Yeah, yield farming isn't a great option if you're playing with anything less than 5 ETH because of the crazy fees on ETH of late. But having said that, once you've staked it, the APY is pretty good at the moment, so it should be quite profitable as long as the price of Sushi doesn't crash. The Sushi/ETH is the most risky pool but also most rewarding if the price of Sushi holds up. You can check out the stats for Sushi here.
YFV is another token I'm farming, but it works a bit differently to Sushi.
Some good DeFi resources:
wow, gee... I feel like an illiterate when browsing through these sites... 😅
thanks for those resources...
5 ETH!? that's really a lot!
By the way, I think I've successfully added liquidity to SUSHI-ETH pair, but it is weird to see such result..
After some reading and my guess, I assume this is what happened: I did add liquidity and got LP tokens, but since I staked LP tokens on Sushi right away, so my position became zero again.
Do you think this sounds about right!? 😅
Yes, if you received the LP token Uni-V2, then you don’t need to worry. Your balance will be deducted. If you’ve successfully staked on Sushi, then you should see some SUSHI you can Harvest here.
Don’t worry, this yield farming thing is a bit tricky at first, but once you grasp it, it’s easy and can be fun. Yield farming is relatively new, so most of us are quite new to this. I’ve only been doing this for a few weeks too. It’s very addictive though. :)