Reflect
Next up in our self-funding survey, we visit @Reflectaverse.
Nice collection of yields; ๐
not so nice price-direction for the token yielded. ๐ญ
So, for this bad boy (@Reflectaverse), I'll reinvest the yields 50% / 50%:
- 50% into ECHO-ONE LP to produce more $ECHO
- 50% into top yielding rf-token(s?)
Which means we have to find the top-yielding rf-tokens, but first: ECHO-ONE LP.
Okay, so, which rf-tokens are HAWT to invest in?
Just imagine me, and you'll see the HAWT rf-tokens. ๐
Or you could use SPREADSHEETs, too.
Let's do the latter. The spreadsheet says $rfETH and $rfDAI are equally HAWT!
Let's invest in those 2 rf-tokens with our remaining $ECHO.
And so we swap half our $ECHO for $rfETH and $rfDAI, setting the slippage to 15%, so we can lose an f-ton of value in these trades, smh.
After the above trades, our @Reflectaverse portfolio looks like the following.
I think there's a healthy balance between the $ECHO-producing LP and the rf-tokens that (will eventually) (someday) produce harvestable yields.
Is @Reflectaverse a viable place to put additional funds?
Not only 'no,' but HELLz nah!
Yields are coming in at a good clip, but the $ECHO token, and all rf-tokens are down ~50% since I invested.
The yields earned from these stakes in no way make up for these losses.
HARD PASS.
