Daily @mirror_protocol APY/APR/Asset report, 2022-10-11
2 shorts ($mFB, $mGOOGL (grandfathered)), 12 long LPs
incept date: 2022-09-30
Invested: 21302.1 $UST
Mirror valuation: 20616.2 $UST
Accumulated yields: 91.53 $MIR
$MIR quote: 4.09 $UST
net APY: 99.74%
net APR: -7.10%
Analysis
What does this report mean?
A one-day 20% $MIR price-drop is a gut-punch, AND it's a downward trend, now, too, so: YUCK!
$MIR's price seems inverse to $UST price.
It's also affecting APR, still negative, only moreso now.
But: there are 300%+ APY farms still to be farmed.
YAY!
Farming
Okay. I've accumulated enough $MIR-yields to harvest them. WAT DO?
The Terra (classic) bridge is STILL down,
Applying the approach from the HOWTO,
- I first verify the highest-yielding farm: $mVIXY,
- then buy into that @SpecProtocol vault with $UST,
- then immediately withdraw from that vault as the mVIXY-UST LP!
IMPORTANT! --^
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