REKT: I tried PancakeSwap’s “Degen Mode” at 750x Leverage So You Don’t Have To
1 min read
Disclaimer: only invest what you can afford to lose.
So here’s a mini review of PancakeSwap’s new-ish “Degen Mode” available at 500x or 750x leverage:
750x Leverage?! Why not? …good thing I only put in $20 USDT as a test.
You can choose your Take Profit with the predefined +50%, +100%, +200%, +300% or type in your own value, this can be changed clicking the pencil icon under the TP/SL column once your position is opened. But clicking that doesn’t allow you to set a Stop Loss on the pop-up, so it seems like you have to click “Close” position manually.
The UI seems a bit slow since it needs to embed TradingView and there are some bugs that didn’t render the JSON text properly in the info pop-up:
And what do you know! I got liquidated and lost 20.52 USDT, lol:
So yeah, this thing is really dangerous and you could lose a LOT of money if you don’t know what you’re doing. Stay away!
submitted by /u/Sheeple9001
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