Let us do the ETHBTC-THANG!
2023-08-14 ETHBTC-THANG! Day 78
The ETHBTC-THANG! http://logicalgraphs.blogspot.com/p/ethbtc-experiment.html
- swap 0.0000 $BTC (no swap)
ETH: 5.34815
BTC: 0.00000
Total: $9,860.40
TVL EMA-20: $9,981.62
n.b.: TVL EMA-20 indicates that ETHBTC, itself, is undervalued.
No swap today, so, instead, I buy $iETH on @Indigo_protocol with $ADA.
How I got this $ADA was a long, drawn-out process (it has its own article), but liquidity did reach @Cardano for me to purchase then stake the $iETH, for which I am grateful.
$INDY's expiry mechanic
The @Indigo_protocol, along with $ADA-yields from staked synthetic assets, $iETH, $iBTC, and $iUSD, offers $INDY-yields.
An interesting thing about $INDY-yields is that they are time-boxed. If you don't claim these yields by the designated Epoch, they are returned to circulation.
Do I like this expiry-mechanic?
I'll give this a tentative 'yea.'
Epochs are 4+ days, and expiry occurs 10+ epochs from incept, so this gives one more than a month to harvest yields: that's a generous amount of time, even for casual investors.
What gives me the 'feel goods' about this expiry-approach is this: protocol tokens have historically been plagued with retaining value, as standard inflation mechanics keep printing money that becomes more worthless over time.
That's what I DON'T like about protocol tokens.
What I DO like about $INDY's expiry mechanism is that it addresses the problem. Somebody dies (to crypto), but they keep getting yield accumulated to an inactive wallet.
This expiry mechanic puts $INDY back into circulation to the active and invested protocol users.
2023-08-14 Indigo portfolio
Basis: $1,091.66
$iBTC: 0 $0.00
$iETH: 0.533879 $984.31
$iUSD: 0 $0.00
value: $984.31
total fees $11.746
total yields $3.716
net gain/loss -$8.030
APY -16.42%
ROI: -10.57%
APR: -214.31%
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