I've had some funds Vested into a stable Farm on CronaSwap on the Cronos network for a few months now, accumulating me some CRO over the months.
I've had these funds earmarked for a while now to pay off some credit-card transfer debt I'd accumulated over June-July of this month - I'd bought a few things (including HIVE-FEST related) on one credit card and then transferred that over to another card for a one off 2.9% fee for 12 months, which to me is worth it as HBDs are accumulating at around 8 times the rate of this.
And historically pretty much all stable farms on any network have also been a better deal than the transfer fee over the course of one year.
However I can no longer reliably say this about CronaSwap on Cronos.
Having removed my liquidity from the one stable pool I was in I can now see from CronaScan that I've been in that same pool for 130 days, or around 4 months...
And in all that time I've earned the grand total of $8 worth of CRO...
I won't disclose the exact amount I had in the farm but this return in 4 months is equivalent to around a 5% APR
This is mainly due to the radical decline in the CRO price over the last four months...
Back in the day when I put the funds in, yes sure the return was 15-20%, somewhere around there, but now, with this decline in the value of the DEFI coin the overall return, since I haven't been farming regularly, is much lower than initially anticipated.
The declining value of the DEFI coin - a very common thing....
I think this has happened near universally - certain with the ones I know about - MATIC, AVAX, BNB, Cub and PCub have all at least halved in value in the last four months, AVAX has halved and halved again in value during that period, and the same with Cub.
If we trace the price trend back further, the price declines are much more pronounced for many of the above, suggesting DEFI coins have dropped in value far more rapidly that BTC and Hive.
Thankfully I got out of DEFI-OTHER pairs well before this radical decline!
Many, many months ago I had some stables pooled with CRO and various assets pooled with PCub and Cub, but I pulled the vast majority of those ages ago and just kept stable pairs or other major assets in, resisting the DEFI COIN-WHATEVER temptation, meaning that at least my WHATEVER crypto hasn't been drained leaving me with more of the now incredibly relatively low value CRO/ Cubs etc.
The dangers of leaving funds unattended...
I haven't LOST money in CRONOS, I've managed to extract all my funds successfully, but I found that the older protocol I'd let my funds sit in had become a lot less popular such that I controlled 0.3% of the pool I was in with not that much money.
This lack of liquidity shows up when you do a swap.... even with 100 DAI for USDC I'm getting a 0.5% slip, which is pretty bad on such a low volume tx....
But it's not all bad
I guess I've still made a yield out of CRONOS, so it's not been all bad, and it's still easy to get out, I mean the protocols are still working, and at least with CRONOS I can swap to USDC easy enough and send that straight to my Crypto.com credit card (and then spend that ASAP!)
Getting out of Cronos: Final Thoughts...
As I said above, I'd had these funds earmarked for coming out-out of crypto for a while, maybe that's why I got a bit slack with just leaving them where they were and not bothering paying attention to them.
I concluded a while back I'm not sticking with CRONOS, there's no point.
TBH I'm only interested in pooling major assets like BTC and ETH and stables either in singles stakes or together on any protocol, and with stables I think I'm going to just convert anything I want to keep to HBDs...
But for now, I'm just pulling everything out of Cronos and I'm actually gonna buy some staple food items with it, and then pay off my credit card debt when the interest free window ends in December later this year!
I'm actually feeling relieved to get the funds out!