But, but Master Chef exit scammed

Why is this piece of shit pumping amid news of an exit scam? When is DeFi going to die.

Ethereum fees will never be low because of these yield farming scams.

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Because billions of brown believers are not going to give up on their Bitconnect-esque dreams

because it's a decentralized governance token. doesn't matter if the dev left. it's more bullish in fact

Cause Sam is in :P

Okay. Doesn't matter what kind of token it is because all of these suddenly hypd up farming tokens are all exit scams. I get decentralized finance and how smart contracts have their advantages over traditional banking.

These are bogus ponzi schemes even with passable auditing.

tomorrow is going to dump down 60%. still falling for scams lol

Seeing shades of the ICO bubble all over again. It's done so professionally though that if you didn't know any better, you were investing in real producing projects.

The Casino just grew another hub to lose your money in. Telling you crypto in the long term is going nowhere. It looks good on paper and it's been a nice decade of experimenting with it, but it's arrived at a dead end.

DeFi is fine but there are a lot of scams because it's so new. If you stuck to real projects you've already recovered from yesterday's crash.
I've got about $5000 in liquidity pools and I'm making a comfy $5-6/day. It's not 2x-10x but it is sustainable,

1 - Because everyone was shorting it and it needed a short squeeze. It had been going straight down and shorts were paying longs over 1% an hour to be short.
2 - Because the dev left, Alameda took over the project and is taking it into a different direction
Galaxy brain - Alameda took control of the project and flipped the FTX bots to liquidate all the Sushi shorts, injecting liquidity to pump it and reinstating confidence in the project

this
with cz and sbf now running it this thing will moon

CZ and his BAND of scammers propping it up. Even in light of someone new taking over the project, it exists to milk money from noob investors who think it will go up and up forever. Rug pull will happen to this, to BAND, and to every other piece of shit Binance sticks its dick in.

Because its actually a good project

I kept my small stack I had no choice I had no eth to move it

So glad i didn't panic sell

Only honest answer in here. Though I appreciate everyones take on what DeFi is. All comments are welcome and whether you agree or disagree that it's another ponzi pyramid, it will go on as long as it makes money.

At some point, crypto has to find its proving ground. Profiting off the exchanging of tokens on exchanges narrows crypto's purpose to one thing and that's speculating on each coins value.So when you got different projects websites and they claim to be this or they claim to be that for blockchain, it's all made up nonsense.

how do we (not) know you're a stinky linky lol

Frankly, this is ridiculous. Is the market completely manipulated?
I’ve decided to short BRAND shortly after the rather convincing rumors about its connections to the SUSHI token started to spread. Now, BRAND climbs 20% today. Who would even think about buying BRAND following these rumors??

BAND lol

KEK at using leverage in crypto. U guys are degenerate gamblers, and will lose it all and more. Don't fall for this shit

someone posted yesterday in a thread they shorted it with a pic.
user replied with something along the lines of now expect a pump to liquidate the shorters

user very big brain

Why? Sure its safe bit you are only making 0.1% a day doing that right.

You think 30% APR is sustainable?
Where is that money coming from?
Do you get paid in real coins or worthless Y*-tokens?

Yes. Did you miss TRON pumping 30% while literally EVERYTHING took a 20% shit? These cz chink scams are all fake volume. Everyone rushing in to short BAND just makes it all the more profitable to pump and take them out.

30% APR is not sustainable as in going to remain that way in the long long term, but it's an arbitrage opportunity for early adopters that's going to remain there for a while. Just like L1s give miners an early adopter advantage, so do the DeFi protocols that build on them.
For example, the highest APY on yearn now is for yCRV, currently just under 100%. This is used to farm the CRV token. The CRV token gives you a claim to fees on Curve stablecoin swaps. Curve gives the best slippage rates for stablecoin swaps, so people buy the token to speculate on these fees. The money here is coming from the conclusion that swapping stablecoins efficiently on the Ethereum network is an useful service. There is a strong element of speculation that inevitably brings about violent market cycles, but you can see how this is still invaluable infrastructure being created.

Is this better than staking YFI?

YFI staking on governance currently has 14% APY. The YFI vault once live is essentially going to borrow yCRV to use on that strategy at a loan health of 2, meaning you get to keep the exposure to YFI but get half the yield

Staking on lending platforms is making that off the fees from people borrowing to gamble on the casino. How sustainable it is to give returns from people gambling away is an open question, but the stock market has been doing that for a while now and is still going.

Stable APR’s will start the next wave of shitclone. If you want to be a part an unreleased project with new code that will be verified and 3rd party audited then just say the word.

what do you have

IYKYK

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Can someone tell me how I can short this on binance?

CZ doesnt has much to do with sushi he just listet the coin.
Alameda is pretending to save the project and hes a respected figure in the space.
CZ tweeted today that binance cefi will beat defi farming gains soon. thats why bnb allready recovert from crash. Swipe will follow.