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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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>"DeFi farming token, KIMCHI is becoming the hottest in yield farming. We are left to see how the KIMCHI token, a fork of Sushi will play out in the coming days."
>"DeFi farming token, KIMCHI is becoming the hottest in yield farming. We are left to see how the KIMCHI token, a fork of Sushi will play out in the coming days."
It is crazy to see how many people are locking their capitals in unaudited smart contracts, due to the high annual percentage yield (APY) per se. KIMCHI, which arguably hasn’t lived up to a day, reportedly locked up about $500 million in value all from staking activities. However, the figure reportedly went down to as low as $150 million along the line, following a similar trend as YAM.
It is crazy to see how many people are locking their capitals in unaudited smart contracts, due to the high annual percentage yield (APY) per se. KIMCHI, which arguably hasn’t lived up to a day, reportedly locked up about $500 million in value all from staking activities. However, the figure reportedly went down to as low as $150 million along the line, following a similar trend as YAM.
If anybody can’t see what’s coming, they need to put down their hopium pipe for a few minutes. There is going to be a very high value bug exploit at some point, and I wouldn’t be surprised if it’s an inside job for one of these tokens.
If anybody can’t see what’s coming, they need to put down their hopium pipe for a few minutes. There is going to be a very high value bug exploit at some point, and I wouldn’t be surprised if it’s an inside job for one of these tokens.
I like sushi more than kimchi) !! The DeFi scam season is coming.
I like sushi more than kimchi) !! The DeFi scam season is coming.
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