Degen

$122 LP fees and 143k $DEGEN rewards in two days on the new @beefy pool. I like where this is going 🎩

THE Yield Optimizer. anon cyber punks making defi boring. 

gm. Fulltime degen, building fun stuff onchain. 
Master of Disaster Frogworks, /ottodao bullfrog, ex @astaria

Web3 marketer. Head of lots of stillborn, but cool projects. Blockchain for direct democracies. Hat stays on. Host of /shift

Thanks mate. So What’s the risk-benefit if I put, let’s say 1M degen and the equivalent in ETH on beefy?

nothing you can do about it unfortunately. You can offset some by micro managing your position or using an ALM like beefy but long term you will always have some IL that can only be offset with large volume which generates fees or reward programs like degens

I’m always scared of impermanent loss with LPs. How do you manage that?

1. Go to https://app.beefy.com/vault/uniswap-cow-weth-degen-rp 
2. Deposit any token
3. Let the yield trickle in ;)
4. NFA / DYOR / Beware of impermanent loss lol

Founder @poster 
/ Glitch Artist (Sotheby's April 23)/ Founder /degenladies /poster /cc0

Art lover, crypto enthusiast and gamer. Learning never ends.

250% right now but going down as more liquidity is migrated to beefy

exploring new frontiers in tech, ai, crypto, farcaster DAU since 2023, product background

is it L3?

may not be worth looking in for me as my degen reserves emptied 🙉

I’m getting between 1-2k% APY on aerodrome clanker/eth in the most narrow pool

need to micro manage but price been pretty stable

250% right now but going down as more liquidity is migrated to beefy https://app.beefy.com/vault/uniswap-cow-weth-degen-rp