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Did I mess up? ( eth staking / beth liquidity swap question )

Binance

Cryptocoins Exchanges / Binance 223 Views

I think I messed up with my understanding of how it works. I had some Eth that I have no interest in doing anything with for a couple years so I figured that I may as well lock it into eth2.0 staking. Then, without doing my own DD like I should have ( 100% my own stupidity ) I got some Beth and instead of just leaving it alone, I decided to to add it to the eth/beth liquidity pool. I didn't really want to spend the time to learn more about it since I intended to just leave it there for a couple years and ignore it, but from my understanding I'd be able to exchange the beth I received back for my eth once the lock up period is over. And leaving it in an eth/beth liquidity pool should be fine since there wouldn't be risk of losing any. Now I'm starting to think that the whole 5 minutes I took to read up on it definitely wasn't enough. Should I remove my beth from the liquidity pool and just ignore it until the lock up period is over or is it actually fine there?

My thinking of liquidity pools would only be risky if you're using 2 cryptos ( let's use btc/doge for an example ) and then doge falls to 0 and you lose your money. But since this is eth/beth then I wouldn't be subject to that same risk. Am I an idiot that's going to look back at his account 2 years from now and wonder why it's 0 or was I right to think that would be chilled and don't need to think too much about it?

submitted by /u/DTF_Truck
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