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The DeFi Chronicle: How I found the right Polygon Yield Farm after failing miserably
I got rugpulled on four consecutive yield farms: Titan, PolyYield, Polyyeld, and PolyCuban. The experience helped me learn a lot about finding the wrong yield farms. Now, I have found a yield farm, StadiumArcadium, that I have enough faith in to write about. Let me share what my experience has been like and why this yield farm is different.
If you are a fan of loss porn, I’d encourage you to read some of my other articles. Recently, I wrote about how I got wrecked in yield farming and what I have learned (links at bottom of the article). I had a run of bad luck on degen yield farms but insisted on keeping money in the space. As usual, this is not financial advice and I am not a financial advisor. Degen yield farms are risky!
What is Yield Farming?
Yield farming is earning interest on cryptocurrencies via a lending platform. The interest can be paid out in the yield farm token, in-kind (the same token you are investing), or in a different token.
What is Degen Yield Farming?
These are farms that offer sky-high rewards, sometimes over 1000% APY. Typically, Degen Yield Farms payout rewards via a native token. The development team is typically anonymous and these farms are often scams, exploited, or pump n…
