LogFAQs > #955190921

TheMikh posted...

there's also a reason why half the funds in these financial instruments are represented by assets pegged to the dollar

I mean, if you're gaining your interest in the form of USD-pegged tokens then that's cool. That way of doing it isn't too bad sometimes I guess.

Still though, you have to consider the asset that's generating that interest. If you're talking about farming in a pool that/s a 50/50 split USD/(shit token), the same thing applies - if it drops by like 70%, and you gained 10% interest in the form of USD-pegged tokens, then that's still a huge loss. There's almost no point to it. Just wait until the next bullrun (basically predictable, happens whenever king shitcoin gets halved) and buy whatever's hot instead. Less chance of losing that way imo

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He which make friends with scorpion, soon come to find out what a scorpion does - they bite people with its tail --ancient Chinese proverb