Um.
@Defiraverse yields: SEVEN HUNDRED THIRTY-ONE DOLLARS?!?!
Well, okay, then!
So, first of all: hi, everybody.
Next: people have different strategies, including hedge, and different views on $sFIRA.
That's fine.
But I'm talking my strategy here, which is: lean into what works. It's extremely aggressive, and misses, too, but when it hits...
O
Boy!
So, what is my strategy with @Defiraverse, then?
- Collect yields,
- Farm yields in LPs and stakes (split evenly)
- $sFIRA is more real than $FIRA for a yield-farmer like moiself. Stake 50% infinitely, unseal the other 50%.
- Measure. Every. Day. (Spreadsheets! YAY!)
Some convert $FIRA to stables as a hedge.
That's fine.
Some view $sFIRA as valueless.
That's fine.
You do what works for you. I'm showing what I do, and what works for me. I did this in @DefiKingdoms and I'm up 1500% there. Still.
But you do you.
Back to it. We've collected the yields. Where to put them? Looking at farming, we see basically two tiers of LP yields:
- Green: $FIRA & $TRANQ farms above 1000%
- Everything else (stables and blue-chips)
I concentrate on tier 1: more bang, and that what the yields are
So, okay, we have the farms where the yields will go. How will they go? My approach:
$TRANQ split three ways evenly on:
- FIRA-TRANQ LP
- TRANQ-WONE LP (n.b.: we add 96 $ONE / $12 to our invested amount)
- @tranquil_fi locked $TRANQ fees stake
Let's do that right now.
Why do I do $TRANQ first? Because it settles the $FIRA-balance. With the remainder of the $FIRA, I split it 50 / 50 between staking and the $FIRA - $WONE LP.
So $FIRA: feeding the $FIRA - $WONE LP means we infuse 656 $ONE / $85, which we add to our investment balance.
Okay, we've staked our $FIRA, right? Or: please remember to stake / farm the LPs (let's do that now), and collect the $sFIRA rewards from the (single) $FIRA stake, as well.
We've reinvested our $TRANQ and $FIRA, that leaves us with $sFIRA.
- First, claim the yields.
- Then, evenly split $sFIRA between unsealing and staking.
This completes our distribution work.
Now let's run our reports! REPORTS! XCĪT!
Admit it: you love my reports. 😎
Asset Allocation for @Defiraverse, 2022-03-09:
- $FIRA stake is slowly coming into its own, like it should
- $sFIRA stake is beginning to dominate, massively, like it should with this strategy
- And the LPs provide the gas for this 'feeding frenzy'-fire, like they ought
"Wen @Defiraverse self-funded, ser?"-experiment
Day 12
adjustment investment: $2,308.03
today's yields: $747.20
total yield: $1,604.58
Amount remaining to self-fund: $703.45
We've now fallen to ~$700 remaining of the (adjusted) $2300 investment.
