On 10th of June, 2021 I converted my $BAN coins into WBAN to farm in long-awaited WBAN farms in BSC. I recorded everything from the moment to track the profits. The total profit is these 8 months is -$9 :D Yes, it's negative. Because the price of BAN was double back then. So even with more farmed BAN, the impermanent loss didn't even let me to break even lol.
2 comments
Ouch, that's another lesson that DeFi is not always fruitful.
I think it's actually rarely fruitful, unless it's a really reputable platform and the farm you're in isn't for promotion of a new token, but actual liquid coins