It was 2008, a year just after the Great Financial Crisis. Lehman Brothers had gone down and like every other business school graduate, I was looking for a banking job.
Needless to say, it was a difficult time and I’ve learned a lot from the process which I’ve been able to apply for myself and use to help a number of friends secure job offers
Being in the cryptocurrency space is all about finding that token that can make massive gains, some believe that it would be the large coins such as Bitcoin, Ethereum or Zilliqa and others think it would be the smaller, more obscure tokens such as Safemoon or Cumrocket that would give that x1000 return. In other words, we are looking for that next investment that can moon!
There are tens of thousands of cryptocurrency tokens these days with new tokens being launched every day.
The question then is how we identify a token that has:
For those who have followed my journey with GoCerberus, you would know that I originally “invested” into the token GoCerberus with the intention of getting some nice yields and getting out.
While I bought in at around 1.8 cents, the price started to creep down and down to about 1 cent upon which I decided it’s time to exit. Although there were some losses I felt better to exit before it drops more.
4 days ago, I wrote about my experience with Cerberus Finance on how it was yielding a simple APY (annual percentage yield) of 4,000% and the risks I was looking out for.
Today I will be providing an update on how these risks have turned out.
A. 9% tax on each transaction: As always, the 9% tax remains.
This article sums up my experience with the Cerberus token, using the protocol to provide liquidity to earn from yield farming and the risks that I am watching out for.
Being curious I had a look and saw that by providing liquidity pairs of Cerberus-stablecoin I would be able to get an APY, annual percentage yield of 4,000% percent.
A) 9% tax on every transaction: Buying Cerberus tokens incurs a 9%…