Yesterday I heard a friend say they mined 10,000 with an investment of 300,000 in a day, and I couldn't resist putting a small amount into mining.
Why did I dare to mine? There is still some logic and reason behind it, as everyone worries about the risks of mining disasters.
Let's calculate, with a principal of 300,000 yielding 10,000 daily, the APR is around 1216%.
This kind of APR can be seen in many high TVL DeFi protocols on Berachain.
Most of these protocols are reputable, making the risk of exit scams relatively small.
Excluding the risk of exit scams, the most important factor to consider is the form of the mining pool: is it v3, v2, or a single-coin pool? Is it a stable trading pair or a high-risk meme token trading pair?
v3 mining pools have significant impermanent loss, and if the price escapes the range, it can be troublesome; v2 has much less impermanent loss, and single-coin pools have no impermanent loss, but their APRs are usually quite low.
If it is a meme token trading pair in a v3 mining pool, it can be difficult to manage. On one hand, meme tokens may go to zero; on the other hand, volatility is too high, making it easy to escape the price range.
Previously on Solana and BNB Chain, meme tokens were very popular. I tried it, and most ended up losing, except for the 714 broccoli.
After filtering through this layer by layer, only stable types of v3 trading pairs seem suitable, such as stablecoin trading pairs or native token and LSD trading pairs.
However, on Berachain, there are surprisingly many opportunities for high-yield stable type mining pools, which I never expected.
Even so, I still only invested a small position in the attempt. Currently, the mining pool I’m in has an APR of 700%, but I only invested a very small position; whereas in the pools with an APR of 70-80%, I invested a bit more.
Actually, participating in this mining also has a potential benefit: the leading DeFi protocols on Berachain have almost all not issued tokens.
In the current market condition of "dare to buy, dare to yield," the only way to earn some profits is to participate in the ecological construction of projects, create quality wallet addresses, and aim for future protocol airdrops.
This is also the core purpose of my participation in mining.
Finally, logic aside, everyone still needs to DYOR.
Why did I dare to mine? There is still some logic and reason behind it, as everyone worries about the risks of mining disasters.
Let's calculate, with a principal of 300,000 yielding 10,000 daily, the APR is around 1216%.
This kind of APR can be seen in many high TVL DeFi protocols on Berachain.
Most of these protocols are reputable, making the risk of exit scams relatively small.
Excluding the risk of exit scams, the most important factor to consider is the form of the mining pool: is it v3, v2, or a single-coin pool? Is it a stable trading pair or a high-risk meme token trading pair?
v3 mining pools have significant impermanent loss, and if the price escapes the range, it can be troublesome; v2 has much less impermanent loss, and single-coin pools have no impermanent loss, but their APRs are usually quite low.
If it is a meme token trading pair in a v3 mining pool, it can be difficult to manage. On one hand, meme tokens may go to zero; on the other hand, volatility is too high, making it easy to escape the price range.
Previously on Solana and BNB Chain, meme tokens were very popular. I tried it, and most ended up losing, except for the 714 broccoli.
After filtering through this layer by layer, only stable types of v3 trading pairs seem suitable, such as stablecoin trading pairs or native token and LSD trading pairs.
However, on Berachain, there are surprisingly many opportunities for high-yield stable type mining pools, which I never expected.
Even so, I still only invested a small position in the attempt. Currently, the mining pool I’m in has an APR of 700%, but I only invested a very small position; whereas in the pools with an APR of 70-80%, I invested a bit more.
Actually, participating in this mining also has a potential benefit: the leading DeFi protocols on Berachain have almost all not issued tokens.
In the current market condition of "dare to buy, dare to yield," the only way to earn some profits is to participate in the ecological construction of projects, create quality wallet addresses, and aim for future protocol airdrops.
This is also the core purpose of my participation in mining.
Finally, logic aside, everyone still needs to DYOR.