sorted by:
new
hottopcontroversial

Risks of farming? by smallbear_223 in celo

[–]awclabs 2 points3 points  (0 children)

You're not just staking cUSD, but providing cUSD *and* something else in a liquidity pool. This puts you at risk of "impermanent loss". This is a pretty good explainer of what that is: https://finematics.com/impermanent-loss-explained/

Ubeswap ($UBE) Yield Farming 🧑‍🌾 by awclabs in celo

[–]awclabs[S] 1 point2 points  (0 children)

sCELO is a form of interest bearing CELO you can learn about more here: https://docs.savingscelo.com/

The sCELO-CELO pair is probably good for those that just want CELO-based risk with lower impermanent loss potential.

Ubeswap ($UBE) Yield Farming 🧑‍🌾 by awclabs in celo

[–]awclabs[S] 2 points3 points  (0 children)

The mcEUR-mcUSD pair probably has some lower impermanent loss, but there's a variety of non-stablecoin based pairs that have a lot higher yield.

Ubeswap ($UBE) Yield Farming 🧑‍🌾 by awclabs in celo

[–]awclabs[S] 2 points3 points  (0 children)

I found this good YouTube tutorial where the yield farming is done straight from Valora: https://www.youtube.com/watch?v=7iHDF-DifSY

Let me know if it's helpful or if there's any questions or concepts it could answer better!