Reflect DAO self-funding Experiment

Okay, let's do this.

@Reflectaverse self-funding experiment.

2022-03-25: $620.00 loan, seed funding

2022-03-30, day 5:

todæg yields: $48.49 in $ECHO

total yields: $48.49

amount until self-funded: $571.51

Now: what do I roll these funds into? Let's see.

I've highlighted the LPs I'm interested in.

Why not the highest yielding one, ECHO-ONE LP? Eh, preference. One of my aims is to build a repository of rf-tokens, so I'll add liquidity to rf-LPs to that end.

So, to that end, I'm:

1. SWAP 1530 $ECHO for $jrUST
2. SWAP 1530 $ECHO for $rfUST
3. SWAP 1530 $ECHO for $rfAVAX

Then creating the LP pairs with the remaining $ECHO for staking on @Reflectaverse. 

Here I show 

α. SWAPPING

β. PAIRING

γ. STAKING 

$jrUST - $ECHO LP

After the above staking, we have

@Reflectaverse Asset Allocation, 2022-03-30

Pretty evenly distributed. I'd like more emphasis on the LPs and for the NFT badges to be there for their utility (not their cost). I'd liked to keep the ECHO-ONE LP's footprint small.

Loan Repayment Strategy

Loan Repayment Plan

Okay, so you see I've made a nice sum in yields so far. Do I start repaying the loan now?

No.

This is how I repay a self-loan:

1. I reinvest yields until accumulated yields = total loan
2. After that, 50% repay the loan, 50% are reinvested.

Now: WHY do I have this approach?

1. I self-fund with the seed money.
2. AFTER I self-fund, I want a healthy protocol to grow, so I repay at a 50%-clip, and don't stop growth cold

Conclusion

As this is a Reflect protocol, there will come a time when the held token yields more than the LP. That is totally in line with my approach now: I'm using the high-yielding LPs to grow the underlying assets.

We'll see how this plays out over the next few months.