Farming strategy

Hello everyone,

I just wanted to provide my farming strategy in hopes to get some possible feedback, recommendations or maybe some advise on how to maximize my gains.

Currently, within the MM finance, what I do is:

Initial capital: $500

STEP 1: 70% of the initial capital goes to a low risk, which for me is CRO-USDC/USDT farm.

STEP 2: 20% goes to a medium risk which for me is CRO-MMF

STEP 3: 10% goes to a higher risk farm which for me is MMF paired with a new coin launched which usually has a higher APR.

The main goal is to increase the low risk farm which is where the main capital is.

All the harvests that come out from STEP 1 goes split 50/50 into STEP 2 and STEP 3.

The harvests from STEP 2 and STEP 3 goes back into STEP 1 and so on and then repeat.

I’m still working on how to exactly finalize the profits whether after a certain amount of money is made, I should swap it to USDC and stake it somewhere but I think this is my plan so far.

I would really appreciate any recommwndations, feedback and/or advise on my farming strategy or if you have qnother strategy that I could look into, that would be amazing as well. Thank you everyone!

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2 thoughts on “Farming strategy”

  1. Personally, I would change one thing. When you harvest from step 1, instead of deploying 50/50 into steps 2 and 3, I would do 50/50 into steps 2 and a stable coin which you would then lend out or stake wherever so you can secure some profits.

    Step 3 is highly volatile, high risk/reward. It’s basically gambling money, money you can afford to lose.

    If it’s high IL or one token dumps, you don’t want to keep feeding that and eating into profit.

    With the change you can still compound steps 1 and 2 and secure some stable profit.

  2. I replied to your other post in MM, but wanted to add this.

    Another risk mitigation approach could be to split between different platforms. The Cronos chain and MM finance are both relatively young. I believe in them, but it does come with its own set of risks (audits not yet fully done on all their defi “products”). You could do your “safe” (Step 1) farming on another chain in a platform that is established for a longer time and fully audited. You would DEFINITELY lose in terms of gains, but that’s what comes when lowering risks.


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