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RE: DeFi’s Hottest New Token Uniswap Plunges 12.5% After Parabolic Rally

in #crypto4 years ago

Hi @tost, I do think that UNI can go higher and become a 10B to 100B marketcap coin at some point, but that is going to take a lot of years of product/service development and a lot more liquidity pouring in into the crypto DeFi scene.

The wisest thing for now seems to be farming them and selling in order to increase the stake in the LP tokens. Also, the 50%-90% APY offered on the UNI issuance is a bit too low for the risk taken, since it is done in 50/50 pools with high impermanent loss potential. Check out this yield farming pool and compare the APY rates for yourself. They are fairly established and have great pools/rewards.

*NOT FINANCIAL ADVICE *DYOR

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