I finally understand $cover. That took a while lol
Step 1: Provide liquidity to a cover pool
Step 2: Stake these CLAIM/NOCLAIM tokens given
Step 3: Provide liquidity for Balancer/SushiSwap whatever liquidity pool
Step 4: Stake the LP tokens given for >450% APY
Step 1: Provide liquidity to a cover pool
Step 2: Stake these CLAIM/NOCLAIM tokens given
Step 3: Provide liquidity for Balancer/SushiSwap whatever liquidity pool
Step 4: Stake the LP tokens given for >450% APY
Higher risk, higher reward.
I believe my back-of-the-napkin math says any amount input will take about 2 weeks to break even on the higher risk tokens (400%+ APY) then it's pure profit?
Give about 1 month for 200%+ APY breakeven.
I believe my back-of-the-napkin math says any amount input will take about 2 weeks to break even on the higher risk tokens (400%+ APY) then it's pure profit?
Give about 1 month for 200%+ APY breakeven.
That being said, provide liquidity for a protocol that is solid like $AAVE / @AaveAave and you *shouldn't* need to worry, but you can also stack a higher RoR.
Still trying to understand the significance of the @iearnfinance / @CoverProtocol collab.
Is $YFI using these LP pools for higher returns for YFI investors?
Is YFI simply a "covered" protocol on Cover?
Both?
Is $YFI using these LP pools for higher returns for YFI investors?
Is YFI simply a "covered" protocol on Cover?
Both?