Dont't miss the DeFi Hype train - How high can a toad fly? (update 2)

Dont't miss the DeFi Hype train - How high can a toad fly? (update 2)

By Niceday | crypto-money | 27 Feb 2021


Dear readers,

(update 2: I do not recommend to invest into this platform.

See below, why it is likely that you may make not your fees back...)

today I will present a brand new DeFi platform that far beyond what mankind has seen.

toad

Toad Farm claims to be the froggiest Farm on Binance Smart Chain.

 

For sure they can claim it. 

Their APR are insane, not from this world.

toad

And even more pairs are available

toad

To deliver you the information as fast as possible, I will release this article at THIS point. 

https://toad.farm/farms

I will supply you several updates in the course of the next days.

 

Update 1:

I will continue with an overview of the one-coin-pools (maybe that is not the correct wording, sorry about that).

toad

and further

toad

As you can see, this platform has a lot of Pools to offer.
The APR are for sure elevated, but not so astonishing like the LP-Pools.

 

Update 2: The TOAD is coming back to earth

As you can see, these incredible APR are reduced by factor of 2 to 3. 

toad

 

toad

Of course, it is still incredibly high, but you can see, where it is leading

Most probably this toad / rocket will come back to earth, soon.

Why?

I will show you an example.

  • Assuming a starting amount with around 100 USD
  • that amount was put into the purchase of a BNB-BUSD LP (liquidity pair)
  • the TOAD rewards are calculate in USD
  • and accumulate as follows

5c08837d91ba7acbe34fea8ebe81925bbcb97fb4d9d2970f312e3d6761140b4d.jpg

It becomes clearer with the next diagram:

ee31c6cf866eb13e03b3b793ef79ad9b868c74cb88bf1e318ef8279f903dbda0.jpg

For explanation:

  • 4 % fee means I would have to "earn" around 4 USD back before you make profit.
  • the curve is already dropping

Meaning: the TOAD token is faster loosing in value than the incredible yield pay TOAD rewards!

It is likely that the curve will drop further.

As worst case scenario, there will be "worthless TOAD"s, and when you withdraw your BNB-BUSD LP token...

I will keep you updated.

If nothing special happenes, this will be an interesting showcase, how you can loose money even with incredible yields...

 


+++ This is no financial advise +++ For sure this platform will not provide these insane APR for long time +++ even a rugpull or other financial damage is possible +++ Do your own research please +++ 

 

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Niceday
Niceday

I want to learn how to earn honest coins with honest work in cryptoworld.


crypto-money
crypto-money

I will share my experience in making cryptos and exploring the way to accumulate btc or altcoin with little effort. As everyone I started from scratch and made my learnings and am still searching for new ways to increase crypto income.

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