My Daily Farming Routine

Let's go around the blockchains, yield-farmin', and stuff.

Terra (Classic)

The first place we land is @mirror_protocol, 

... but at 8.9 $MIR/58 $UST, we're not yield farming $1.80, no ser!

I have a rule: 

Rule #1: collect yields greater than $10, otherwise move on and come back the next day.

Kujira

Next, @TeamKujira.

I stop by ORCA: absolutely nothing has been happening here for more than a week. 

The price of $KUJI on FIN reflect this stagnation.

Nothing to collect from BLUE, either.

@TeamKujira needs a much better $USK minting model. Don't charge the investor, please!

Harmony

Next: Harmony blockchain.

Fuzz

First, @FuzzFinance 

And HOLY FVCK! the price-drop of $FUZZ made me sick to my stomach. G-d!

Let's collect the yields, convert them to $ONE, then have a think about what to do about this protocol, because it surely ain't. 

Let's take a step back and take a hard look at @FuzzFinance.

• The APYs are ... good at ~100% at the highest, but that's a far cry from the 1000+% APY it lured my money in with.

• The valuation sucks. I came in with $1.5k, and it's now worth $1.3k 

Here's where it gets interesting.

• The valuation is restored by the $236 in yields I've collected so far.

Here's where it gets uninteresting:

• I'm not interested in losing principal, and I'm not interested in a net-0 yield-vs-principal trade-off.

Consequently, I'm calling it on @FuzzFinance. I'm liquidating my LPs there and returning the funds to Avalanche.

$FUZZ may, someday, sky, perhaps when liquid staking is instituted and gets its own stride, but until then, I'm not watching my principle disappear with its price.

I split the LPs into their component parts then swap everything to $ONE on @FuzzFinance 

• I swap the $ONE to $JEWEL on @DefiKingdoms (whilst I still can)

• then I bridge the $JEWEL to Avalanche using @MultichainOrg 

Note: there's a bit of a fee, as I'm bridging so much $JEWEL. 

Then I swap the $JEWEL to $AVAX on @pangolindex. 

I had to do 2 swaps to minimize the slippage.

The total swap came to 63.15.

The $AVAX I earned from $FUZZ-yields was 15.58.
Totalling 78.73 $AVAX.

My self-loan was 80.787, so I've lost: 2.14 $AVAX in this experiment?

Nupe!

You're forgetting (or, more accurately: I forgot) that I have 10,001 $ONE being unstaked. 

That'll convert to more than 2.14 $AVAX. In fact, at today's prices, that converts to ~11.13 $AVAX.

So, I'm walking away from my @FuzzFinance experiment with ~9 $AVAX gained.

NOICE!

Okay, that was just one protocol of just one blockchain that took all day.

Ridiculous.

Unite.fi

"Fortunately," ... there's nothing to do on @finance_unite, today, the other protocol on Harmony, as yields are (way) less than $10.

DFK Chain

Next up, DFK Chain.

3.5 $CRYSTAL is ~ $1.

Moving on.

Osmosis

Osmosis blockchain on Cosmos.

The superfluid LPs release $OSMO automatically, I don't have to collect them, so: yay!

Avalanche

Oft to Avalanche!

Trader Joe

There's nothing to collect from the sAVAX-AVAX LP on @traderjoe_xyz, ... yet.

It's underwhelming as compared to the QI-AVAX LP on @BenqiFinance, but:

* the QI-AVAX LP lost $5k of principal

* the sAVAX-AVAX LP has gained $1k in value.

I'll take that. 😎😅

Benqi

I go to @BenqiFinance, where I collect the $QI- and $AVAX-yields.

I immediately swap the $QI to $sAVAX on @pangolindex. 

Back to TraderJoe

Why? So I can stake the sAVAX-AVAX LP on @traderjoe_xyz

Staking sAVAX-AVAX LP on @traderjoe_xyz harvests the $QI- and $JOE-yields from that LP (I have prior stake).

I immediately stake the $JOE as $sJOE, as it yields $USDC at 5+%.

Back to Benqi

Now, the $QI, I split 50/50.

• 50% I SWAP to $sAVAX on @pangolindex

• 50% I SUPPLY to @BenqiFinance marketplace.

