Saturday, November 26, 2022

2022-11-26 Benqi Finance AVAX loop APR report

Before we do the @BenqiFinance report, let's collect the yields and disburse them, then convert the transferred-in $AVAX to $sAVAX and supply that to the marketplace.

First up: yields. I harvest the $AVAX yields, first, then pair with $sAVAX and stake on @traderjoe_xyz 




Staking the sAVAX-AVAX LP on @traderjoe_xyz harvests yields there. I stake the $JOE-yields as $sJOE for $USDC-yields. The $QI-yields, I combine with the yields on @BenqiFinance and swap them for $sAVAX on @yieldyak_, supplying those on @BenqiFinance.




I borrow half back as $AVAX.


2022-11-26 @BenqiFinance $AVAX loop APR report





APY 7.39%
APR 20.93%

total $AVAX-yields collected: 13.06
total $QI-yields collected: 3551.32
yields, incept: 2022-10-22
yield collected for 35 days

With $AVAX at $12.98 and $QI at $0.008782
That is $5.73 collected per day (avg)

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