I have earned more than 4 thousand dollars thanks to airdrop FORTH. I decided not to withdraw this money but to invest it in DeFi projects. Here is my little story, welcome to the journey.
I managed to deposit almost 3 thousand in Liquidity Pool on the popular DeFi platform. All Pools were composed of one token and the other was BUSD, this way I ensure myself a kind of stability of the pool, because the price is based on a stable asset so the IL risk is lower. And so I had $1400 left in the stock market and didn't know what to do with it. I was looking for some strategy that allows Staking stablecoins. I wanted to do so because it is important to have diversification in your portfolio and the best certainty in the cryptocurrency world is stablecoins.
So I decided to invest in stablecoin USDT on the Harvest.Finance platform in the Binance Smart Chain ecosystem. You can read about the whole process in my Publish0x post available here. In this blog, I will dedicate a question about the future of my investment on Harvest.Finance.
I have been investing in FARM on Ethereum for about three months now. I have been staking FARM in the Profit Sharing Pool the whole time and currently hold 10.98% more FARM. Unfortunately it would be more but I made some mistakes while investing in the Ethereum ecosystem. I'll talk about those in another post. And here on Binance Smart Chain on Harvest.Finance by investing in USDT I will be rewarded with XVS and bFARM. This bFARM I can then later exchange for Ethereum FARM and continue to either invest or eventually sell my shares and look for investment solutions somewhere else.
Why do I think that investing in Harvest.Finance was a good decision? Because I am well acquainted with the site, I follow the creators on Twitter and Discord and I sort of feel part of this project and I truly believe in it.
Thank you and until the next one, Nervi.