Replies to post #31285 on Ripple (XRPUSD)

[trunovice]

So I'm just starting to get back into the game after a 6 week absence. From what I am seeing on this Flare Farm on DeFi Tactics,

1) We keep our $WSGB delegated to collect rewards like usual

2) We use the rewards we are getting and buy some $CAND so we can add them 50/50 to the Flare liquidity pool

3) We earn FLAREX here and we take this FLAREX and add it to the Flare Farm Yield Farming pool and we earn $DFLR/$SFIN

-or-

We withdraw the FLAREX converting back to $WSGB or $CAND

Or to play it safe and avoid potential "Impermanent Loss", we buy $CAND and/or $DFLR and add it directly to Flare Farm Yield Farming. Earning $DFLR/$SFIN

Sound about right?

I was also wondering if it makes sense to un-delegate my WSGB and place it all in this pool? Would I be earning more here or should I keep delegating?

[trunovice]

Disregard my last. Looks like everything changed a bit with the introduction of Flare Finance Version II. Looks much more simplified.