Hi! Welcome to another article.

(Don't click this link if you like profits! )

In this article, I will tell you about my BSC experience, and how I made quite some bank off it!

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• Futures and swap contracts
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• Actual trade examples 
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Lastly, join my telegram group here for calls and education! It's free!

Now let's get into the post!

BSC is a pretty fun place. The fees are low, there are some high yields, and in general, it's a fun and easy place to be in.

However, many people get rekt everyday, even though they have access to high yields.

Why?

The answer is simple: Impermanent Loss.

I won't go into detail on impermanent loss in this article, but it's the bane of many traders today. Impermanent loss is simply the difference between an LP's holdings valuation if he had held Vs putting it into a liquidity pool.

However, there's more than just impermanent loss at play. Let's take an example.

Imagine that I farm in a 23000% APY pool. That's a fricking high percentage, and I should make some awesome profits in a few days. Great right?

What if I told you I can lose a lot, if not all of my profits everyday?

The way that would happen is quite simple. The pool whose LP tokens I stake may have little to no trading volume in it. Therefore, I would be one of the few people in the pool.

While that sounds great, people who will dump their tokens after farming will dump into my liquidity. Being small already, a large negative impact in price on any one of the LP assets affects the overall price. In this way, I can lose money.

Also, if the pool is based on two non-stable tokens (BNB/MAX for example), impermanent loss is much higher because there is no base to compare against.

So how was I able to circumvent this? And how can you do it too?

Here are the things I look for:

• High volume pools: The pools I want to LP in must have at least $600k worth of volume a day to make it worthwhile.
• Stablecoin pairing: I don't LP pools that have two unstable coins as their makeup percentage. It ALWAYS ends badly.

That's what I look for! And with the help of some trades, I was able to turn $500 into over 11k in a short time.

The main source of the income was of course from LPing. But because it the criteria I listed above, I was not just making money farming CAKE. I made money from:

• LP fees
• Positive rapid price movements
• Farming CAKE and compounding
• High APY pools
• Occasional risky LP in an unstable pool to earn some quick CAKE (I know, contradiction. But I was very careful)

That's how i did it! If you enjoyed the post, please drop a like and tip.

Thanks for stopping by! Don't forget to join my trading channel here, and pick up the course! You'll get two free bots guaranteed to make you money!

Till next time.