I looked back at my DeFi accounts from the past two years today.
1. In the second half of 2023, I invested in Curve, simultaneously staking in Convex and Llama Airforce, and also created a pool in Curve's own pool. The farming yield was 20%. Curve doubled in value. However, cvxCRV dropped significantly, and CVX also fell a lot, resulting in serious losses when I swapped back to Curve. Overall, I only made about 30% profit.
2. In the middle of 2023, I invested in ETH for Lido staking, with an average purchase cost of 1600. I was forced to lock it for 2 years, but I still earned some interest. Now ETH has risen to nearly 4000, yielding almost 2.5 times my investment.
Conclusion: If there is a mechanism that forces you to lock altcoins for a long time, you should definitely avoid it. If there is a mechanism that locks valuable coins for a long time, even with low interest, it's worth participating.
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