My 90000% APY Experiment
I have been looking for high yield farms for quite some time and that is when I found about Olympus DAO which was giving a whopping 8000 percent APY which was insane to hear, but it was on the Ethereum Network and the fess of that network makes me always stay away from them. I will make a post about Ethereum Fees but today I will be talking about Wonderland which is on the Avalanche Network and this Defi is giving out approximately 90000 percent APY and it is just bonkers.
As I said in my title this is just an experiment for me now so I have invested just over 200 USD and have already started Staking my TIME and as you can see it shows that my 5 Day ROI is just sight of 10 percent which also means that I should be doubling up my Money around the 28-day mark which would be pretty sweet if that comes to fruition. There is also a lot of skepticism going around for Wonderland Defi but putting a small chunk of money might not hurt. If it goes to the moon then good for me if not then I guess I lose some money that I was willing to bet.
MY PLAN
My plan here is to get to the 28-day mark and take out my Seed Money which is the Initial 200 USD I put into Wonderland and then I keep my Profits in and let it compound. If I get some insane return then it is good and if not then I guess all I lose is the profit I initially made and not my Seed Money.
Greetings my friend. Interesting, I had not heard about this project, 90000 percent APY is really amazing, something like this I think is worth looking at and doing an experiment, and I find your strategy very appropriate, thanks for telling us about it, I will investigate a little more.
Welcome to the club my friend! I first read about OHM in August and invested a bit... since then it has almost 3x in number of tokens... then a bit later I read about Wonderland, and that has been a fairly nice investment so far as well! Now I just hope that it will keep running in the same way for a long time.
To be honest, I was quite skeptical in the start, but the more I actually follow the project, the more positive I become. Daniele Sesta, the leader of Wonderland, is getting famous in the crypto world and he seems to be a decent guy (check this article: https://www.ipaddressguide.org/who-is-daniele-sesta-daniele-sestagalli-the-man-behind-wonderland-time-popsicle-finance-ice-and-abracadabra-mim/) and that once again brings more confidence to the Wonderland project itself.
So, I hope you will be happy about this investment! :)
Sounds like a fairytail ( get it? because of Alice in Wodnerland :D)
sorry for the bad joke, maybe it is worth trying out. Is there any tutorial or how to? :)
Greetings @arunava is an interesting API that we can use to generate token and double the capital, I was unaware of this project, personally I will surely spend time to review about it. Regards