2022-11-02 Benqi Finance AVAX loop APR report

Okay, now let's 'do' @BenqiFinance.

I start by collecting the $AVAX-yield only. Why? Because that gets swapped to $sAVAX on @KyberNetwork, paired with $AVAX, then staked on @traderjoe_xyz 

This triggers a yield-harvest of $QI and $JOE, and that's why I held off on the $QI.

Before I do anything with the $QI, I stake the $JOE as $sJOE to earn $USDC yields on @traderjoe_xyz 

With the collected $QI-yields, I swap them to $sAVAX, but recall that I transferred $AVAX here from Coinbase this morning. I swap that, too, to $sAVAX on @KyberNetwork. THEN I supply that $sAVAX to @BenqiFinance, and borrow back only half as much as $AVAX.

After that evolution, Avalanche, 2022-11-02, is as follows: 

What does this chart (PT) say?

Fully 85% of my $AVAX is staked.

Think about that.

It also says I need to put more into $GMX and $GLP.

So, let's do that next.

But first: 2022-11-02 @BenqiFinance $AVAX loop APR report

APY 12.55%

APR 103.72%

total yields collected: 2.22 $AVAX and 3551.32 $QI on 2022-11-02

yields, incept: 2022-10-22

yield collected for 11 days

With $AVAX at $18.39 and $QI at $0.008420 that is $6.42 collected per day (avg)

So, I swap 5.5 $AVAX ($100) for $GMX, then stake that on @GMX_IO, then the double swap 5.5 $AVAX -> $BTC.b -> $GLP, to minimize fees. 

$GLP doesn't need to be staked: you just HODL it, ... like $BTC, lulz.

The rest of the $AVAX I swap -> $USDC on @KyberNetwork -> $axlUSDC on @CurveFinance then bridge that liquidity over to @TeamKujira.

Assets are allocated thusly, 2022-11-02.