Wednesday, December 7, 2022

2022-12-07 Benqi Finance AVAX loop APR report

Before I do my daily @BenqiFinance report, I'm going to harvest and reinvest yields, but before I do THAT, I'm going to make myself some breakfast.


  • I harvest the $AVAX-yield on @BenqiFinance 
  • I swap half to $sAVAX on @KyberNetwork 




  • I pair them as an LP on @traderjoe_xyz 


  • I farm the LP on @traderjoe_xyz 

This harvests the $JOE- and $QI-yields. The $JOE-yields I stake as $sJOE, 


... which yields $USDC (...someday). 

The $QI-yields.

Again, @BenqiFinance is not giving correct $QI-yields.

Exhibit a: 


2395.6383 from @BenqiFinance, 406 in wallet

This means I should have 2801.842672 after I harvest yields.

After I harvest, however? Exhibit b: 


2726.67406 $QI only.

This means I'm 75 $QI short.

When are you going to fix this @BenqiFinance? Somebody of a more demanding nature is going to notice they are not getting paid what you report.

And what will happen then?

  • I convert the $QI-yields to $AVAX on @pangolindex 


  • Then convert all $AVAX above 1 (for tx fees) to $sAVAX on @KyberNetwork.


  • I supply the $sAVAX to @BenqiFinance.


Now I can do the daily @BenqiFinance report.

2022-12-07 @BenqiFinance $AVAX loop APR report





APY 8.02%
APR 19.10%

total $AVAX-yields collected: 19.45
total $QI-yields collected: 3551.32
yields, incept: 2022-10-22
yield collected for 46 days

With $AVAX at $13.20 and $QI at $0.007851
That is $6.19 collected per day (avg)

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