Before I do my daily @BenqiFinance report, I'll
1. supply, then borrow the $AVAX I transferred in just now
2. harvest and reinvest yields, ...
... which will trigger harvesting and reinvesting @traderjoe_xyz sAVAX-AVAX LP farm yields.
It's a process, it is.
- I swap to $sAVAX on Kyber swap.
- I supply the $sAVAX to @BenqiFinance
- I borrow back some as $AVAX.
Since I owe myself 250 $AVAX (for funding my @AaveAave loop position), I pay myself back 100 $AVAX.
54 $AVAX is my working liquidity for today.
- I collect the $AVAX-yields on @BenqiFinance
Then, as my wont,
- I swap those yields to $sAVAX on Kyber swap
- I provide sAVAX-AVAX liquidity
- I stake that LP on @traderjoe_xyz
This harvests the $JOE- and $QI-yields there.
- I stake the $JOE as $sJOE on @traderjoe_xyz
This harvests the $USDC-yield, which I pocket.
Now, with the $QI-yields from @traderjoe_xyz
- I harvest the $QI-yields on @BenqiFinance
- swap to $sAVAX on @yieldyak_
- then supply on @BenqiFinance
2022-11-18 @BenqiFinance $AVAX loop APR report
APY 6.50%
APR 17.45%
total yields collected: 7.69 $AVAX and 3551.32 $QI on 2022-11-18
yields, incept: 2022-10-22
yield collected for 27 days
With $AVAX at $12.97 and $QI at $0.005939 that is $4.48 collected per day (avg)
Analysis
You may say: "Oh, the yields ain't much, ..." Excuse me? Get 6.5% yields at a bank!
Okay, so, they aren't much, what, with the deflating $QI token and the de-valued $AVAX, but the APR is sweet, my frenz!
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