Yesterday, I heard a friend mention making 100,000 a day with an investment of 300,000, and I couldn't resist putting in a small position to mine.
Why did I dare to mine? There is still some logic and reasoning behind it, after all, everyone is concerned about the risks of mining accidents.
Let’s calculate, with a principal of 300,000, generating 100,000 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 and have a relatively low risk of exit scams.
After excluding the risk of exit scams, the main consideration 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 shitcoin trading pair?
The impermanent loss in v3 pools can be quite significant; once the price escapes the range, it can be troublesome; v2 has much lower impermanent loss, and single-coin pools have no impermanent loss, but their APRs are usually quite low.
If it's a shitcoin trading pair in a v3 pool, it's hard to play. On one hand, the shitcoin may go to zero; on the other hand, the volatility is too high, making it easy to escape the price range.
Previously on Solana and BNB Chain, shitcoins were very popular; I tried them, and most ended up losing, except for the 714 broccoli.
After filtering through layer by layer, only stable types of v3 trading pairs are more suitable, such as stablecoin trading pairs and pairs of native tokens with LSD.
However, on Berachain, there are surprisingly many opportunities for high-yield stable-type mining pools, which I never expected.
Even so, I only invested a small position in the attempt. Currently, the APR of the mining pool I am in is 700%, but I only invested a very small position; in pools with an APR of 70-80%, I invested a bit more.
In fact, participating in this mining also has a potential benefit: the leading DeFi protocols on Berachain have almost all not issued tokens yet.
In the current market situation of “dare to buy just to dare to entrap”, the only way to earn some profits is to participate in the ecological construction of projects, build quality wallet addresses, and strive for airdrops from future protocols.
This is also the core purpose of my participation in mining.
Finally, logic is logic, but everyone still needs to DYOR.
Why did I dare to mine? There is still some logic and reasoning behind it, after all, everyone is concerned about the risks of mining accidents.
Let’s calculate, with a principal of 300,000, generating 100,000 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 and have a relatively low risk of exit scams.
After excluding the risk of exit scams, the main consideration 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 shitcoin trading pair?
The impermanent loss in v3 pools can be quite significant; once the price escapes the range, it can be troublesome; v2 has much lower impermanent loss, and single-coin pools have no impermanent loss, but their APRs are usually quite low.
If it's a shitcoin trading pair in a v3 pool, it's hard to play. On one hand, the shitcoin may go to zero; on the other hand, the volatility is too high, making it easy to escape the price range.
Previously on Solana and BNB Chain, shitcoins were very popular; I tried them, and most ended up losing, except for the 714 broccoli.
After filtering through layer by layer, only stable types of v3 trading pairs are more suitable, such as stablecoin trading pairs and pairs of native tokens with LSD.
However, on Berachain, there are surprisingly many opportunities for high-yield stable-type mining pools, which I never expected.
Even so, I only invested a small position in the attempt. Currently, the APR of the mining pool I am in is 700%, but I only invested a very small position; in pools with an APR of 70-80%, I invested a bit more.
In fact, participating in this mining also has a potential benefit: the leading DeFi protocols on Berachain have almost all not issued tokens yet.
In the current market situation of “dare to buy just to dare to entrap”, the only way to earn some profits is to participate in the ecological construction of projects, build quality wallet addresses, and strive for airdrops from future protocols.
This is also the core purpose of my participation in mining.
Finally, logic is logic, but everyone still needs to DYOR.