2023-01-21 @GranaryFinance $sFTMX loop
incept date 2022-12-03
sFTMX leverage: 70503.64
sFTMX factor: 1.0739
FTM borrow: -52,574.43
net FTM: 23,139.42
net FTM δ: 3,085.79
days in market: 49
APR: 99.34%
APY: 3.61%
With $SD at $1.16 and $OATH at $0.08
that is $0.70 collected/day.
Daily $FTM @GranaryFinance gain report, 2023-01-21
Did we gain?
Answer for today, yes: net 15.2979 $FTM gained
Total $FTM gained since incept date: 3,085.79
62.98 $FTM gained/day (average).
Analysis
Analysis
"How to make $1000.00 in one day."
D-mn, folks. The $sFTMX-loop is 🔥🔥 and the powerhouse here is @GranaryFinance's low borrow rate on $FTM (2.3%) vs. @staderlabs high $sFTMX factor (4.7%).
That means I'm printing 2 $FTM for every 1 $FTM added to my borrow.
D-mn. 😱
That means, given @FantomFDN blockchain remains healthy and active, all I have to do is sit here, and I'm accumulating wealth in @GranaryFinance.
If I wanted to right now, I could just borrow ~400 $FTM
to, you know: buy groceries or go to a movie. This is 'free money' for me.
"Why would you go deeper into debt, geophf?"
The thing is: that's not what's happening. Those 400 $FTM appeared from the sFTMX intrinsic growth. I wait a few more days or weeks, after this borrow, I could borrow more, ... eventually, a lot more.
This is planning for retirement.
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