Hi,
could you kindly answer me this question, as I am trying to educate myself and also reap some yields:
"you need to supply liquidity on the YLA-USDC Sushiswap pair first. When you received SLP tokens from this pair, you have two options:
Sushiswap Onsen program (now it offers ~18%)
-> this option requires only SLP tokens from the YLA-USDC pair. Note, that you can instantly withdraw the only ⅓ of Farmed SUSHI while ⅔ are locked for 6 months."
Can you tell me why I would subject myself to impermanent loss over a time frame of 6 months by providing equally $5k YLA/USDC to farm up the SLP tokens, then buy some 800 CVP to ultimately discover that the farming option to earn CVP has ended?
Edit: I have answered a couple of these questions myself: if liquidity is provided to the YLA-USDC pair the danger of impermanent loss is minimized since it can be considered a stable pair (YLA is based on a basket of stablecoins backed yVaults).
Also, the SLP token is shortly provided to your (the liquidity supplying) wallet, so you can proceed to farm (with CVP boost) in the ""YLA-USDC Sushiswap LP Token and Earn CVP""-Pool on powerindex.io.
As the acquisition of SLP tokens does not constitue as swap, I need to actually wait a considerable amount of time until I can start farming CVP with SLP and staked CVP to earn CVP. By then, the party might have long ended.
Edit: as to this, I can say that there is no "time loss" between providing liquidity to the YLA-USDC pair on Sushi.com and being able to vest it into ""YLA-USDC Sushiswap LP Token and Earn CVP""-Pool on powerindex.io. Provided you possess the necessary funds to vest in, you are able to start farming shortly after you provided liquidity to the Sushiswap-Pool mentioned above.
What you say?