The DeFi craze is showing no signs of slowing down, as the Total Lock Value (TVL) across different protocols keeps increasing day by day.

As we mentioned this morning, the SushiSwap project, which is attempting to rival Uniswap’s pioneering decentralized cryptocurrency trading, by offering a liquidity bonus via SUSHI token has surpassed SushiSwap’s locked value of $1.2 billion.

Many people are taking advantage of the new project and placing their bets to win more SUSHI coins, as the price of the digital currency continues to rise.

Recently, a user on Twitter reported how he earns approximately $240,000 a day, with SUSHI coins.

Here’s how to do it:

$240,000 per day by SUSHI:

did One user named “HighStakesCap” shared his experience on Twitter, explaining how he earns $240,000 per day from SUSHI implants.

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I am raising 7000 ETH Dollar sushi And earn $56 every 20 seconds, $240,000 a day

I won’t do it for long, I don’t like that kind of risk but I’m fine with it before I win too much these days

Don’t do it if you’re not comfortable losing everything

I will definitely sell all my SUSHI for about $10

High Stakes Capital (HighStakesCap) August 31, 2020

He said he uses SUSHI worth 7,000 ETH to earn $56 every 20 seconds.

In other words, he is using approximately $3.3 million in SUSHI tokens to grow the liquidity pool as he has to share the same amount of Ethereum in Uniswap’s SUSHI-ETH pool for which he will receive SUSHI-ETH UNI-V2 LP tokens.

Then he has to participate in the SushiSwap protocol and earn around 2202% at the time of writing this article.

What are the risks of this process?

And things are not completely rosy, as there are many risks that can affect profits and even capital.

Where and in the scenario referred to by this user, there are at least two types of risks that the user should be concerned about.

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And both of these scenarios can completely wipe out your capital, which is why we recommend that you do not do this if you cannot afford to lose everything.

The risks associated with the smart contract may result in a complete loss of your capital.

The SushiSwap code has not yet been audited.

According to SushiSwap’s official announcement:

The code isn’t audited yet, but it’s simple enough for most Solidity developers to understand.

Please read the contract before putting your coins to the test

Everything is in a trial version, please use it at your own risk.

Earlier in August, a financial experiment that preceded SushiSwap, known as YAM Finance, surfaced.

It is a protocol that, like SushiSwap, has attracted nearly $600 million in less than 24 hours since its introduction.

It only took a day for developers to discover a fatal bug in the code, which resulted in so many new codes being minted that it became impossible to control the protocol.

Read:Cryptocurrency Ethereum is up 50% against Bitcoin and is close to breaking the previous record

Regardless of this, in the particular scenario presented by this user, there is a serious risk of non-permanent loss.

Since he is betting on two volatile cryptocurrencies, ETH and SUSHI, if they fall in dollar value while he bet, he may lose more money than he can earn.

Of course, it also depends on his investment strategy.

If the user holds ETH as a long-term investment, the above risk of non-permanent loss will be halved, and he will only have to worry about the price of the SUSHI coin.

In any case, this is a risky endeavor, and given the high fees of ETH, it is not practical to do so with a small capital.

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