~ The kicker is these protocols often will give you additional token rewards (denominated in their tokens) to incentivize participation,
I've lost count of how much I've harvested so far but it's been pretty beneficial to me. A lot of the money I've been using for paying bills and investing in other coins/token comes from here.
Now let’s take a look at some of the issues Liquidity miners face:
Rugpulls and unsafe platform operators:
Some platform operators are straight up thieves (much like hardware scammers). It is important to assess the risks involved with each platform.
Gotta add security as part of the issue. I got some money on platforms that were exploited from flash loan attacks.
totally on the same page.
I have made some crazy profits on some of these yield farms. Granted I lost money when I started because I did not know what I was doing
I consider alpaca finance one of the safest having so much locked in TVL and giving the opportunity to leverage farm with stablecoins