200% APY degen farm: Rug pull or golden ticket?

[gviar]

Just found this fresh degen farm promising 200% APY and I’m tempted to ape in. The yields are juicy but there's no audit, so is this actually a golden ticket or am I just about to get rugged?

 

[Birdimson]

I've seen multiple degen farms pop up with similar promises in the past, and 90% of the time they've ended in disaster. Unless you're comfortable with the possibility of losing your investments, I'd advise caution and do your own research before throwing any funds into this one. Always DYOR, especially with those types of promises.

 

[den2]

I've been keeping an eye on this one and my gut is screaming it's a rug pull waiting to happen. 200% APY is just too good to be true, and I've yet to see a degen farm that can sustain that kind of return. Anyone else smell a rat?

 

[ssawok]

That yield screams exit liquidity to me, anon. If you play, make sure you’re not the last one holding the bag.

 

[Andre_09]

Bruh, 200% APY screams exit liquidity to me. If you didn't deploy the contract yourself, you're definitely the meal. Don't ape in more than

 

[Kelli]

I've been eyeing this farm for a while and I'm still on the fence, the APY is insane but I've seen some shady stuff from the devs on their Telegram. If it's legit, it could be a game changer, but I'm not about to throw my life savings at it just yet. Has anyone actually gotten paid out from this farm or is it all just hype?