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RE: My thoughts on yield farming and BAT pump

in LeoFinance4 months ago

Great blog post... I was thinking exactly the same about your topic today... Is it BAT pumped because of the COMP fomo, or is it vice-versa? Maybe it had a small pump, and the compound was a wind in the back...

If it happened today with BAT, it will happen tomorrow with some other coin/token... Maybe not on the same platform, but it's coming...

If the next alt-coin season comes, defi will be the trigger... I don't see another "big thing" than that...

I think that we will get the answer very soon...

Cheers!

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BAT is giving insane COMP yield + interest. If I get 100% APY, I'll buy more BAT from the market and lock in DeFi. Such a yield is not sustainable. Most probably, another token will be picked next for pumping. Extremely suspicious and abnormal. These will be short term pump-dump.

Posted Using LeoFinance

You are right... and what do you think what will happen when some of those coins start to go up... :) From my point of view, that could trigger a big FOMO, and with a bit normal APY, maybe a new altcoin season... but, we will see...

This is just a beginning...