Question for LP'ing yield farmers: Yield Yak (on Avalanche) pools LP tokens to reduce the per-user gas fees incurred by claiming and compounding rewards. This looks like a good idea, because unless the amount of liquidity provided is huge, I think daily compounding would be cost prohibitive. Do you know if this is a legit/trustworthy platform? Thanks.
Thanks. That's a good point about the lack of an audit. Looks like Beefy is a similar auto-compounder and is audited. I noticed that it offers better APY's on certain LPs than Yield Yak too.
Great overview. Yes I am v concerned about IL but your calc makes it less scary actually... Anyway have you all figured out payment via Crypto? Thanks.
wow great write up
answered many qs
looking forward to degen article
Question for LP'ing yield farmers: Yield Yak (on Avalanche) pools LP tokens to reduce the per-user gas fees incurred by claiming and compounding rewards. This looks like a good idea, because unless the amount of liquidity provided is huge, I think daily compounding would be cost prohibitive. Do you know if this is a legit/trustworthy platform? Thanks.
It's unaudited. So gotta be careful. TVL locked quite alot so it's not some random protocol for sure. As always DYOR.
Thanks. That's a good point about the lack of an audit. Looks like Beefy is a similar auto-compounder and is audited. I noticed that it offers better APY's on certain LPs than Yield Yak too.
Yeah guess the best approach will be to have funds across all chains to exploit opportunities
Great overview. Yes I am v concerned about IL but your calc makes it less scary actually... Anyway have you all figured out payment via Crypto? Thanks.
Apologies for the late reply ser! We may do FTX pay but still discussing (b/c taxes)
Thanks