How I Lost 73K $CATS And 37 $EBEN In LP

Thank you for your mention and referring to my article. I hope we all can learn together as we go after all it is all about learning in this life. It is the big experiment of all time.

I have staked around 4.2 EBEN - BCH LP tokens during the time eben was around 2 dollars each. Maybe I will just let it farm and wait until it goes back to the price I bought it to prevent impermanent loss.

Oh, I believe you can cover the loss someday. Hehe!

This is huge and painful. So sorry about that MJ. I finally got through to the post. It was a long day for me. Wow. I must say you are even brave to try it and now you know the risks attached to it. Thank you for learning from this and making us learn as well to avoid the same thing..I am deeply sorry, my friend.

Learning experience, and by the way, I had mine too ;)

To be honest, I do not know if it is lucky or unlucky that I am not able to stake to BenSWAP for EBEN. As a result, I had avoided a loss on this.

Despite having more in BCH, I'm still saddened by the loss of my CATS and EBEN.

You can buy EBEN and CATS for what you have gained in BCH when the price or the tokens falls.

I got more EBEN than I put in, but less BCH. If I sell the EBEN, I will get less BCH in total than I put in. It is always the total that counts and not the individual token.

Yeah this is the thing about LP. I think they can be great and I have been in a bnb-cake pool for a long time already and it does great, but with tokens that are super volatile it's playing russian roulette. Ah well, valuable lesson learned!

Same in learning of Liquidity and stacking I also lost my CAT$ from 900000 to 1200. I am worried about this loss. But it is kinda part of life. Without risk you learn nothing.

I never try this kasi ndi pa ako marunong hehe, tlagang need a thorough studies bago pasukin ang ganitong mundo hehe, pero atleast po safe pa din ung mga BCH earnings mo

Yeah, you've learnt your lessons. Maybe next time you be more careful meanwhile, congratulations on your earnings in BCH.

Oh my. I really need to learn this all before risking anything I have. Pero bawing bawi naman po yung bch so di masyado masakit hehe pero masakit parin

That's the risk really sis. Glad I pulled out mine earlier so I did't lose much. The impermanent lose is unavoidable.

I still don't have any about about LP tokens. It seems like that It has too risk so I think It is better to avoid it.

Huhuhu that's really too risky sis. But it was still fine since you also gain more bch. Lesson I gain here is that, once something is gone there will always another thing that will be added as well that makes it still valuable. 😊

This is such a timely article. Been doing more research about this since Ate Eybyoung commented on one of my articles. Thank you for this!

Halla ate sa Pool yan hindi po sa Farm mismo? 😱 Sa farm po kasi naka stake Eben ko buti nalang maliit lang yung inano kong Cats sa LP CATS + BCH.

Inabangan ko talaga tong article mo. I also provided liquidity but with other token, maliit lang ang value kaya d ako masyadong kinakabahan. If paired daw with stable coins medyo okay, i have bch/sbusd pairing..

Ung sa liquidity lang ung niremove mo po? What about dun sa farming? Hindi din ba sya safe?

Maybe it's a matter of luck, the market is unpredictable, still lesson learned and I'm glad that you've earned profit in BCH, I think that amount is enough to buy CATS and EBEN again.😅

Still didn't know how this things work. But I'll try this next time when I have more to risk

i haven't tried mine yet....still doing some researching, reading others' experiences, like yours, to give me more ideas on what I'm getting into. Thank you for always sharing infos like these.

I can't relate to this ate but if ever I will have a chance to try this, I will avoid that LP hehe

Kakulba sie ni. Haha. Ako nga nga sige ra gihapon ug explore kaback out-ton.

Lessons learned.. And thanks for sharing your experience ate..

You lost a lot of tokens, pero di pa rin po masama kasi safe ng BCH, which is yun po ang mahalaga. Sa mga experience ng iba, natututo na ako. Hehe.

Now i have a little idea about what LP and how it works haha ayoko pa sya itry hehez. Atleast po you've learn a lesson naman better luck next time

Kaya ako hanggang pool lang eeh kasi laging sabi nina Jane at Eyb na it's very risky. Buti sana if ang ka pair is stable coin kaso mo walang available non sa benswap. Pero naka gain kapa rin naman ng BCH not bad na rin ano. Basta wag na basta basta maga farm aguyy.

Not bad having 0.10BCH from 0.02, you should be grateful because BCH is valuable than CATS hehe but for EBEN it's a bit painful. That's why I didn't made LP, we reminded all of you in the beginning but at least you didn't lose BCH that's more saddening. Don't regret experience, it's a great lesson.

Lesson and learn na rin ate sa lahat, thankyou po sa paalala.

I tried providing liquidity on another network last year. I was in loss so I guess that was my first and last doing that. I don't like it anyway. If you want to do that find stabe coin pairs like usdt/dai. The percentage is less, but they don't lose value.

I was expecting that you'll lost BCH and gain EBEN since it was the reward 😅 .. It was the opposite in your case maybe because the EBEN and CATS price dropped when you unstake them...

Aww..sayang din po yung loss na Eben marami din yun..but atleast po you gained something .. Nako..buti di ako nag stake ng madami..diko pa pala nacheck cats ko..patay

The general idea is this one "providing liquidity can be very risky. Due to volatility, you may end up experiencing impermanent loss on the value of your pooled assets." Im happy its going well for you, because when I read the tittle, I start criying.

Ayan nga mahirap sa LP Kaya sakin purp stake lang.

Di jud ko makarelate ani sis..