Let me explain. 3 months ago, I withdrew my liquidity from the Thorswap pool, read the post explaining my intentions here. It turns out that after 3 months it was still a horrible decision as I pointed out here.

My critical decision mode to rectify this move was to DCA weekly into $RUNE manually with $5 which I’ve failed at terribly because life happened and I kept needing to pay for one thing or the other, I’ve got to survive to invest right?

Something took me back to that post and I can’t help but mull over leaving the Thorswap pool. With the price actions of crypto across board, I’d have made much more RUNE sitting in the pool than holding them liquid. Harsh Lessons learnt! Thanks anon! Single sided staking on Thorchain needs to be released like now!

Speaking of single sided yield staking. There’s so much anticipation for this update from the Thorchain community, it’s indeed a revolutionary breakthrough but it’s not in the way most are thinking it’ll be, there wouldn’t be some mind blowing APR’s as some are projecting……

…….but the fact remains that one will be able to stake only one token without exposure to price fluctuations of pairing with another and still earn yield on it. Stake BTC and earn yield in BTC. Cool stuff…but….

I have many questions regarding this single sided staking on THORChain, does it mean the existing pairing mechanisms will be discontinued? Or still be available? I’ll be looking forward to reading more about this update or maybe I’ll just learn about it on the go.

Planning and Timing

Back to my failed critical decision plan. DeFi is hard as it is, there’s a lot of required planning and timing. It can be very tiring and futile if one isn’t paying attention. It’s not just about entering the pool, one has to know why they are going into the pool, what farm pairs fit best and also knowing when to leave is important.

I’ve also realized that DeFi in a bull market is different from DeFi in a bear market. DeFi in a bull market is interesting because as tokens are increasing in prices, one’s LP increases in value as well, so in such period one just has to find a favorable platform with no rug pull potential, pair two well selected tokens and sit back to farm rewards.

On the other hand, bear markets are very boring, as every week could bring with it new lows(price), however, this can be played to one’s advantage, if one is farming a token and that token being farmed is paired to another token in the LP, then a bear market will lead to you producing more of that token but lesser in value.

Like in my case of RUNE, I paired RUNE with Bitcoin to farm RUNE, the bear market has been brutal and though my LP is worth way less than I started with, I’ve produced more RUNE than I started with. The interesting thing about this is that as soon as the bear market turns around, all the farmed tokens will begin to increase in value and suddenly there’ll be so much money flowing than was anticipated.

So yeah a lot of strategy is involved, maybe Single sided staking will be the solution the entire crypto space needs, just provide your favorite token and earn yield on it, the system will take care of the rest.

But for now this is what we have to deal with. So I think I’ll go back into the pool and just sit there come what may till something changes, we’ll pick it up from there.

Do you think DeFi is too hard? Will Single sided staking solve this problem?

Thanks for reading. 1.

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