We share the wins, we share the learnings.
I've been cooking in DeFi, but chasing a high-yield LP, I got absolutely washed. Multiple times, my Hype/Plasma pool went 100% XPL, and by the end of it, I was down ~30% (more than fees earned by A LOT).
So what's the lesson?
There are a few, but there's one big one: I left my strategy at the door to chase yield.
Previously, I'd been LPing assets I don't mind holding - pairs that included assets like ApeCoin, Hyperliquid, ETH, and Solana. And, I have those staking and in vaults to help offset impertinent loss.
Conversely, I have no longterm thesis on XPL, no vault/stake strategy, didn't intend to hold it beyond the LP, and was simply looking for APR on fees. And, when the LP cleared, I chased it again. And again. Don't do that.
I'm always aware of the risks of any new industry, and this was an expensive, but important lesson. Glad I learned it.
Back to the strategy!
Onward we go 🤙
btw I put the down cash into $hype so we’re slowly trying to recover.
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