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What's up with my RobiniaSwap investment after 8 of 30 days?

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@unbiasedwriter
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Maybe you have heard about the new platform called RobiniaSwap? It is running on Binance Smart Chain and it is rewarding RBS (RobiniaSwap token) holders, and also Steem holders, and those who enter all sorts of pools in which RBS is paired with other tokens like BUSD and BNB. They also have other pools, and in the first days, it was running with some crazy APYs on all investments.

Out of pure interest, I decided to jump in and invest $1000 in the platform, that is, I added $500 worth of BNB and $500 worth of RBS tokens to the liquidity pool on PancakeSwap, and then added my LP tokens to the farm on RobiniaSwap. Have I been in luck so far?

After 8 days, what is happening?

The first couple of days, I received more than 50 RBS tokens. That was just amazing, but at the same time, one could see that the RBS price was dropping daily, and it still is. So far, I have made more than 150 RBS tokens (but it is decreasing more and more), but considering that I bought the RBS tokens at a price of $1.5 per token, and the current price is approximately $0.35 per token, I am still in a bit of a minus. It might be, if I would remove my tokens from the liquidity pool right now, I would get out somewhere near 0, but I am not convinced. After all, if you have ever heard about impermanent loss, then you know that I would receive way less BNB in return as I withdraw my funds from the pool, and I would receive way more RBS tokens. And considering that the RBS tokens are worth way less than they originally were, I guess I would be at a loss, even though I have received lots of RBS tokens as a reward.

But, I am still only eight days into the part of my experiment, and there has got to be a limit to how much the token price can dump (at least so I hope). If it would stop, and maybe even increase in price from here, then I guess I would be in a plus at least after thirty days.

I don't really know, but I have no regrets, and I am curious to see how this will evolve in the coming weeks. At November 5th, I will return with my final update on the experiment.

If you want to learn more about RobiniaSwap, visit https://www.robiniaswap.com/ or take a look at the following article: https://www.ipaddressguide.org/what-is-robiniaswap-is-it-worth-using/