D'ye know what time it is, my frenz?
It's yield-farmin' time!
Avalanche
Let's start on @avalancheavax. First up @Alpha_HomoraV2.
αHomora
I collect the $PNG-yields from the USDC.e-AVAX leveraged LP, then, on @pangolindex, I swap those yields to $USDC.e and $AVAX.
Can you guess why? 😎
The reason? I reinvest my yields back into the USDC.e-AVAX leveraged LP.
@Alpha_HomoraV2 makes this an easy, step-by-step process:
1. I reinvest the yields as 50/50 USDC.e/AVAX
2. I check leverage is reasonable
3. I confirm.
My new balance is up, hot-n-fresh! 😎
My ROI is up 38% on @Alpha_HomoraV2 on @avalancheavax, BTW.
Benqi and Trader Joe
Next up, the 1-2 punch of @BenqiFinance and @traderjoe_xyz.
I need these yields to be over $80 for me to harvest, and, would you look at that? The yields are over $80.
My plan of attack is to collect the $QI- and $AVAX-yields, convert everything to $AVAX, then reinvest.
On y va
I swap all the $QI-yields to $AVAX on @pangolindex,
...then I swap 7/8ths of the $AVAX to $sAVAX on @KyberNetwork
'7/8ths' is very specific. Why 7/8ths?
7/8ths because
[not to leave you hangin']
1/8 remaining of $AVAX is paired with $sAVAX to provide liquidity to the sAVAX-AVAX LP farm on @traderjoe_xyz
The remaining 6/8ths (or 3/4ths to you mathematically-savvy cryptonists) of the $sAVAX supplies the @BenqiFinance marketplace.
With that, we can now do the 'daily' Avalanche report.
Net Avalanche positions: 2023-02-27
invested: $46,395.83
valuation: $48,515.96
ROI: 5.00%
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