantherswap two nights ago and believe me you, I havenā€™t slept with my two eyes closed, Iā€™m not used to this type of risk, not that complaining, if thereā€™s a 1% chance that something will work, then Iā€™ll take it, you know how reckless I can be when taking risks, but this.....this.....

People underestimate the peace that comes with putting your funds somewhere and knowing it is safe, playing DeFi on Cubdefi and Thorchain has been seamless, Iā€™ve had no fears of rugpulls or other exploits,......

.....oh did I mention that the Pantherswap codeā€™s audit is marked in progress by Certik on their site, does it mean the system is vulnerable? Well, maybe, more than most that are audited, but paranoia aside, thereā€™s some interesting profit to be made on the platform, have you seen the TVL? Ishhh....

It makes me remember the early days of farming on Cubdefi with explosive APYs, everyone was yapping about it, like, why wouldnā€™t they, at least on Cubdefi we can sleep with our eyes closed. I know that APEing into Pantherswap is me pushing my luck, but risks are for taking arenā€™t they?

Iā€™m pooling my Bnb as I saw that it offered really interesting APY, about 490% at the time.

So I was thinking, if DeFi just means that people farm tokens and go, how will the token sustain its value? Demand has to be more than supply, hence sinks, healthy burns, why should a farmer hold a platforms token after making bank from it? Fundamentals, utility, community and excellent tokenomics.....perhaps?

While most platforms are still experimental, some will eventually figure it out, those with unrelenting committed devs and stronk community, and some wonā€™t, Iā€™m keeping a close eye on the DeFi sphere, not just to catch the platform that pops but to also see who will remain at the end of the day.

What has been your scariest investment? Do you have any experience you can share about a risk you took that worked out?

Thanks for reading....

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