🔥 My experience with Layered farming
Hello!
Today I decided to pull the trigger and try Layered Farming from Goose Finance.
Goose Finance is similar to what Cub Finance is, in the future we'll have a lot of functionality that will make the CUB project 10 times better than Goose.
They implemented a new functionality a month ago called Layered Farming. I will not give you a lot of details about what Layered Farming is, you can check their website for a comprehensive explanation.
A lot of people has been complaining a lot about it, and I decided to participate in Layer 5 with the safest strategy possible.
The safest strategy to participate
From my point of view the safest strategy possible is to participate using a stablecoin. You will pay a 2% fee and you will instantly start farming the layered token, in this case GG5.
So deposited a spare amount there to check the whole process.
I deposited 3,255$, and after the fees it was 3,190$. I would need to generate 65$ to make the fees back and hopefully earn some money.
From whay I am seeing I think I will be able to make the fee's money back but I don't expect to earn much as the price of GG5 will be dropping fast each day. For your reference GG4 (layered token 4) after 6 days it's at 1$, so expect a huge dump in the comming days.
I would not recommend you to invest anything here. Better invest in CUB farms, believe me.
Enjoy! 😊
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Posted Using LeoFinance Beta
Well at least you got the good strategy as you just put BUSD and therefore your only risk is a hack of the platform.
Tell us how much you make in a few days. 😉
https://twitter.com/ResilienciaHODL/status/1377694617945133056
Gracias por el aviso colega. Hay que aprovechar que CUB viene subiendo como espuma.
Posted Using LeoFinance Beta
Blimey. You're brave! 😂
Can't wait to hear the outcome. Good luck with it!
Posted Using LeoFinance Beta
Yeah let's know how much youve made in a few days. So they don't have a way to make the GG's sustainable? That'll be weird
Posted Using LeoFinance Beta
@resiliencia
I invested in it also but the price is dropped from 30$ to 7$
what is going on ?
Posted Using LeoFinance Beta
Good stuff I'm trying to learn as much as possible again about Kingdoms and layered farming for CUB once they go active I want to be ahead on it as much as possible.