My Expereince with Ploydragon Farm & Staking on Matic Network
It's been a while that I have been farming the $FIRE token on the PolyDragon DeFi platform which leverages the Matic aka as Ploygon Network.
The time when I entered/staked $FIRE tokens at that point in time I got close to 1 Billion $FIRE tokens for a dollar. As of writing the price of $FIRE token is $3.25/1Billion. So ideally, I'm having gains of more than 2x at the moment.
The above image showcases the numbers on the MarketCap which is $3 Mil., Token economics 1 Quadrillion which has a Deflationary Supply RFI Yield Farm, and the Total Value Locked [TVL] as of writing is $1.2 Mil.
FIRE - USDC LP Pool - 2.4K+ APR
I invested close to 100 Matic and staked it in FIRE - USDC LP Pool. Initially, when I had staked at that point in time the APR was above 3k+ but now has been adjusted. But still with the adjustments of the APRs and my investment into FIRE - USDC LP Pool; I am earning close to 1 Matic daily which equals to close to $1.4+ daily.
Not a bad deal at all with the amount I invested. I know that I took a heavy risky and seeing projects rug pulled every now and then, investment in Polydragon Defi project turned out to be a safe bet. The plan, for now, is to continue to earn that 1 Matic daily and enjoy the gains.
At one point in time, a person needs to put a halt in investing and take/reap the gains that he or she gets. So with the investment that I've already done here in the Polydragon project, I'm not going to stake more $FIRE tokens. Every day I'm harvesting close 450Mil. $Fire tokens and exchanging them for MATIC.
Have Your Say...
Do you know about this Defi Project PolyDragon? And if Yes what are your thoughts about it and how is your farming numbers looking like?
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PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I wanted to explore the Matic network and had an interest in the $FIRE tokens & hence bought some $FIRE tokens and staked them; that's iT.
PS:: Image Credits:: polydragon, twitter
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