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Joey Koh

27 Apr 2022

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FTX CEO describe yield farming as ponzi schemes

Posting this for a good chuckle. Says alot of our heavy bags (I also subscribe to the belief that most protocols are in fact ponzi schemes) that the FTX CEO can say stuff like that.

https://www.youtube.com/watch?v=C6nAxiym9oc

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1M45

Edited 20 May 2022

In certain way, yield farming is like investing in High yield bond, the highest payout can reach 16%p.a. (to my knoweldge)
Becoz you dont know how credible is the project team, just based on faith & their words, is extremely risky.
High risk , high gain.

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Bok W

03 May 2022

For the moment, I agree to stay low on crypto investing as there is no intrinsic value in the currencies.

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