I am *this* close to pulling the trigger on depositing my tBTC on Hydration from my April DOT rewards into the juiced/hydrated single-asset liquidity pool. 13.5% APY (via token emissions) on BTC feels pretty sweet ngl
Only question I have at this point is whether there is some underlying risk that I'm not aware of? Obviously smart contract risk always exists in DeFi endeavors, but I got smoked on Bancor via single-side LPs (with supposed impermanent loss protection) when 3AC blew up. Would prefer not to repeat that 😂
Read through the docs and pool disclosures and couldn't tell if I was missing anything - docs are well maintained, but couldn't find a specific answer to my very niche situation...want to do this because I'd really love to be getting passive yield on my BTC.
Anyone got the inside scoop here?