"EL GEOPHF! YOU DIDN'T JUST BUY MOAR $AVAX AND THEN SHIP IT OFT TO YOUR AVALANCHE WALLET, DID YOU??"
me: "... maaaaayyybee?"
Folks: Avalanche is active. How do I know this? The $sAVAX-factor keeps decreasing, which means the value of $sAVAX, relative to $AVAX, keeps increasing.
Before I do my @BenqiFinance daily report, I swap the transferred-in $AVAX to $sAVAX on @KyberNetwork,
then I also collect the $QI-yields on @BenqiFinance
... which were 1088, but then @BenqiFinance only gave me 1058. That's weird.
... swap those to $sAVAX on @yieldyak_
I then supply the $sAVAX to @BenqiFinance then borrow half back as $AVAX: this is my working liquidity today.
Now I'm ready to run my @BenqiFinance daily report.
2022-11-25 @BenqiFinance $AVAX loop APR report
APY 6.97%
APR 21.71%
total $AVAX-yields collected: 11.56
total $QI-yields collected: 3551.32
yields, incept: 2022-10-22
yield collected for 34 days
With $AVAX at $12.91 and $QI at $0.009741
That is $5.41 collected per day (avg)
Analysis
The power of leverage. Because I have 7333 leveraged $sAVAX supplied, I'm REALIZING a 15-$AVAX gain.
... per day.
I never thought I'd be EARNING 15 $AVAX per day as residual.
It took 2 years, but here I am.
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