Pancake Swap LP Questions
Hello. I am well versed on crypto but I am just now looking into DeFi.I have looked at different DeFi products and have decided I like LP the most.I have a few important questions that I can't seem to find the answers to.Besides a hacking, exploit, or some coding mistake - is there any way you can lose all your funds in the LP? (I understand impermanent loss btw) Jw if there is any other way your funds can be wiped out beside the above or a black swan event in the market.I see the top Pancake Swap pair CAKE-BNB pays 53% as of right now. So if someone puts $1,000 in and cashes out once a week the calculator says profit is $9.57. Do I have this correct? Are there other factors in play that wouldn't have you being paid out that amount?Thanks
Ingrandisci immagine - Repost: Pancake Swap LP Questions (from Reddit.com)
Hello. I am well versed on crypto but I am just now looking into DeFi.I have looked at different DeFi products and have decided I like LP the most.I have a few important questions that I can't seem to find the answers to.Besides a hacking, exploit, or some coding mistake - is there any way you can lose all your funds in the LP? (I understand impermanent loss btw) Jw if there is any other way your funds can be wiped out beside the above or a black swan event in the market.I see the top Pancake Swap pair CAKE-BNB pays 53% as of right now. So if someone puts $1,000 in and cashes out once a week the calculator says profit is $9.57. Do I have this correct? Are there other factors in play that wouldn't have you being paid out that amount?Thanks
Ingrandisci immagine - Repost: Pancake Swap LP Questions (from Reddit.com)
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