Measure.
Measure.
Measure.
How can you know how you're doing?
Measure!
Do you sense a theme from my tweets?
'Hint': it's ... measure.
I've been in @FantomFDN for a while. How am I doing?
That's the wrong question. Why? It's vague. Let's ask better questions so we can get to answers that are useful.
How is $sFTMX doing?
That's actually a pretty tough question to answer.
Why?
Because how do you measure that?
For context, staked @FantomFDN $FTM is one of the tokens that have a realized NEGATIVE return, according to @StakingRewards.
BUT! @staderlabs reports that $sFTMX has an APR of 4.7%.
Which figure is correct? How can we know?
... hint?
What we see is a realized gain of $FTM from the $sFTMX over time, to the tune of 15%-...ish APR (3.38x leveraged).
Another data-point, contrasting to the leveraged-approach, is @UniDexFinance's $FTM pool, where you supply liquidity for them to use to back their perpetuals.
In a word: smashingly well.
93.6% ROI 💥🎉💥
... but only 10% APY?
Hm.
But that's not even half the story!
To protect against a possible $sFTMX-depeg, I've hedged the collateral with the @beethoven_x Locked, Staked, and Two Smoking Fantoms LP.
That's an additional $3.2k liquidity necessary for those 85 $FTM.
3x invested but not only 1.5x yielded?
Am I saying @GranaryFinance $sFTMX looped investment is bad?
Nah, fam. I'm not saying that at all.
I am saying my investments on @FantomFDN need redistribution to reflect the yields.
That's what I'm saying.
