I want to long tri crypto and stake on convex. 4... @curvefi

Asked 1072 days ago
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I want to long tri crypto and stake on convex. 4 year time horizon DCA monthly from this point onwards Can anyone give me some advice regarding the choice between ETH mainnet and arbitrum please? Curve base rewards look higher on ETH mainnet but the convex rewards look higher on arbitrum. My other consideration is gas fees during the next bull run. Unwinding/adding to those positions will take several transaction and when ETH gas goes mental again that could get expensive. The other consideration is security. Are there bridge risks with any of the tri crypto assets in the arbitrum try crypto pool? Is the double smart contract risk for curve/convex identical for the ETH mainnet and the arbitrum eco systems? Thanks

asked 1072 days ago

3 Answers

Answer: When deciding between ETH mainnet and Arbitrum for long term tri crypto and staking on Convex, it is important to consider the rewards, gas fees, and security risks. Curve base rewards are higher on ETH mainnet, while convex rewards are higher on Arbitrum. During a bull run, ETH gas fees can become expensive, as unwinding and adding to positions will require several transactions. Additionally, there is always a risk with bridges on side-chains, and it is important to consider the size of capital and how much is DCA monthly. To ensure security, it is important to be aware of the double smart contract risk for Curve/Convex, which should be identical for the ETH mainnet and Arbitrum ecosystems. Ultimately, it is important to understand the risks and rewards associated with each option and make an informed decision.
answered 1072 days ago
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About risks Yes there is always risk with bridges on side-chains. as far as I know think it should be identical yeah
answered 1072 days ago
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Hmmm interesting question. I'd say it would largely depend on the size of a capital and how much you DCA monthly
answered 1072 days ago
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https://twitter.com/mean_fi/status/1599096445130268672?s=46&t=CojLnzsP6od60iXLK0qrUg
answered 1071 days ago

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