Terra (Classic)
Rule #1: collect yields greater than $10, otherwise move on and come back the next day.
Kujira
Next, @TeamKujira.
I stop by ORCA: absolutely nothing has been happening here for more than a week.
The price of $KUJI on FIN reflect this stagnation.
Nothing to collect from BLUE, either.
@TeamKujira needs a much better $USK minting model. Don't charge the investor, please!
Harmony
Next: Harmony blockchain.
Fuzz
First, @FuzzFinance
And HOLY FVCK! the price-drop of $FUZZ made me sick to my stomach. G-d!
Let's collect the yields, convert them to $ONE, then have a think about what to do about this protocol, because it surely ain't.
Let's take a step back and take a hard look at @FuzzFinance.
- The APYs are ... good at ~100% at the highest, but that's a far cry from the 1000+% APY it lured my money in with.
- The valuation sucks. I came in with $1.5k, and it's now worth $1.3k
Here's where it gets interesting.
- The valuation is restored by the $236 in yields I've collected so far.
- I'm not interested in losing principal, and I'm not interested in a net-0 yield-vs-principal trade-off.
Consequently, I'm calling it on @FuzzFinance. I'm liquidating my LPs there and returning the funds to Avalanche.
$FUZZ may, someday, sky, perhaps when liquid staking is instituted and gets its own stride, but until then, I'm not watching my principle disappear with its price.
I split the LPs into their component parts then swap everything to $ONE on @FuzzFinance
- I swap the $ONE to $JEWEL on @DefiKingdoms (whilst I still can)
- then I bridge the $JEWEL to Avalanche using @MultichainOrg
Note: there's a bit of a fee, as I'm bridging so much $JEWEL.
Then I swap the $JEWEL to $AVAX on @pangolindex.
I had to do 2 swaps to minimize the slippage.
The total swap came to 63.15.
The $AVAX I earned from $FUZZ-yields was 15.58.
Totalling 78.73 $AVAX.
My self-loan was 80.787, so I've lost: 2.14 $AVAX in this experiment?
Nupe!
You're forgetting (or, more accurately: I forgot) that I have 10,001 $ONE being unstaked.
That'll convert to more than 2.14 $AVAX. In fact, at today's prices, that converts to ~11.13 $AVAX.
So, I'm walking away from my @FuzzFinance experiment with ~9 $AVAX gained.
NOICE!
Unite.fi
Osmosis
Avalanche
Trader Joe
Benqi
Back to Benqi
- 50% I SWAP to $sAVAX on @pangolindex
- 50% I SUPPLY to @BenqiFinance marketplace.
Self-Loan-...ing
- I SWAP $AVAX to $sAVAX on @traderjoe_xyz, which has the best swap-rate for $sAVAX
- then I SUPPLY that $sAVAX to @BenqiFinance
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