[dwaltrip]

Me think you are in a bit too deep and may be underestimating how things can go wrong.

Another possibility is that you have a high risk tolerance as well as an uncommon knack for this sort of thing that most people don’t have.

[nootropicat]

I have low risk tolerance, but these contracts are usually very simple. I described the basic process of analysis on reddit some time ago (second half): https://reddit.com/r/ethtrader/comments/ihpj6f/yield_farming...

In total, I did this with about 40 different farms. There was a time when there were several new ones every day. For a while it was pretty much a 24/7 job as maximizing apy required constantly jumping to some new hype. I was constantly afraid of depositing into a contract that would allow the owner to steal everything, but the worst I noticed were locking bugs + two contracts that allowed the owner to mint infinite tokens (of these two, only one used it to clean the liquidity pool).

The list of farms in that reddit post is obsolete (I think only sushiswap is still running, but with low roi), in general this particular way of making money has run its course.

[rsync]

"In total, I did this with about 40 different farms. There was a time when there were several new ones every day. For a while it was pretty much a 24/7 job as maximizing apy required constantly jumping to some new hype."

There is a line from a movie ...

"Short everything that guy has touched"

[seibelj]

My friend made over $500k from the Uniswap airdrop, he woke up on Thursday and realized he had another half million dollars. He sold it all immediately for stablecoins, and actually missed out on another $750k if he had waited a few hours and sold at the UNI peak.

So yes, it is crazy and complex and difficult, but the rewards are vast for those that dare enter the world.

[ISL]

Every transaction is two-sided. I don't follow the crypto markets in detail any more, but if there was a "UNI peak", then someone who dared to enter the world exchanged stablecoins for Uniswap at about the time UNI peaked. That daring transactor might not agree that the rewards are vast.

Timing markets at the hour level is fraught with risk and cannot generally be done without information not known to the broader market.

[strogonoff]

Advertising profits without details on how much was invested in what assets and when?

A major disservice, doubly so in a risky space like cryptocurrency and on a public forum. This really just makes the space seem even less trustworthy.

[seibelj]

I gave you everything you needed to know! Uniswap airdrop! $500k profits! The rules of the airdrop are published! If none of this makes sense to you then you aren’t even remotely in the crypto space. Uniswap is the biggest dex in the world! Do 20 minutes of googling

[strogonoff]

I believe I already know everything I need to know here. I am concerned not about myself but those susceptible to being persuaded by statements a la “my friend made 6 figures” with no further substantiation, especially in these troubled times.

[remcob]

For every lucky person making $500k there are 100 people loosing $5k.

[seibelj]

Wrong! UNI was airdropped for free to all previous users of uniswap! No one lost anything. And in any trade, both sides have a coincidence of wants, so no one “loses”.

[pavlov]

That’s probably the argument that the Wolf of Wall Street used to defend his boiler room schemes. “The penny stock company issued 100M new shares for free, no one lost anything, we sold them to people who had a coincidence of wants.”

[smnplk]

What is so complex about being lucky and receiving an airdrop on multiple addresses ? Some guys are just born lucky...

[psswrd12345]

>Another possibility is that you have a high risk tolerance as well as an uncommon knack for this sort of thing that most people don’t have.

Ding ding. Which is why returns won't last as the information asymmetry curve is flattened.