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So I've been going back and forth on whether or not to post on this as my posts traditionally revolve either around mathematical observations or philosophical rants. Some may call me a coward for that but I understand the duty that comes with giving investment advice and this is not a forum for investment advice. With that behind us, and with full disclosure that I've invested in the following project but am not recommending it to others:
Have you taken a look at planetfinance? https://planetfinance.io/ https://www.coingecko.com/en/coins/planet-finance
There's a few things that drew me to this.
1) No team tokens, no pre-sales, no favorites. That makes a pump in dump less likely in my mind. Could be wrong though. Do your own research.
2) BSC BEP-20 Blockchain. For a defi- project, this makes it a lot less painful to participate given how high ETH gas fees are.
3) Max supply of 100k Aqua tokens. Mintage stops in a couple of weeks, at which point the project will generate what they call Gamma tokens. Really interesting component to look into.
4) Usable interface that works.. With the click of a button, you can create liquidity pool tokens automatically. No more math. I tried it over the last 4 days a number of times with the METAMASK wallet and it worked. Used BNB to pay the way.
5) Check out the yields. Beware impermanent loss. For simple staking, automatic compounding which gets you to 200% APY isn't bad though.
As always- this is not investment advice. Invest at your own peril. I lost money this week on this due to impermanent loss but I find the entire eco-system to be intriguing.
Would love to hear others poke holes in it in the comments.
