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Topic: Do you think Alpaca Finance is safe? - page 2. (Read 209 times)

legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
June 26, 2021, 01:48:38 PM
#7
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
Investing in all types of cryptocurrencies is high risky. And if it is a new coin then it is more risky. So it can never be called safe.
legendary
Activity: 3178
Merit: 1128
June 26, 2021, 01:44:43 PM
#6
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
I feel like too many "finance" tokens are out there these days. Considering the market is not doing well at the moment and we are not in a bull, I would say that stay away from newer things that has been out less than 6 months, and go look for things that have been around for 3+ years, they are the ones that will go up first and after it goes up, you will have a chance to actually pick something else and go with that. It is not the ideal way to do things but it is definitely the most safe way to do it.

I am not saying alpaca finance is a bad investment, I do not even know them, I have never heard them before, this is the first time I am hearing about them, but that is enough reason for me to not invest with them since I am only caring about the older ones. Bitcoin, ethereum, bnb, ltc, and those type of things are the ones that will make you profit for now.
sr. member
Activity: 2338
Merit: 338
June 26, 2021, 03:52:36 AM
#5
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
Investing to new and not know project consist of high risk, you need to be careful or else, you just throw your money to them.

I suggest you make some more research, check its trading volume, feedbacks, and if you find out that seems to be suspicious and declining, that was obviously not a good coin to invest in.

Regarding safety assurance, you can never find a guaranteed 100% of it here. The market is so volatile, plus a lot of projects that are worthless and scams. That is why I don't have such an interest in new projects but to stay those coins that are already established so well.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
June 26, 2021, 03:31:59 AM
#4
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
Before investment You research it. Read there Terms and Conditions clearly. check liquidity amount. Whether that liquidity amount is able to sustain the value of their token. Otherwise You can fall into a big loss.
sr. member
Activity: 1232
Merit: 379
June 26, 2021, 02:45:35 AM
#3
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
How large is the community and the liquidity provided, although no investment is considered to be the best and risk free but to what extent do you think alpaca finance is good, just went through the coin on coinmarketcap, https://coinmarketcap.com/currencies/alpaca-finance/ and I discovered that it's listed on gate and mxc which they are better exchange, but the trading volume on those exchange is extremely average, if at all the higher farmers decided to sells off their alpaca, wouldn't it cause priced dump, I advise op to consider a better project to stake and farm on.
hero member
Activity: 2884
Merit: 620
June 25, 2021, 04:10:47 PM
#2
I have never heard of them.

But if you want yield farming, then use those platforms that have been providing liquidity and has a lot of users. I wouldn't say that they're scam or not but as long as I'm not familiar to them.

I'm trying to avoid it and chooses a better platform.
jr. member
Activity: 64
Merit: 1
June 25, 2021, 03:11:27 PM
#1
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
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