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out of curiosity, has anyone used or is using syrup pools on pancake swap? I am doing my own research on how they exactly work. But Im curious to see if its worth to even put currency into these and just have them restake over time. Also is are syrup pools something you only do when you have large amounts of currency put it so the 5% yeild or however much it is is worth it? kinda like how MJ said in TMF that compound interest is only worth it only when you have alot of money and need to put it somewhere, where you can make every month off of it.
LPing carries lots of risks. Lookup and try to understand impermanent loss. There are simulators out there as well to help you forecast different scenarios and calculate impermanent loss risks.
If you understand it, and can intelligently measure your risk/reward then go ahead. If you don't understand impermanent loss or you feel iffy about the topic - stay very far away from LPing.
Some protocols, like Bancor for example, offer what's called single sided LPing with IL (impermanent loss) protection. It's a more advanced AMM (automated market maker) mechanism but it has a lot less risk involved in providing liquidity. Unfortunately, most Bancor pools are full and smartcontracts are constantly monitoring the pools to algorithmically add liquidity when pool space opens up.
*EDIT: this does not even include protocol or smart contract risks. There are several points of possible failure. Locking funds in a liquidity pool is no joke - it requires serious vetting imo.
Food for thought: read stories of failures/hacks on REKT news to gain some perspective. Saying all of this, not to scare you, but to make you take a hard look at the technicals in order to educate yourself and have a better understanding of the underlying risks.
Clicking around on web3 is easy - making winning/losing also very easy. The right click makes you rich, the wrong one can lead to serious damage to your wealth.
*EDIT: tagging @Kevin88660 because he is experienced in yield farming on BSC. He might be able to offer more hands on insight.
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