Saturday, November 19, 2022

2022-11-19 Benqi Finance AVAX loop APR report

Oh. Look.

$AVAX is on sale.


Oh. Look.

I'mma buy dat deeply discounted $AVAX and transfer it to my Avalanche wallet, ... LIKE A BOSS! 



#bossgeophf 😎

The $AVAX is on Avalanche, so:

  • I swap it to $sAVAX on @Platypusdefi 


  • supply the $sAVAX to @BenqiFinance 


  • then borrow back 26 $AVAX. This is my working liquidity for today.


Now I can do my @BenqiFinance daily report. 

2022-11-19 @BenqiFinance $AVAX loop APR report

APY 6.13%
APR 16.53%

total $AVAX-yields collected: 7.69
total $QI-yields collected: 3551.32
yields, incept: 2022-10-22
yield collected for 28 days

With $AVAX at $12.80 and $QI at $0.006177
That is $4.30 collected per day (avg) 

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