I’m also in these insane APRs: right now doing Static-BUSD pool on Beefy which is at about 3% APR PER DAY. I’ve learned how important it is to track the underlying asset value because it can devestate your profit, and this one is stable or increasing in value. Amazing times we live in.
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Nice lead. I've tended to shy away from LPs lately because I learned my lesson on impermanent loss for one while the interest wasn't high enough to ease the pain. My others are stable and cruising at around 80-100% APR now that they've settled in after their launches. I've been fortunate to be at the onset of several new chains to catch high extremely staking rewards that feel a bit less risky than the pools for the above. I tend to prefer staking for now because it's also better for airdrop eligibility. Thanks for the comment.
That’s an excellent point, about staking for airdrops. How do you find out about these? Or so you post about them here? (Hint hint lol)
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Since I'm highly in tune with the Cosmos ecosystem, I've followed the right YouTubers, am in lots of Discord groups for upcoming projects, and also search around for more clues on the web that ultimately lead me to news/rumors on Reddit or Twitter. I don't really post about them specifically, but I've mentioned the general flurry of them on the Cosmos ecosystem a few times. There are a few general airdrop tracking websites you can explore and see if you may already be qualified for. An example is: https://airdrops.io/. There's also a website where you can put your ETH addresses in to see if you've potentially missed any free money in the past. https://earni.fi/
Basically, if you proactively search on a regular basis, they're pretty easy to find and prepare for in time as some take some setup, like setting up XRP trustlines. Many airdrops have airdrop calculator sites where you can paste your addresses in and see if you made the snapshots/how much you'll get when it's ready.
Here's a tip for Terra Luna: https://terra.smartstake.io/airdrops.
Fantastic, thanks so much I’ll take a look. Yeah Cosmos has been really interesting for years, time to spend more time seeing where I can invest. Much thanks for the detailed reply 🙏
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Going to bed now. Will reply more tomorrow.