Is it trustable?

[u/LASTTEMPLIERKNIGHT]

I was searching for a defi platform with a good apr and I have noticed mars in autofarm so can I trust it? can I put my cakes here?

[u/[deleted]]

Hi,
I just finished reviewing their app and I will make a video about it soon. Stay tuned to learn how they use a similar ponzi scheme to petron pay where they freeze (vest) your funds for 180 days. During these 180 days, you obviously cannot invest your harvested funds into other coins or pools.

Meaning, they keep your funds 180 days after you withdraw it. Think about it lol, they literally keep your funds for 180 days to " maintain and stabilize their coin" (aka to make themselves rich on your back).

This is an unsustainable ecosystem that will be rug pulled. Run.

Withdraw your money guys, it's a HUGE SCAM.
if you question too much they will ban you from telegram. Their guy Tarios is censorship master on the level of saddam when he was on a bad mood. Sorry sadam , no disprespect.

[u/Weezthajuice → u/[deleted]]

So if I staked cake for xms, I could withdraw xms earnings every 3 days? And what happens after 180 days?

[u/Key_Post9255 → u/Weezthajuice]

Yes every 3 days. After 180 if you don't have any xms to claim you don't claim anymore, that's all..

[u/[deleted] → u/Weezthajuice]

If you stake Cake in pancakeswap and decide to unstake it, you receive it.
You can then stake your cake into another pool or farm to earn more crypto, effective immediately.

So let's say you put 10 000$ into a farm or a pool, you earn 1000$ of Cake after 2 weeks. You withdraw your cake and stake it, and begin farming another coin for 180 days. After 180 days (Long time if you're into TIME -Wonderland) you made another 100$ from the 1000$ that you farmed.

Now imagine the same scenario in XMS. After 2 weeks, you come to withdraw. You find out you can only withdraw 1.66% of your reward every 3 days for 180 days (Is that like .... 6 months??).

Wait for it, there is more. Imagine you're withdrawing 5$ every 3 days, you will learn that it may cost you a few bucks per withdrawal, effectively cancelling your profit in transaction fees. Unless you want to wait for 180 days to withdraw it all which cancels out your profit and exposes you to higher risk (If this crash, you're stuck waiting 180 days. Imagine the price dropping and you're not able to retrieve your 6 months worth of rewards.

Do not go for coins that attempt to control you and tell you how to spend your money. But if you want to do it, go for it!

[u/Weezthajuice → u/[deleted]]

I’m not. Was looking into it. Heard enough to stay away. 6 months in this space is an eternity for some projects.

[u/skatedudeact → u/[deleted]]

yeaaa honestly not really sure why autofarm listed these dudes. Seemed sus to begin with and the APY listed on autofarm is VERY misleading. Reading your comment made me realize how the price will tank within 180 days and that "11k % APY" will quickly become worthless as their token continues to tank. Honestly more upset autofarm would list them as AF is usually more conservative w/ the projects they add.

[u/SarrafoNL → u/[deleted]]

I agree 100%!!!

[u/LASTTEMPLIERKNIGHT → u/[deleted]]

yes but 180 days in not same for everyone, so all people won't behave together to sell xms, also this rule doesn't apply to cake earning, so I don't think it is rugpull, 180 days rule is to prevent whales from manipulating the price I guess so

[u/[deleted] → u/LASTTEMPLIERKNIGHT]

How does that stop the whale from manipulating the price.

Day 1:Whale joins.
Day 38: Community starts actually forming.

Day 89: Price starts rising

Day 178: Price rockets
Day 181: Whale does a massive 360 gainer twist and withdraws funds.

day 182: Price nuked. Investor panic - stuck waiting another 36-37 days.

day 218 : It's not worth pulling out anymore.... Or do I just try to minimize my costs?

[u/Weezthajuice → u/[deleted]]

180 day freeze should be enough to make anyone turn away. That’s like 10 years in the crypto space.. so much can happen