One of the most important things in crypto is not to overextend your yield farms too much. You shouldn't have "just a bit of money" in every protocol, because it's simply not feasible for a person to do that. Here's the facts: - You don't have enough mental bandwidth to track all the updates for all the projects you'd like; your brain isn't meant to track more than 5-8 at most. - You will miss crucial deadlines such as migrations, claims, forms, etc.; even though you can automate some of them, it's just not optimal. - Like Jez said in that one interview, why would you not bet most on your biggest conviction idea? - SC risk is a big deal, yes, and that's why splitting up a few passive farms beyond a few chains/projects is a good idea, but they should still be a hefty % of your portfolio. - It's the same as with splitting up wallets. Not splitting up your wallets doesn't allow for efficient sybiling (and also bad security-wise), but having 30 different wallets means more work,...
Show original
3.74K
35
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.