So $woo or nah? I have a ridiculous amount of Vechain, and stacking woocoin like a boss. Also cryptophunks. U Banking all that xrp?
I for the most part stay away from yield farming or highly degenerate coins. The only "risky" coin I'm involved in are CAKE and BABYCAKE.
CAKE is the token for Pancakeswap which is one of the two largest exchanges for the binance smart chain. Its a coin that is routinely offered high APY in decentralized finance.
BABYCAKE is new and far riskier coin but its an interesting concept because it pays out CAKE directly to your wallet for simply holding it. You don't need to be in a pool or staking it anywhere.
I was in VET since 0.009 and made a lot of money off it but I recently liquidated those profits into CAKE.
I have a ton of XRP and have been holding it over a year now so thankfully I got in cheap and have already grandfathered into long term capital gains on it. XRP holders are being blessed with a ton of free money from all of the airdrops that are scheduled to happen. Flare Network was announced last year and there was a snapshot of how much XRP everyone held back in December 2020. This number was used as a basis to figure out how much FLR was to be airdropped to XRP holders. Then another company called Flare Finance announced the development of their own dapp and that they would be taking a snapshot of FLR holders one month after the launch of Flare Network. So Flare Finance is airdropping DFLR which people have to then swap for YFLR which is the coin that will hold actual value. All of this is a decentralized finance network.
Well just days ago we got another bombshell news drop about this. Turns out Flare Network decided to create a permanent test network that runs in parallel. They call it a "canary network" but its a direct clone of Flare Finance using a different name. Its going to be called the Songbird Network, it will launch before Flare Network and XRP holders will be airdropped SGB for the Songbird Network. Well the news didn't end there because Flare Finance then said since this new testing network was being launched then they too will be launching ExFi aka Experimental Finance which is the name they're using on the Songbird network and ExFi will be airdropping SFLR.
So basically, I'm being blessed with a **** ton of free coins/money and all of these coins are being given to me to use in these decentralized finance networks to farm the assets I already own such as XRP, XDC, CAKE etc. I'm basically going to become my own bank in terms of loaning out my assets in the networks for a return.
The goal is passive income. Growing the amount of passive income I get on a daily/weekly basis so that its more than my current income. Which then enables me to retire altogether before even entering my 40's. I'm set for life.
I don't have time to get in depth on the rest of my portfolio but I'm currently holding XRP, CAKE, BABYCAKE, XDC, DOS, BID, ADA, BTR, ETH, VTHO and for shits and giggles a few hundred bucks of SHIB in case that piece of shit decides to pull a DOGE and pump hard as hell months down the road.
P.S. As a simple warning though, stay away from DOS. I have a feeling that is a chinese project that is at risk of death. Its the only investment I have I'm roughly $8000 in the hole on but frankly I don't give a shit since capital losses are only a problem when they exceed capital gains. And I'm far from that.
P.S.S. If you believe in VET, you should buy a fat stack of VTHO. Its dirt cheap and pumps hard as **** along with VET.