Some of the latest miners to rugpull. Invest Cautiously.
The latest defi miner (that I know of) to rugpull is BUSD Farmer. I didn’t invest in it, and I didn’t promote it, as it looked suspicious from the start.
The code and setup looked extremely similar to BNB kingdom and USDC Farmer, both of which also rugpulled. I didn’t invest in, or promote, either of those either.
A short while ago I wrote about two other projects that looked like scams too, you can read that article here.
I do invest in a wide array of staking protocols and farmers as I like to keep the passive income flowing when one project ends, but I definitely don’t go wild and just invest in every available platform; there is still a way to be cautious in a high-risk environment.
A lot of the gains I make in the high ROI miners I use to increase my positions in the lower risk platforms such as Drip, Piston and Furio, especially as the prices are so low at the moment.
Currently I am really liking the simple, stable miners such as DinoBUSD, StableFuel and, most recently, BUSD Automine.
Additional Things to Note:
- I’m not a financial advisor. This is not a financial advice, whatever you read in my articles are strictly for educational purposes.
- These defi projects are all high risk and high reward, only use risk capital and be careful.
- This article contains affiliate links.
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Disclaimer: I am not sponsored by any of the projects/companies mentioned in this article. This is not financial advice, the information in this article is for educational purposes only. Never invest what you can’t afford to lose. I disclaim any liability or loss incurred by any person who acts on the information, ideas, or strategies discussed in my articles. Do Your Own Research.