Post
Topic
Board Altcoin Discussion
Re: what are risks in adding liquidity on a defi platform?
by
xenon131
on 30/07/2021, 12:24:49 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?

It seems that no one has mentioned the price change as the risk in liquidity mining.   You will be profitable at only single condition - the price for tokens you has added to the pool is not changing otherwise you’ll almost always lose.