Self-Loan-...ing

This leaves me ready to interact with @BenqiFinance marketplace.

BUT HOW? WHAT? WHY? HOO?

HOO EEZ MEH! AHA! 😎

This is where the Pre-supply stable coin borrow worksheet (PSSCBW) comes in

PSSCWB on the Pre-supply tab

It tells me what to invest, where.

... and what the PSSCBW told me was to pre-supply stables with some $AVAX, so:

• I SWAP $AVAX for $USCD.e on @traderjoe_xyz

• I SWAP that to $DAI.e on @CurveFinance, as $DAI.e has the best collateralization on @BenqiFinance

• then I SUPPLY that $DAI.e to @BenqiFinance

That leaves the remaining $AVAX.

• I SWAP $AVAX to $sAVAX on @traderjoe_xyz, which has the best swap-rate for $sAVAX

• then I SUPPLY that $sAVAX to @BenqiFinance 

So! Time to borrow.

Let's borrow some $DAI.e. Not the best borrow rate, 

... but I've got a lot of supply, so I'm leaning to maintain δneutrality on my stable coins. 

asdf

Fuzz.fi tour

Let's take a tour of @FuzzFinance on Harmony.

Why? What interests me here?

Fuzz was one of the few protocols (along with @finance_unite) that are sticking it out with Harmony and giving this Harmony-thing a go.

That takes guts in my book.

Good news/bad news first.

On 2022-05-22, $FUZZ was $0.01.

Now it's $0.00006

Ouch?

$FUZZ has been declining since ... well, forever.

But then there's today after they announced they would be staying on Harmony. 

Is this spike today sustainable?

No idea. Also: I'm not a forecaster/neuromancer: so, no idea, squared.

But it is a protocol that's says it's going to stick around with Harmony, so, at least I know where my funds are.

Speaking of funds ... the tour.

The @FuzzFinance splash-page, at https://fuzz.fi/, is the tour, actually. It takes us several places. 

We'll explore 4 of them:

1. validator

2. DEX

3. gaming

4. the price ... we're no actually going to GO to the price, we'll just look at it. And pray it goes up. More. 😅 

Validator

Let's BRIDGE $AVAX over to Harmony, then SWAP it to $ONE. 

Why? So I can STAKE 10,000 $ONE with @FuzzFinance.

Why? @FuzzFinance provides a 1% incentive for stakers less than 10,000 $ONE and a 5% incentive for those who stake in 10,000 $ONE tiers. 

Fuzz staking reward tiers. 

DEX

And, after you stake your 10,000 $ONE with @FuzzFinance, you see your delegation incentives show up on their LPs on the Producer page.

I think it takes an Epoch for these boost incentives to show up, so: DON'T PANIC and CHILL OUT for an Epoch, okay?

Sheesh. Kids these days. 🙄

Okay, WHICH @FuzzFinance LPs do we farm?

* ONE-USDS and FUZZ-USDS, obviously!

HOW do we farm these LPs? If you're new to LP farming, that's not so obvious. Let's walk through this step-by-step.

1. Go to Trade > Exchange page

2. SWAP $ONE for $FUZZ and $USDS

3. Go to Trade > Liquidity page

4. Provide liquidity for ONE-USDS and FUZZ-USDS LPs

These next steps are IMPORTANT to earning incentivized yields:

5. Go to The Producer page

6. STAKE your LPs

After you stake your LPs you start to see $FUZZ-yields accumulating in real time. 

Some caveats with staking @FuzzFinance LPs. 

1. $FUZZ price has fallen 10x since 2022-04-22. My $40 invested then is worth $5. I'm looking at principal invested as pure loss at this point. Caveat Farmer.

2. $USDS: a stable coin that has LOW liquidity so it ISN'T STABLE!

🚨🚨🚨

The last part of @FuzzFinance I'm covering in this tour is the #GameFi‌ page. This page allows you to place $FUZZ wagers or even to create them. You can see one such in progress currently.

How will @fuzz_fi do?

APYs are currently at 600%+, but the liquidities are so low there can be no expectation of maintaining producing yields at these rates, and, in fact, rates are down from 1000%+ 2 days ago.

I've invested $400 into @FuzzFinance and will monitor this protocol.