don't buy
Assessing the Feasibility of mWbETH Farming and Pool Boost Strategies in ListaDAO
I recently tried to earn rewards from ListaDAO by depositing mwbETH in the 'Borrow LISUSD' section. I converted $10 into mwbETH, assuming I could earn some attractive rewards that seemed underappreciated.
But I quickly encountered the minimum deposit requirement of 0.1 mwbETH to farm in this pool. Attempting to buy that amount became futile because there was no liquidity for mwbETH on a DEX on BNB Chain.
Faced with the high costs and hassle of bridging mwbETH from Ethereum to BNB Chain just to farm small rewards, I decided to abandon the plan. This experience raised doubts about the current effectiveness of boosting this pool through ListaPie. It seems more strategic at this point to focus ListaPie bribes on mBTC, which has higher liquidity and accessibility, rather than trying to farm with less liquid assets like mwbETH.
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Analysis
My experience highlights some key challenges in DeFi yield farming, particularly regarding liquidity and transaction costs. The requirement of a 0.1 mwbETH minimum deposit created an initial barrier, ...
Recommendation
Given these observations, I recommend that investors and farmers reassess their strategies by focusing on assets with higher liquidity such as mBTC for yield farming and pool boosting activities. This...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
