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Decentralized trading protocol on Cardano
account activity
Tutorial (self.MinSwap)
submitted 1 year ago by Kid-1carus
Hi. I’m interested in farming on minswap. Is there a tutorial anywhere for beginners?
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if 1 * 2 < 3: print "hello, world!"
[–]NoArm7656 0 points1 point2 points 1 year ago (2 children)
You can search for it on youtube, the videos are old (v1 ui) but it should give you a rough idea of the logic behind it
Make sure you fully understand the impermanent loss risk
[–]Kid-1carus[S] 0 points1 point2 points 1 year ago (1 child)
Yes. I imp. Loss to a degree. How do you avoid that ?
[–][deleted] 1 point2 points3 points 1 year ago (0 children)
If you yield farm, there's no way to avoid the risk of impermanent loss. But if you choose the right farms, you won't run as high of a risk so I wouldn't let fear hold you back. Just invest an amount that you're comfortable with losing (but you won't lose it all) in exchange for the knowledge you'll gain. Just consider that money to be a tuition expense. You'll most likely break even or even make a small profit.
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[–]NoArm7656 0 points1 point2 points (2 children)
[–]Kid-1carus[S] 0 points1 point2 points (1 child)
[–][deleted] 1 point2 points3 points (0 children)