I use to think like you do about Piggy and I asked Limi a few times to remove the fee.but after some time I realized the fee is fair, these pools pay out 30% to 1000% a year, I as an investor can fork up 4%.
They do not allow that on viper, loot, defi kingdoms, piggy bank, the valleys, or rain. Some times a day, if you are looking for flash loans to get in a 20,000 APR pool for two hours and withdraw with no fee the devs are not allowing that that is the reason for for the fees along with site maintenance, up keep and moderator pay. Not Financial advise but if you plan to do single stake pools the 4% is usually made back within a week or less. If a whale buys a massive amount of the governance token the price goes up and the whale can use a higher apr pool for no fee. The same is not true for One ETH or any other token not native to the site, where a whale can just come in drop a massive amount in the pools, drain the apr, and leave.that's not fair for anyone. The native governance tokens do not have to have to fees because price adjust with every purchase so the token price reflects that on the site across the apr pools. The fee promotes people to stay in the pools longer. It to deter people from flashing on high apr pools. Nothing about a 4% fee is a warning sign. Farm LP's are one of the highest risk investments you can make, my experience is based around LP's but normally starts with singles stake. V Fat tools (used to manage harmony one farms for people farming multiple sites) - Įdit : For the sake of players, and the safety of farming rookies. Any way to view true apr on any farm use V Fat Tools as that gives you consistent and trusted results. Also The valleys has a error showing apr because it is based off of baby jewel and the contract only reads down to a certain amount of decimals before being thrown off. Hey many of you know but there are many farms on harmony one and I am going to leave a few links to people who do not, these are strictly farms with real apr.
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