Earnpark - crypto yield farming - reviews?
- Thread starter Nigital Domad
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didnt even look at it but im convinced its bad.
you can farm in tradfi now with options on mstr or msty. Much better than using some obscure crypto crap.
you can farm in tradfi now with options on mstr or msty. Much better than using some obscure crypto crap.
Not your keys, not your coins. Don't pick up pennies in front of freight trains. Just look at the history books of how many people got wrecked by Celsius, Soy Bankman Fried etc.
What an awful website, too, so hard to read and scroll through. Look at this:
What are the risks?
"We create strategies with various risk profiles that provide one of the best returns on the market. We do this by diversifying instruments, software, and algorithmic trading methodologies.
Profitability always correlates with risk! We do not claim to be risk-free, but in terms of strategy, we try to mitigate the risk to the maximum."
Lol, what a transparent explanation.
There needs to be more options for minting your own rewards, without needing shady middlemen. https://hex.com/howitworks is obviously one but like all alt coins is way down from it's highs a few years ago.
What an awful website, too, so hard to read and scroll through. Look at this:
What are the risks?
"We create strategies with various risk profiles that provide one of the best returns on the market. We do this by diversifying instruments, software, and algorithmic trading methodologies.
Profitability always correlates with risk! We do not claim to be risk-free, but in terms of strategy, we try to mitigate the risk to the maximum."
Lol, what a transparent explanation.
There needs to be more options for minting your own rewards, without needing shady middlemen. https://hex.com/howitworks is obviously one but like all alt coins is way down from it's highs a few years ago.
https://find-and-update.company-inf...any/OC442773/persons-with-significant-control
Seems like one of the PSCs (90, de passage Amsterdam) has his correspondence address in a hotel (this is what I see from Google Maps)... And the other one seems to be in the Party office of the Catalonian party in Barcelona, although it is written in a way that I am less sure about that one (harder to find on Maps).
Seems like one of the PSCs (90, de passage Amsterdam) has his correspondence address in a hotel (this is what I see from Google Maps)... And the other one seems to be in the Party office of the Catalonian party in Barcelona, although it is written in a way that I am less sure about that one (harder to find on Maps).
Would you feel more confident if they were easier to locate or based in some major city in a corporate office? Not sure I would.
FTX were seen as pretty above board and look what happened. Glad I never touched it, be even more annoyed looking at how much SBF investment in Anthropic is now worth compared to when administrators sold it.
FTX were seen as pretty above board and look what happened. Glad I never touched it, be even more annoyed looking at how much SBF investment in Anthropic is now worth compared to when administrators sold it.
FTX looked buttoned-up; you had the FTX Arena, other high-profile endorsements, celebrity partnerships, and investor backing. SOY Bankman Fried was in front of congress and on TV all the time. Still based in the Bahamas mind.
I am simply stating that, despite all that, they still collapsed. So even if Earnpark were more transparent about their directors and weren't living in a hotel somewhere, I still wouldn't go near it. Not your keys, not your coins.
I am simply stating that, despite all that, they still collapsed. So even if Earnpark were more transparent about their directors and weren't living in a hotel somewhere, I still wouldn't go near it. Not your keys, not your coins.
You posted that the correspondence addresses of their LLP Directors were a red flag.
Which they might be, but even if their addresses looked all fine and dandy, my point is that you should still not go anywhere near these services; they are not what crypto is about. Not your keys, not your coins.
And I compare to FTX as they looked "safe" - Blackrock on board, SBF public facing and in front of congress, looked to be getting on great with the regulators. Yet they still collapsed. So ALL firms of this nature are best avoided regardless of how transparent they appear. Don't pick up pennies in front of freight trains.
Which they might be, but even if their addresses looked all fine and dandy, my point is that you should still not go anywhere near these services; they are not what crypto is about. Not your keys, not your coins.
And I compare to FTX as they looked "safe" - Blackrock on board, SBF public facing and in front of congress, looked to be getting on great with the regulators. Yet they still collapsed. So ALL firms of this nature are best avoided regardless of how transparent they appear. Don't pick up pennies in front of freight trains.
Honestly, platforms like EarnPark scream “unsustainable.”
Anyone offering 35% APY on stablecoins is either taking insane risks or running a hidden ponzi.
The lack of transparency around actual asset management is a huge red flag.
If withdrawals slow down, you’ll be the last to know, and the last to get your money back.
Stick to something regulated or prepare to get burned.
Anyone offering 35% APY on stablecoins is either taking insane risks or running a hidden ponzi.
The lack of transparency around actual asset management is a huge red flag.
If withdrawals slow down, you’ll be the last to know, and the last to get your money back.
Stick to something regulated or prepare to get burned.
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