Mainly doing bad in the BNB-LTC Liquidity Pool. I have a net loss of a few BNBs when it comes down to it at this given time.
Overall my biggest win over on the Binance Smart Chain has been just purchasing CAKE and staking CAKE.
I bought in at $3.20 so I got a good buy in price.
Nay! I don’t have that much to invest! LoL
Later on, May be!
I'm on BTCB-WBNB, WBNB-AUTO, and CAKE-WBNB pools, all of them deposited on Autofarm. I would like to add WBNB-BUSD, WBNB-DOT, and WBNB-ETH, also in Autofarm.
If you deposit your LP tokens in Autofarm you will earn more LP tokens, and what I think is awesome, is auto compounding. This can compensate for the impermanent loss.
I think WBNB-LTC pool is not implemented on Autofarm yet.
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Yeah I wish Auto would add the WBNB-LTC pool. I also wish they had single pools for BNB and LTC. I'm doing the single pools in Venus but I almost feel like Venus isn't worth it unless you are taking loans out and right now VAI is trading pretty far under a dollar which isn't an issue as long as it doesn't go back up by the time you try to cover the loan.
Those impermanent losses are a real dick punch lol. Im in the USDT BNB pool but that's about it
Yeah, after this I might mainly focus on Single coin returns or do liquidity pools with two stable coins.
I'm staking in the SPARTA-BNB pool on Spartan Protocol on Binance Smart Chain, only been in it about a week or so. I feel like they have some potential and I like how they launched, but we'll see what happens.
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I haven't heard of Sparta yet. I did EGG-BUSD for awhile and then sBDO-BNB but I jumped out of those pretty quick.
I mostly go through AutoFarm but this LTC pairing wasn't showing up there.
WOW, thanks for the warning!!
Maybe they should call it Pancakes Flop! lol jk This happened to me staking ETH on UNI, it all goes with the territory of letting them trade against u!
Once BNB went parabolic compared to LTC I was screwed and I have stuck in there longer to see If things will change. The gap closed up at one point but now it has widened again.
I'm ahead enough on CAKE that it will be ok but in the future I might only get into pools that are stable coin pairings.