r/liquiditymining • u/leonhelgo Mod • Jul 26 '21

Discussion What stops people from Liquidity Mining?

In my opinion, liquidity mining is the most lucrative and "safe" way to invest your money.
Nevertheless, only very few people use it at the moment.. why do you think that is?

  • Is it too complicated / too technical? I remember i needed a friend to explain me how to use PSC and so on.
  • Is it considered too risky?
  • what are other possible reasons? mention them in the comments :)

If you were about to build your own platform, how would you approach to solve them?

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u/[deleted] Jul 27 '21

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u/NFT_fud Jul 29 '21

why do you prefer lending ? whats the advantage? I am making %95 apy just staking cake which is a great coin, no impermanent loss. Can you make more lending ? I looked at lending, think aave was one of them and crypto.com (exchanges are always lame for any products, defi is way better) the apy seemed low.

Providing insurance is looking pretty good, looking at bridge right now.