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REKT: I tried PancakeSwap's “Degen Mode” at 750x Leverage So You Don't Have To
**Disclaimer:** only invest what you can afford to lose.
So here's a mini review of PancakeSwap's new-ish “Degen Mode” available at 500x or 750x leverage:
https://preview.redd.it/w1arsu1vhssb1.png?width=2525&format=png&auto=webp&s=d9d7760049e38be822bd6c018fd0c90f9fb54431
50x Leverage?! Why not? ...good thing I only put in $20 USDT as a test.
You can choose your Take Profit with the predefined +50%, +100%, +200%, +300% or type in your own value, this can be changed clicking the pencil icon under the `TP/SL` column once your position is opened. But clicking that doesn't allow you to set a Stop Loss on the pop-up, so it seems like you have to click "Close" position manually.
The UI seems a bit slow since it needs to embed TradingView and there are some bugs that didn't render the JSON text properly in the info pop-up:
https://preview.redd.it/9kw4ja01issb1.png?width=2525&format=png&auto=webp&s=c994f7bc020716e37914919552c170ded059619c
And what do you know! I got liquidated and lost 20.52 USDT, lol:
REKT! https://preview.redd.it/g87ek4nbissb1.png?width=2525&format=png&auto=webp&s=f986d345af7a376de22890085277f0d3971033f0
So yeah, this thing is really dangerous and you could lose a LOT of money if you don't know what you're doing. Stay away!
#cryptocurrency
7
**Disclaimer:** only invest what you can afford to lose.
So here's a mini review of PancakeSwap's new-ish “Degen Mode” available at 500x or 750x leverage:
https://preview.redd.it/w1arsu1vhssb1.png?width=2525&format=png&auto=webp&s=d9d7760049e38be822bd6c018fd0c90f9fb54431
50x Leverage?! Why not? ...good thing I only put in $20 USDT as a test.
You can choose your Take Profit with the predefined +50%, +100%, +200%, +300% or type in your own value, this can be changed clicking the pencil icon under the `TP/SL` column once your position is opened. But clicking that doesn't allow you to set a Stop Loss on the pop-up, so it seems like you have to click "Close" position manually.
The UI seems a bit slow since it needs to embed TradingView and there are some bugs that didn't render the JSON text properly in the info pop-up:
https://preview.redd.it/9kw4ja01issb1.png?width=2525&format=png&auto=webp&s=c994f7bc020716e37914919552c170ded059619c
And what do you know! I got liquidated and lost 20.52 USDT, lol:
REKT! https://preview.redd.it/g87ek4nbissb1.png?width=2525&format=png&auto=webp&s=f986d345af7a376de22890085277f0d3971033f0
So yeah, this thing is really dangerous and you could lose a LOT of money if you don't know what you're doing. Stay away!
#cryptocurrency
7
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