Monday, December 5, 2022

2022-12-05 Benqi Finance AVAX loop APR report

OH, NOES! I HAVE YIELDS TO CLAIM ON @BenqiFinance! WHAT SHALL I DOOOOOOOsz? 😱😱😱


What I do is 

  • claim the $AVAX yields on @BenqiFinance 
  • swap half to $sAVAX on @KyberNetwork 


  • provide liquidity on @traderjoe_xyz 


  • stake sAVAX-AVAX LP on @traderjoe_xyz 


This harvests the $JOE- and $QI-yields. The $JOE-yields I stake as $sJOE on @traderjoe_xyz. 


With the $QI-yields from @traderjoe_xyz 

  • I combine them with the $QI-yields from @BenqiFinance (still over-reported), 
  • swap them to $AVAX on @pangolindex then 


  • swap everything above 1 $AVAX (for transaction fees) to $sAVAX, which 


  • I supply to @BenqiFinance. 


2022-12-05 @BenqiFinance $AVAX loop APR report





APY 7.88%
APR 19.41%

total $AVAX-yields collected: 18.37
total $QI-yields collected: 3551.32
yields, incept: 2022-10-22
yield collected for 44 days

With $AVAX at $13.82 and $QI at $0.008595
That is $6.46 collected per day (avg)

No comments:

Post a Comment