These rates look like dogshit. Even celsius, blockfi, crypto.cim are much better

Margin lending on places like binance, rook, etc is the next step up

Then even higher than that would be a stablecoin pool in whatever yield farm is hot (either a solo coin or a LP of two stables)

Then even higher is a LP between a stable and a "legit" coin you are neutral to bullish on (ETH/USDC)

then even higher is two assets in a LP you are neutral to bullish on that you expect to move together (DOT/BNB)

Then the highest suicide sucker yields come from LPing the for the same token that the yield farm itself is cranking out. Can be wildly profitable if you get in the pool right at the start (coin pumps after you buy it, plus ridiculous yield). If you're late you'll lose your ass (not profitable to farm at a 30% DAILY return if the coin drops 60% in one day after the pump)

(http://www.autoadmit.com/thread.php?thread_id=4772277&forum_id=2#41991939)

e.g. I had my ETH in LPs with stablecoins when it mooned from 1200 - 2000 in a couple months, and the IL was only like 1.4% after the trading fees (or about 5 days of farming yields to cover it). During today's dip, it probably would have been in the green if I had kept those LPs (trading fees cumulatively more than IL). Usually you won't have IL if you hold for a long time unless it's a complete moon or tank. There are dips and retracements, rate of mooning slows, eventually LP trading fees will generally catch up. And that's not even counting the actual return from the farm itself.

I'll look at the apys and what tokens are involved and tell you what looks good.

(http://www.autoadmit.com/thread.php?thread_id=4772277&forum_id=2#41992671)

these are pools that you should ONLY be in if you are bullish on the RAY token. I haven't done any research into it so I have no price projection on RAY. But use early sushi when the farming started as a model. price started low, mooned, started grinding down, then absolutely cratered all within a couple weeks. Eventually it recovered many months later when the project turned out to be legit. Another would be value defi. Token hit like $100 during the pump, ground down over a period of months, crashed as low as a couple bucks, then eventually when the project was resilient recovered to $7. It may be early enough that you get in on the upside of the pump and can get out with a gain.

I pretty much *NEVER* LP for the same token I'm farming. I LP two tokens I'm comfortable holding, then just dump what I farm to buy more of what I want to hold.

Not knowing anything about RAY, I assume that after initial pump/interest, the price is going to grind down from people just farming and selling (and it can crash hard all at once when people start seeing downside and withdraw their LPs and sell their RAY). Not sure what you can do with the RAY token yet, but I assume it's a while away from real uses/adoption and will go through a period of disinterest after the initial pump from people buying to pile into the farm. It's best to be a seller during that initial pump, and a buyer during the period of disinterest.

(http://www.autoadmit.com/thread.php?thread_id=4772277&forum_id=2#41993437)