You might wondering what I pulled out? Well, you know before worst case scenario happens you should pull it out. Before you get frustrated or have emotional break down because regrets will haunt you as you didn't pull everything when you still have time to do so..

So what did I pulled out? Lol. I pulled out my SHIBA-MILK LP, at Meusliswap. After so many rug pulls happens on SmartBCH I lost the interest to grow my money in there. I pulled out before they rug pull again, sorry this isn't making FUD but I just wanted to be safe than sorry.

I provide LP yesterday at Meusliswap with SHIBA-MILK

This was supposed to be my first ever LP created in SmartBCH, as I saw the APY was around 1.2k.. while some users here busy at BeachSwap that recently rugged pull, I was trying my luck in Meusliswap instead.

I bought Shibacash worth 0.0116BCH that is 99 billion..that is about $7+, it's a good buy I think as the price was down -12% in the last 24hrs.

Next I bought MILK at the price $.36 worth 0.0119 BCH, that gives me 20 Milk as I needed 19 point something to pair up with 99 billion Shibacash, it's a good buy as well because Milk goes up a little bit before I pulled out, it is $7+ too.

After buying both tokens, I proceeded in making LP(Liquidity Pair), that will have 0.21% share of pool..

After clicking supply details will show up such as the rate of 1 Shiba per milk or 1 milk per Shiba.. that will have a total of 1375820 Shib/Milk in pool.

After supplying, the receipt showed that the transaction proceeded and I already staked it in the farm..

This was total amount that I added in the farm worth $14.46, I even edited it with date so I cannot forget when did I added it.

Then FUD came, in our GC people are discussing that Meusliswap devs was hard to het in touched. So some are speculating it can rug pull anytime, while me who just added LP yesterday got carried away too, well I was stressed lately so I just pulled it out before it's too late.

Before removing the LP in farm, the total amount staked was in $17.21 which means the LP amount grows $2.76 from making it as both Shiba and Milk price increase from my buying price. I only earned 0.932 milk after staking for 24hrs and the APR lowers to 787%, it's still good but then I decided to sell the milk except Shiba.

Upon removing the LP I lost 15 billion Shibacash from 99 billion to 84 billion plus remaining only but I got 22.8 Milk which means the Shibacash covered the impermanent losses while I gained more milk.

Due to FUD and I lose interest in SmartBCH projects I also sold mu BPAD to get back my capital which is 0.15, but I still have some left 3k+ that is worth 0.03BCH the last time I checked.

Closing Thoughts

In investing in any DeFi projects one should always consider the risk, I am not in the mood to risk especially that frequent rug pulls are happening in SmartBCH recently.

It's better be safe than sorry, I still have AxieBCH and EBEN that's the only token I left as I think it's not going to rug anyway, for EBEN it might be possible but I think not now.

This was the epic journey in providing LP in SmartBCH as it only lasted for 24hrs. (Although Meusliswap is still alive lol)

How about you? What's your say with the recent rugpulls in SmartBCH? It's killing the vibe and trust of investors right?

Thank you for reading!

P.S I wrote this the other day when I was still on my sanity if you'll read thoroughly you'll see the date. As for my last article, I appreciate all who commented and uplifted me, forgive if I don't reply yet.. as I am still on the process of composing myself. Please know, I remember everyone who spent time showing their sympathy and concerns. I will reply once I fully fine. Thank you so much! ❤️

Note: Original content unless revamp.

Date Published: October 30, 2021