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My DeFi Story of 500 dollars - Bought YFI - Borrowed USD with YFI - Bought SHIB and TOMATO - Added to UNI LP - Started Farming with 2000% APR LOL! NOT FINANCIAL ADVICE! #DeFi $YFI #YEARN
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kryptovijoy is in DeFi
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Guys, this is just a fun thread giving an idea of the vast opportunities DeFi has - NOT FINANCIAL ADVICE.

So when the price dropped, I purchased YFI (yearn finance) for $500 from Uniswap.

Then used this YFI as collateral to get about $400 USD.

Used this $400 to buy two meme coins SHIB and TOMATO ~ I know, not a wise decision, but yeah!

Then added it to the uniswap LP of SHIB-TOMATO - the only good side is not many people know of this pool so, for a week or two the returns will be pretty good.

Then added to farming on Tomato finance; tada that's a 2000% APR pool. I know it will be like just a couple of hundreds in a couple of weeks - but that should be enough time for me to get the $400; then I can repay the borrowed funds and get back my $YFI and I still have this farm running.

Thoughts?

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3 years ago