Sunday, October 30, 2022

2022-10-30 Benqi Finance AVAX loop APR report

Let's collect the $QI- and $AVAX-yields on @BenqiFinance and do the daily report, shall we? 

Per my policy, I invest the $AVAX-yields into my @traderjoe_xyz sAVAX-AVAX LP farm.



This triggers yield-collection of $JOE- and $QI-yields.


You see how this works? I make yields yield yields. 

The $JOE-yields I stake as $sJOE which will, eventually, someday, yield $USDC-yields worth collection.


The $QI-yields from @traderjoe_xyz I combine with the $QI-yields from @BenqiFinance, swap them to $sAVAX on @yieldyak_, then SUPPLY that to @BenqiFinance. 


2022-10-30 @BenqiFinance $AVAX loop APR report





APY 12.13%
APR 13.47%

yields collected: 0.79 $AVAX and 1270.41 $QI on 2022-10-26
last time yields collected: 2022-10-22
yield collection cycle 4 days
With $AVAX at $18.16 and $QI at $0.008813 that is $6.39 collected per day (avg)

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