Walked Away from Coin Swap Defi

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I don't remember how long it has been since I started using Defi but let's say it has been 6 months and it was about one month after my start into Defi that I found Coin Swap Defi which I must say has been one of the most consistent Defi for me. I am pretty sure I got to this Defi via a Brave Ad that I saw and I immediately took a liking to the CSS and BUSD pair which at that moment was offering approximately 400% APR. That obviously looked like a decent APR and the project seemed nice and legit so I invested like 200 USD into the project.

About 2 months into the Defi I already made the majority of my Seed Money as Profit so I thought why not double up my Investment and I went ahead and Invested 750 USD into the CSS-BUSD Farm which was giving me approximately 250% APR. I just left my Money on the Farm and only harvested once a month to get around a 100 USD monthly Income in Farming.

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But as you can see from the chart above the price of CSS token started to gradually go down a lot and once it did go below 1 USD I decided to get away as now the Impermanent Loss would have started to kick in heavily. One more reason was also because of the fact that the APR went below 150% so I thought it was time to get away from one of the projects that have certainly given me some good Returns over a 6 month period.

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As for my Impermanent Loss, I incurred a 30 USD Loss which I believe is acceptable considering I made well over 600 USD in profits from this Project. Even though I have officially taken all my Capital out of this Project I will still be looking into this in the future as I feel like there might be another opportunity coming from this same Project at a later date. If you are in the market with a nice Defi Project just comment down below as I would love to find a new Defi Project as good as Coin Swap.

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Posted Using LeoFinance Beta



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