Post
Topic
Board Altcoin Discussion
Re: what are risks in adding liquidity on a defi platform?
by
Johnyz
on 30/07/2021, 06:04:05 UTC

I'm about to try Defi platform now but i have no idea about it. All I really just see is that its going to give me more than 10% of APY. This is good enough for me but I just want to be aware of the risk if anything could happen. Any given situation, is this not going to be good?
10% APY is just a small percentage of your money so I don't think it's worth it. With regards to risk, as long as you are dealing with cryptocurrency there's always a risk especially you are talking a bout DeFi. Liquidity are more risky because of volatility, choose a good investment instead with the great coins.