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Phoenix Reviews

4.3 Rating 65 Reviews
88 %
of reviewers recommend Phoenix
Read Phoenix Reviews
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Anonymous
Anonymous  // 01/01/2019
earning passive income via phoenix, result is much better by ma than crypto trading via binance. The Cruise program offers a good balance of risk and reward, recommend.
Helpful Report
Posted 5 months ago
As a liquidity provider on Phoenix, impermanent loss concerns me. However, it's often unrealized. Waiting for transaction fees or staking rewards has helped offset losses in numerous occassions, while market volatility may eventually subside.
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Posted 5 months ago
i trusted Phoenix for my yield farming from the get-go because it integrates easily with some of the top DEXes and automated-market-maker protocols like Uniswap. Just like Uniswap, Phoenix ensures reliability and liquidity.
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Posted 5 months ago
Using Phoenix's web app for PC, I effortlessly allocate my risk and track yield growth over time. Its user-friendly interface simplifies the process.
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Posted 5 months ago
Having experienced a rug pull before, I'm grateful for the one full year of security and trust with Phoenix. With their transparent approach and solid protocols, I feel confident in my portforlio, free from the worry of scams.
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Posted 5 months ago
recommend, no problems so far, good opportunity to invest
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Posted 6 months ago
I've found that yield farming offers better transparency and lower risk compared to traditional trading. Unlike trading, where success demands immense discipline and emotional control, yield farming operates differently. I prefer that I don't need to be physically present or constantly monitoring the markets like I do with trading. With yield farming, the rules are clear, and there's less room for manipulation by brokers. It's a more straightforward approach that aligns with my preference for transparency and reduced risk in the crypto space.
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Posted 6 months ago
Safety is a top priority when it comes to smart contracts, and I've been closely researching Phoenix's team track record in this regard. Over the past five years, they've launched multiple smart contracts without a single incident of a hack or breach. Their destination smart contracts have handled billions in liquidity transactions without a hitch. This track record speaks volumes about their reliability and security measures. With such proven stability, it's no wonder I've chosen Phoenix for my yield farming endeavors.
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Posted 6 months ago
When I first encountered Phoenix, I'll admit, it was a bit daunting. Nothing quite like it existed on the blockchain, and I had my reservations. However, after three months of giving it a try, I can confidently say that it works. What's especially reassuring is that my funds aren't locked up, giving me flexibility and peace of mind. For newcomers, it's natural to have questions about how it all works, the technology behind it, and the associated risks. I've been there, and I understand the curiosity. But with time and experience, Phoenix's innovative approach becomes clearer, and the benefits become apparent.
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Posted 7 months ago
Knowing that Phoenix sources its yield from trusted exchanges reassures me in my decision to work with them. By parking capital on high-quality decentralized exchanges (DEXs), Phoenix ensures that my assets are in reliable hands. They prioritize security and stability over chasing higher returns, which aligns perfectly with my risk tolerance. With links to live liquidity pools from top DEXes like Uniswap, I have trust that my assest are in safe and capable hands with Phoenix.
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Posted 7 months ago
I rely on Phoenix because they leverage TraderJoe, a secure decentralized exchange offering automated-market-maker solutions, to source yield. TraderJoe provides a trusted environment for Phoenix to connect and contribute liquidity to pools, ensuring transparency and security in its yield generation process.
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Posted 7 months ago
I trust Phoenix because they prioritize security and stability when sourcing yield. They focus on high-quality decentralized exchanges (DEXs) where digital assets are traded around the clock. UniSwap, the largest DEX known for its reputable status, is one of their primary sources. By providing liquidity through live SAAS pools on UniSwap, Phoenix ensures that trades occur smoothly and securely.
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Posted 7 months ago
Similar to Uniswap, Phoenix places a strong emphasis on user autonomy and security. I can stake my assets directly from my wallet, eliminating the need for intermediaries and enhancing my trust in the system. Moreover, Phoenix's robust security features, such as whitelisting and 2FA, ensure that my funds remain protected.
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Posted 8 months ago
The app's design is not only visually appealing but also incredibly intuitive. Staking and farming crypto has never been this seamless. The team behind Phoenix seems dedicated to innovation, regularly adding new features and optimizing the platform. I've seen consistent and impressive returns, and the community aspect, with forums and discussions within the app, adds a nice touch.
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Posted 8 months ago
I found the Phoenix app easy to install. The straightforward installation process made getting started with yield farming a quick. It's great when a platform prioritizes user-friendly interfaces, and Phoenix certainly excels in this aspect. The simplicity of the app installation added to the overall positive experience, making it accessible for users at various levels of familiarity with decentralized finance.
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Posted 8 months ago
I quite like the regular webinars that Phoenix conducts. They do a great job of keeping me updated on important developments in the crypto space. Staying informed about market trends, new features, and potential strategies through these webinars has been invaluable for making informed decisions in my yield farming journey. It adds a personal touch to the platform, making me feel more connected.
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Posted 8 months ago
I've come across several disadvantages on various platforms. However, Phoenix has pleasantly surprised me by addressing these issues. Unlike some other platforms, I haven't encountered impermanent loss concerns or faced excessive gas fees that can eat into profits. Phoenix seems to have effectively navigated these common pitfalls, providing a smoother and more user-friendly yield farming experience.
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Posted 8 months ago
Unlike some others, there are no lockups or restrictions. It's great to know that I can withdraw both my capital and the fees I've earned within just an hour. This freedom to access my funds quickly.
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Posted 8 months ago
The webinars are quite valuable for me. They consistently keeping me well-informed on maximizing my yield and using the platform. In each session, the webinars shed light on the intricacies of how Phoenix operates, emphasizing its user-friendly interface and performance metrics. The real-time insights not only showcase the platform's functionality but also empower users like me to make informed decisions.
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Posted 9 months ago
I can withdraw both capital and fees within hours, eliminating counter-party risks. The yields, ranging from 7% to 50%, depending on the risk variant, are good if you ask me, especially considering the risks are limited to Ethereum and Bitcoin prices.
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Posted 10 months ago
Phoenix is rated 4.3 based on 65 reviews