Nice work, Scott. Couldn’t have said it better. Seems like we’ve been on a similar journey all year. I’ve also lost a money trying to take advantage of these farms on BSC and have ultimately erased this type of farming from my overall strategy. The problem for me is that I find something new and slightly more promising like DinoSwap or Cobra Exchange and always end up paying the price.
Plus, let’s admit, degen farms are kind of addictive. There’s a dopamine hit you get from that initial deposit but then 90% of the time it starts to crash - you are no longer getting the APY advertised and then you are stuck trying to decide whether or not to cut your losses and wait it out. You lose either way. And then you try to find the next farm.
I am not/have never considered myself a gambler. Something needs to change here.