This is post for @hattyhats earning round. #ewh1 My…

darox

@darox2y agopublic

$0 earned

9 reactions

#ewh1

This is post for

@hattyhats

earning round.

#ewh1
My favorite method of earning is to provide liquidity on DEX. Almost four years ago, I provided liquidity to a project that ultimately turned out to be a scam. I earned more than I did at work. It was great to come home from work and see that the pool was earning more than I was working. Although it didn't last long it changed my way of thinking. I realized the possibilities that decentralized finance offers. I managed to leave the project before it collapsed and learned that you have to be careful in choosing projects.

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	earnings
	149,000 mlx total
	$0  total

	engagement
	18 views
	9 reactions

3 comments

@hattyhats

$0 earned2y ago

Thanks for participating

@darox

! I like providing liquidity as well but it is a risky business. Impermanent loss is one of the major risks of providing liquidity - This is a risk that can occur when an investor provides liquidity to an automated market maker (AMM) platform. It happens when the price of tokens in a pool diverges from the prices on the broader market. This can result in a liquidity provider having less value than if they had held onto the tokens outside the pool. I am not a pro in any way but this scares me a little. It makes it so it is hard for me to provide a large amount. I am to afraid to lose everything I have built which is already nowhere near where I want it to be.

@hattyhats

$0 earned2y ago

Good luck on the wheel spin this coming Wed!

1

@scarletdoll

$0 earned2y ago

Yeah, some projects do not last longer.