Good morning! ☕ As a "part-timer," I don't always have time or content to contribute, but this morning I am "dropping by" to share an important experience (to me), which may be of benefit to others in our LeoFinance community.
As is the case with some of you, I have chosen to invest in PantherSwap. In turn, I elected a few days ago, to invest a small amount of my Panther LP in their "partnership" with AutoShark. At first, it seemed like it was going okay. I was impressed with what it seemed to be doing, from an investment point of view ...
Well ... Like so many different "DeFi ventures," AutoShark got "economically exploited" in a "flash loan" attack. The value of their SHARK token dropped from ~ $1.00 to nearly worthless almost instantly ...
I am happy to report:
- PantherSwap stood behind AutoShark by offering to "help as much as possible."
- I was able to recover both my PANTHER-BUSD LP investment into AutoShark, as well as earn the promised "profit," i.e. some additional PANTHER-BUSD LP. [Note: I did lose all of the SHARK "profit," but all things considered, it could have been a lot worse.]
- While AutoShark's warning msg. said the associated fees (to withdraw) could be as much as $4.00 ... 😲 ..., they were only $0.27 (this is, a typical BSC fee ...).
All this to say I am finding PantherSwap to be the "real deal," as far as a potential place to invest. Their integrity and the security we all want to feel is there with any investment has been pretty solid (all though nothing is risk-free).
Thought you might want to know. Have a great day!🦁🚀
P.S. Not financial advice. Just the benefit of my "financial experience" earlier this morning ...
Posted Using LeoFinance Beta
That type of information is always useful. It also speaks well of Panther Swap.
Posted Using LeoFinance Beta
Good information. The risks of Defi are quite tough so it isn't bad to recoup your initial investment for a free trade.
Posted Using LeoFinance Beta