|
AppStore icon
Android icon
Download App
{ "media_type": "text", "post_content": "What are the actual risks of yield farming? I am seeing some crazy APY in some of the pools I am in\n", "post_id": "615a35de9ab3c40023779b74", "reply_count": 12, "vote_count": 1, "bowl_id": "58f9471ab298570010451a0a", "bowl_name": "Everything crypto", "feed_type": "bowl" }
You are currently posting as works at Consulting Analyst

What are the actual risks of yield farming? I am seeing some crazy APY in some of the pools I am in

like
Posting as :
works at
You are currently posting as works at
You are currently posting as Google 1

Impermanent loss ^ please Google that

like
You are currently posting as Citi 1

This is exactly what happened to me when I first started farming. Good lesson learned.

like
You are currently posting as Managing Director 1Badge Image

Pro

This is a frequent tactic by micro-cap coins trying to build liquidity or rug you. Seeing a yield over 1000% APY is a massive red flag. There are legitimate tokens that have APYs in the hundreds that have other deflationary measures to counterbalance this crazy level of yield. The reply about impermanent loss is correct, as is the one about the token going to 0.

like
You are currently posting as PwC 1

Coin goes to 0

You are currently posting as Associate 1

Following.

You are currently posting as McKinsey & Company 1

What protocol are you in? Hacks, bugs, high gas fees and IL are risks to your staked assets. Hopefully yield is payed out in your native assets and not just liquidity mining the new protocol coins, then your yield will be rugged when apy drops

You are currently posting as Consulting Analyst

I’ve been farming on the Fantom network. Can you suffer impermanent loss if one of the coins dramatically rises too?

You are currently posting as Senior Project Manager 1

As long as the relative value of the tokens in your pair changes, you'll experience impermanent loss. So, yes

You are currently posting as Engagement Manager 1

Is there anyway to get around high gas fees?

You are currently posting as Consulting Analyst

I bridge to the protocol that I’m using

Additional Posts

You are currently posting as works at iTechArt

test post from test

like
You are currently posting as works at Merkle

How great would office emojis be in this app?

like
You are currently posting as works at Merkle

Beyond 2 lines the text in each post card is cut off. I wonder how many lines in the comment section?

like
You are currently posting as works at iTechArt

Where is a new build???

like
You are currently posting as works at iTechArt Group

Post for likes

like
You are currently posting as works at iTechArt Group

Post to test

like
You are currently posting as works at iTechArt

Post for push testing

like
You are currently posting as works at iTechArt

new test post

like
You are currently posting as works at EY

Can't decide if it's best to move to a less stressful job or not. Some days I love it, and am up for early promotion, other days I'm inconsolably sad and can't think of anything but applying elsewhere

like
You are currently posting as works at Monitor Deloitte (ex Monitor Group)

Layoffs at Deloitte in S&O this week. Everyone survive?

like
You are currently posting as works at Accenture

I’m Asian, grew up poor, was running the cashier for my parents takeout biz starting 6th grade. I learned the hard way not to put my race down on my college applications. I was lucky enough to score Accenture consulting out of my non-target. Now I’m listening to my coworker friends (Hispanic and Black) who grew up rich in NJ and CT, refer each other to diversity programs that help with MBA admissions and provide scholarships, talking to each other about the money they get to save from it.

likesmartfunnyupliftinghelpful
You are currently posting as works at Deloitte

Okay, how many MQMs this year? Ready... Go! #StatusWhore

like
You are currently posting as works at Oliver Wyman

OW ppl (🐠): a lot of ppl on here from other firms talk about layoffs a lot. Is this something that happens at OW? I've never heard of it, but I'm only a first year.

like
You are currently posting as works at Senior Consultant

Been approached for a management consulting role in procurement/supply chain. The role seems very interesting, however can anybody shed some light on what it’s like working in that kind of role (specifically for M&A services)? I’ve been advised exit opportunities would be to stay in procurement or go into Commercial Finance? Thanks!

like
You are currently posting as works at Accenture

ACN folks! When is a person eligible to take a leave of absence?

like
You are currently posting as works at Strategy&, part of the PwC network

Any S& cohort salaries and bonus info yet?

like
You are currently posting as works at PwC

Cute girl on LGA-DFW flight. Talk to me

like
You are currently posting as works at PwC

Oscar blunder is the reason partners need to take the blind spots/diversity training 😂

like
You are currently posting as works at Accenture

🎤 It's like you're first class / on a Southwest plane. And you realize / all the seats are the same. It's a funny tweet / that nobody favs. And who would've thought? It figures! 🎤

like
You are currently posting as works at PwC

Anyone in Tampa area? Current living situation not ideal and need somewhere to isolate while working remote

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Trending Topics
Advisory Consultant Interview discussions
Chevron icon
Producer Salary discussions
Chevron icon
Tax Staff Layoffs discussions
Chevron icon
Teachers Interview discussions
Chevron icon
Certifications - PMP discussions
Chevron icon
Airports: PHX discussions
Chevron icon
Tax Staff Salary discussions
Chevron icon
Audit Associate Salary discussions
Chevron icon
WFH discussions
Chevron icon
Software Engineer Benefits discussions
Chevron icon
INSIGHTSABOUT USCOMMUNITY GUIDELINESFAQStudentsPRESSDIRECTORYTERMS OF USEPRIVACY POLICY
Download Fishbowl to see what others are saying

Send download link to your phone

That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

AppStore icon
App Store
Android icon
Google Play

General

Legal