I Put $10,000 Into the Riskiest DeFi I Could Find for 24 Hours; Here’s What Happened

Rob
5 min readJun 6, 2021

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A couple of days ago I went down the rabbit hole of recursive lending and extreme liquidity farming on Polygon. My step-by-step article generated some interesting discussion on r/defi, and a few folks asked me for an update.

Before diving in, I have to give a caveat that I didn’t take careful notes the first time I did this, so the numbers below are from a second experiment I made where I isolated everything and took care to keep the numbers clean. I also skipped the lower-yield interest…

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Rob

Leader of software engineers. Crypto enthusiast. Amateur bicycler.