How often do you harvest at Pancakeswap?

Meta anggraini

full member

Activity: 602

Merit: 105

Quote from: ectbit on July 06, 2021, 09:03:14 AM

There is no auto-compound In Pancakeswap farms so you must harvest to take the rewards. But every time you harvest you pay a small fee, so what do you think is the best strategy to harvest your rewards?

Once a week?

I have farms on Apeswap, but only a little amount. So i decide not to do compound since i think the reward really so small and its will hurt me some fee to do it. But if you have a big stake, do it weekly or monthly will be good since compounding is really a great thing.

lucifur

member

Activity: 317

Merit: 73

Designing for everyone

I used to harvest in 2 weeks but as I've realaized I think that it is more profitable to just wait for a month since I don't really need money plus It's not that much of a money in my case since I only put in a small amount. I'm actually still nee to it and I'm still experimenting.

ectbit

jr. member

Activity: 64

Merit: 1

Quote from: OgNasty on July 07, 2021, 05:39:58 AM

Quote from: ectbit on July 06, 2021, 09:03:14 AM

There is no auto-compound In Pancakeswap farms so you must harvest to take the rewards. But every time you harvest you pay a small fee, so what do you think is the best strategy to harvest your rewards?

Once a week?

Why bother manually harvesting farms when you can just auto-compound pools? Seems like the higher % rate and savings of automatically compounding would be advantageous for those holding to earn interest. Do you find that you earn more than just auto-compounding CAKE in a pool and staking BNB?

I am not sure if is better to invest in a pool than in a pair in a yield farm. Do you think is better?

TribalBob

sr. member

Activity: 1330

Merit: 257

DGbet.fun - Crypto Sportsbook

I harvest once a month if I don't need money, but if I need it I usually wait for 2 weeks, the longer I harvest I think it's more productive than in a week, but if I get a profit faster I usually harvest and cultivate new land

devil2man

member

Activity: 759

Merit: 15

it depends a lot on the amount that one has invested under a few dollars in value it makes no sense to harvest, let's say that i make withdraws as soon as 1 cake is reached, it seems to me a good strategy

panjay

sr. member

Activity: 1079

Merit: 352

for me personally, I just want to secure my profit, first things first are my ROI, I will dump every single day until I reach my ROI..the first a few hours-days can be very high APY, if it satisfy my need and I think already make a profit, I will take out MY lp and go find another farm.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: ectbit on July 06, 2021, 09:03:14 AM

There is no auto-compound In Pancakeswap farms so you must harvest to take the rewards. But every time you harvest you pay a small fee, so what do you think is the best strategy to harvest your rewards?

Once a week?

Why bother manually harvesting farms when you can just auto-compound pools? Seems like the higher % rate and savings of automatically compounding would be advantageous for those holding to earn interest. Do you find that you earn more than just auto-compounding CAKE in a pool and staking BNB?

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Quote from: ectbit on July 06, 2021, 01:46:44 PM

A little bit more than 1k in pancake and smaller amounts in other farming projects. Just trying to find what is the best method.

As long as your not risking too much of your portfolio that could affect your lifestyle, you can do whatever you want and maybe you can stumble upon something that is really worth something.

Quote from: ectbit on July 06, 2021, 01:46:44 PM

2. You never enter a new farm with a "shitcoin" the first days. It's 100% that it will go up for 2-3 days because of the hype and then it will fell dramatically, so if you buy it just for the farming you will lose more than 30-50% because of the dump.

Maybe if you can take advantage of that coin by either looking for a way to get it before it releases or buy when it's super dumped and hope for the best for it to go up. Something like that lol.

Quote from: ectbit on July 06, 2021, 01:46:44 PM

In my opinion staking and specially yield farming is a huge "economic world" with many paths.

I do believe it's one of the paths that we could take so that we don't get too "energy-hungry" and be blamed for the environment lol.

ectbit

jr. member

Activity: 64

Merit: 1

Quote from: crwth on July 06, 2021, 12:55:06 PM

Quote from: ectbit on July 06, 2021, 12:08:15 PM

No, because compounding manually is very expensive, specially with small amounts. For example, if your reward is 1 dollar per day and every day you harvest and then you add your reward in your pool, you will spend more than half of your reward in fees every day.

So basically, don't harvest every day and just let it bear fruit continuously and just prune it once you had enough? Or the rewards won't take over unless you prune it?

