2022-12-27 Aave AVAX loop APR report

 OOH! 

YIELDS on @AaveAave Avalanche marketplace

• I collect the $WAVAX-yields on @AaveAave 

• I swap them to $sAVAX on @KyberNetwork 

• I re-supply them to the @AaveAave marketplace

I'm now ready to run the daily @AaveAave report.

2022-12-27 @AaveAave $AVAX loop APR report

APY 4.63%
APR 32.05%

all yield collected: 5.47 $WAVAX
yields, incept: 2022-11-14
yield collected for 43 days
With $AVAX at $11.59
that is $1.47 collected per day (avg)

2022-12-26 Granary Finance sFTMX loop APR report

YYYYYAAAAAAA!!!111!!!!!!!11!1!1!!one!!

My first yields collected from @GranaryFinance EVER!

Because of an $SD-spike: $14.20.

I swap the $SD-yields to $sFTMX on @SpookySwap 

...then supply that liquidity to @GranaryFinance: yields reinvested to earn more yields.

#ThisIsTheWay 

2022-12-26 @GranaryFinance $sFTMX loop APR

incept date: 2022-12-03

sFTMX leverage: 59,900.44

sFTMX factor: 1.0698

FTM borrow: -43,232.49

net FTM: 20,849.00

net FTM δ: 2,136.70

days in market: 23

APR: 162.64%

APY: 5.08%

With $SD at $0.39 that is $0.62 collected per day (avg)

Wrong QI-yields reported again on Benqi Finance

The issue with $QI-yield-collection on @BenqiFinance persists. I went to collect yields. It stated I had 2269.9 $QI yields to collect, with 765 $QI in my wallet, I expected to have a total of 3035 $QI.

After yield collection I only 2970.4 $QI (right), short by 65 $QI. tx_id.

I am relieved to report that the AVAX - sAVAX exchange rate, which has been stuck for the past 4 days, is finally decreasing again. This factor makes looping possible, so it's necessary that staking is updated at least at a daily cadence.

It was updated today: I am relieved.

Cryptocurrency reinvest yields pop-quiz answer

#Cryptocurrency reinvest yields pop-...'answer' to the quiz where to reinvest $AVAX yields: $sAVAX supply or $AVAX borrow?

Sure. 🙄

Surprisingly to me, reinvesting yields on either side nets about the same amount of $AVAX, but:

1. reinvesting $sAVAX supply generates A LOT more leverage AND debt!

2. repaying $AVAX borrow STILL INCREASES debt!

Analysis

So, then, it boils down to preference.

• for me, more leverage means more yields, so I'm going with the resupply $sAVAX-option
• but if you are debt-averse, then you'll want to repay the $AVAX borrow, ... or avoid leveraged yielding in the first place, FWIW 

Cryptocurrency pop-quiz: where to reinvest?

#cryptocurrency pop-quiz.

Given that I'm reinvesting the yields, where is it best to reinvest them?

Some numbers:

• @BenqiFinance $sAVAX supply APY: 4.8%, $AVAX borrow rate: -6.43%

• @AaveAave $sAVAX supply APY: 2.82%, $AVAX borrow rate: 6.92%

• $sAVAX stake value rate: 7.2% APR
• (answer)

Rust pop-quiz 4: yieldly

Rust pop-quiz ... 4?

Modify real_apy so that it also reports:

1. How much principal you need to make $x in yield per day
2. How much leverage you need to make that yield
3. Given a current portfolio value (already entered, eh?), how much bigger does it need to be to reach goal?

The sources for real_apy (your starting point) is here.

The output can be like the text of the thread starting here.

• (answer)

Answers 5 to supplying QI pop-quiz

For Answer 5 to the supplying $QI pop-quiz, I'll survey the approaches so far:

Part I:

1. 100% $QI: $3,268.45 gain, $2,628.55 total $AVAX

2. Reinvest $QI and $AVAX: $3,349.09, $2,694.73 $AVAX

3. The $sAVAX approach: $3,338.90, $2,670.79 $sAVAX

Answer 5, part II:

These are the Borrow $AVAX approaches

4. Just borrow: $2,262.86 gain, $8,563.19 total $AVAX

5. Supply LP: $7,484.94 gain, $12,868.71 $AVAX

6. Balanced QI SUPPLY / QI-AVAX LP: $6,434.02 gain, $12,000.96 $AVAX 

7. Resupply LP: $14,754.73 gain, $18,473.35 $AVAX

So, the answer to question 5 took SEVEN spreadsheetzorxen (wow!), and

a) maximum total yield: $14,754.73 for (7) resupplying LP

b) maximum $AVAX: $e for (7) resupplying LP

Go, LPs; go!

But ... can we do better than this, even?

Maybe?

I sense a new POP-QUIZ abrewin' ... 😎😅

SUB Pop-Quiz Answer

Okay, SUB pop-quiz (stated after answer 4c to the supplying $QI pop-quiz) answer:

0% $QI seed: $14,671.93 yields (neg $AVAX, though)

50% $QI seed: $9,648.84 yields ($400 $AVAX)

100% $QI seed: $4,522.73 yields ($1,006 $AVAX)

The $AVAX-to-LP ratio has little effect.

So 0% $QI seed provides the highest annual yield.

Can we do better than this?

[spoiler: YES! or: next quizzo, folks]

Bonus-bonus answer to Benqi Pop-quiz

BONUS-BONUS answer to Benqui $AVAX / $QI / $sAVAX pop-quiz:

Is $sAVAX better or worse reinvestment  as SUPPLY than $AVAX on @BenqiFinance? 

Better. Slightly better. Very slightly better.

• $AVAX reinvestment annual returns were: $26,284.54
• $sAVAX conversion then reinvestment annual returns were: $26,323.95

or $40 better

Reinvesting both $QI and $AVAX on Benqi

The pop-quiz Bonus, part 3. is a non-sequitur: if you supply $AVAX, it, too will yield $QI and $AVAX, so I'll answer Bonus, part 4: $QI and $AVAX reinvested:

Totals at the end of 1 year:

$QI: $22,510.32

$AVAX: $3,774.22

Total-total: $26,284.54

Which is $500 MORE that reinvesting only $QI!

Spreadsheet for reinvesting $QI

The second part of the bonus for the pop-quiz, I brute-force it with a spreadsheet, reinvesting the $QI each day and recomputing the yields based on the new $QI balance.

The new total value? $26,198.82, or $400 more than the previous answer that did not reinvest $QI.

NEAT: Hard work pays!

But here's the thingamabob about this SPREADSHEET!

It may horrify my mathematician-friends, ...

Elena Marie: Papa, you have friends? 🥺

Me, curtly: yes.

But you can use it with any asset that produces itself and another asset.

You can run these kinds of scenarios yourselves.

The link to this spreadsheet is here.

Have at it!