Did you invest a lot in this?

A little bit more than 1k in pancake and smaller amounts in other farming projects. Just trying to find what is the best method.

Till now i am sure for two things.

1. You must never harvest daily because of the fees

2. You never enter a new farm with a "shitcoin" the first days. It's 100% that it will go up for 2-3 days because of the hype and then it will fell dramatically, so if you buy it just for the farming you will lose more than 30-50% because of the dump.

In my opinion staking and specially yield farming is a huge "economic world" with many paths.

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: crwth on July 06, 2021, 12:55:06 PM

...
So basically, don't harvest every day and just let it bear fruit continuously and just prune it once you had enough?

This is ideal so you can save on gas fees. The "enough" is subjective but it should be a lot more than the cost of harvesting.

Quote

Or the rewards won't take over unless you prune it?

The rewards pending harvest is like cash sitting in your wallet. It doesn't give you anything unless you harvest and reinvest it again to a staking pool or to another farm.

A staking pool on auto-compound is different. You won't spend to harvest every now and then just to increase the amount you staked initially.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Quote from: ectbit on July 06, 2021, 12:08:15 PM

No, because compounding manually is very expensive, specially with small amounts. For example, if your reward is 1 dollar per day and every day you harvest and then you add your reward in your pool, you will spend more than half of your reward in fees every day.

So basically, don't harvest every day and just let it bear fruit continuously and just prune it once you had enough? Or the rewards won't take over unless you prune it?

Did you invest a lot in this?

Yogee

sr. member

Activity: 1554

Merit: 413

The answer would also depend on what you are going to do with the harvested token and the current price. You would likely harvest your earned CAKE as soon as possible when you see price dropping quickly from $40 to $30 to $10. Sell at $30+ and buy back at $10+ then stake or farm. The effect of fees on your pocket in this case would be minimal.

Review Master

sr. member

Activity: 1456

Merit: 280

BitByte Crypto: https://link3.to/bitbytecrypto

Quote from: ectbit on July 06, 2021, 09:03:14 AM

There is no auto-compound In Pancakeswap farms so you must harvest to take the rewards. But every time you harvest you pay a small fee, so what do you think is the best strategy to harvest your rewards?

Usually, auto-compounding is available only for pools, not for farms. So that's right about paying fees whenever we harvest our rewards from farms. Though farms are quite risky because of price volatility of those pairs. TBH, one week is great for harvesting but we could do it daily if we get huge rewards because of staking high volumes in those farms, IMHO. Wink

ectbit

jr. member

Activity: 64

Merit: 1

Quote from: crwth on July 06, 2021, 10:23:59 AM

I don't have any experience with this but when it comes to investments in compounding, I'm all in for it. Anyway, do you really have to have that auto-compound thing? Maybe you can just manually do it and change what you invest/harvest with your investment? And then once you had enough and you have your strategy towards withdrawing, then you can save up with the fee. Is it not possible?

No, because compounding manually is very expensive, specially with small amounts. For example, if your reward is 1 dollar per day and every day you harvest and then you add your reward in your pool, you will spend more than half of your reward in fees every day.

That's why i am looking for the best strategy in this process.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

I don't have any experience with this but when it comes to investments in compounding, I'm all in for it. Anyway, do you really have to have that auto-compound thing? Maybe you can just manually do it and change what you invest/harvest with your investment? And then once you had enough and you have your strategy towards withdrawing, then you can save up with the fee. Is it not possible?

mobtc

member

Activity: 206

Merit: 13

www.cd3d.app

I always buy the latest altcoins on pancakeswap, such as titan, LMOOSE，etc.
I'm very happy to be able to get huge wealth.

Silver80

full member

Activity: 728

Merit: 104

I don't think there is anyone who doesn't use gwei or gas for swap cutting or sending, I hope this is appropriate

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

If you have staked a small amount then it is worth a penny to harvest every week. In my opinion it is better to harvest once a month regardless of the amount you staked.

The percentage APR shows big but actually the amount you earned shows less when you harvest weekly. It is better to gain profit monthly or every three month.

ectbit

jr. member

Activity: 64

Merit: 1

There is no auto-compound In Pancakeswap farms so you must harvest to take the rewards. But every time you harvest you pay a small fee, so what do you think is the best strategy to harvest your rewards?

Once a week?

Topic: How often do you harvest at Pancakeswap? (Read 179 times)