Showing posts with label self-funding. Show all posts
Showing posts with label self-funding. Show all posts

Saturday, November 19, 2022

Why AVAX?

My man @DFKHarmDogg asked me: "What makes you so bullish on $AVAX?"

Well, I'll tell you.

I'm making ~20% looping on @AaveAave ...



... and @BenqiFinance


...and @GMX_IO has a treasury token, $GLP, of $BTC, $ETH, and $AVAX, with yields including escrowed $GMX and a yield-multiplier token. $GMX doesn't depend on $AVAX, and it's APR is good, and APY ~12%, calculated, so that's a real APY, folks.



I'm accumulating $BTC and $ETH-stake.

Here's the thing.

No matter what AVAX does now, I'm generating income from it. And, G-d forbid it, $AVAX goes up, I'm going to make a MINT of money from the gain. 

But I don't even care now. 

I'm buying so many AVAX that the income it generates alone is fine for me now.

Folks, $AVAX is a protocol token. It's 'money,' so not an end in itself, but a means of exchange.

I USE $AVAX to fund projects that are interesting.
I USE $AVAX to BUIDL.

That's why I'm bullish on $AVAX, because, for me, it's useful, and that's a rare thing to say about a token.

Wednesday, August 3, 2022

AVAX self-funding experiment

Okay. I'm doing this.

I'm (self-)borrowing ~84 $AVAX on @BenqiFinance, then putting 100% of that into the QI-AVAX LP STAKE.

Here we go.





Something to be on guard:



The swap-values to $QI are significantly different on @traderjoe_xyz and @pangolindex. As QI-AVAX LP is native @pangolindex, I saw a 2,000 $QI-advantage to swapping on @pangolindex, but YMMV.

Caveat emptor. 

As I've borrowed 84 $AVAX, I've started a self-loan SPREADSHEETzorx


Let's see how long it takes to repay myself with this self-funding experiment. 

My @BenqiFinance net asset allocations, 2022-08-03, commencing this self-funding experiment.



Procedure:

* 100% $AVAX-yield provided to QI-AVAX LP STAKE, then:
* 50% remaining $QI-yield SWAPPED to $AVAX, then:

$QI-yield added to $QI SUPPLY
$AVAX-yield added to $AVAX SUPPLY.

... and, THAT! ladies and gentles, is how we will self-fund the infinite $QI stream, providing daily $AVAX-yields, on @BenqiFinance. 

The. End.

Thursday, July 28, 2022

Harmony AAVE daily reports discontinued

"Fun" fact: @AaveAave on Harmony has disabled SUPPLY $LINK withdrawals, so: daily reports are now moot until withdrawals are re-allowed. 





Wednesday, July 27, 2022

Daily Aave LINK self-funding experiment report, 2022-07-27

Daily @AaveAave $LINK self-funding experiment report, 2022-07-27:




Day 14

Invested: 39.29066368 $LINK
Goal: 74.36176567 $LINK
balance: 41.81212842 $LINK

APY% (measured): 447.30%

$LINK earned/day (average): 0.1743310786
Self-funded in: 180.7 days


Tuesday, July 26, 2022

Daily Aave LINK self-funding experiment report, 2022-07-26

Daily @AaveAave $LINK self-funding experiment report, 2022-07-26:




Day 13

Invested: 39.29066368 $LINK

Goal: 74.36176567 $LINK

balance: 41.5569677 $LINK


APY% (measured): 463.48%


$LINK earned/day (average): 0.1743310786

Self-funded in: 188.1752711 days

Monday, July 25, 2022

Daily Aave LINK self-funding experiment report, 2022-07-25

Daily @AaveAave $LINK self-funding experiment report, 2022-07-25:




Day 12
Invested: 39.29066368 $LINK
Goal: 74.36176567 $LINK
balance: 41.34921888 $LINK

APY% (measured): 486.02%%

$LINK earned/day (average): 0.1715462671
Self-funded in: 192.4410676 days

Sunday, July 24, 2022

Daily Aave LINK self-funding experiment, 2022-07-24

Daily @AaveAave $LINK self-funding experiment report, 2022-07-24:




Day 11

Invested: 39.29066368 $LINK
Goal: 74.36176567 $LINK
balance: 41.17651883 $LINK

APY% (measured): 515.62%

$LINK earned/day (average): 0.1714413778
Self-funded in: 193.5661465 days


Friday, July 22, 2022

Daily Aave LINK self-funding experiment, 2022-07-22

Daily @AaveAave $LINK self-funding experiment, 2022-07-22:




Day 9
Invested: 39.1022342 $LINK
Goal: 74.17333619 $LINK
balance: 40.46140306 $LINK

APY% (measured): 559.06%%

$LINK earned/day (average): 0.1510187621
Self-funded in: 491.15312 days

Thursday, July 21, 2022

Daily Aave LINK self-funding experiment, 2022-07-21

Daily @AaveAave $LINK self-funding experiment, 2022-07-21:




Day 8
Invested: 39.1022342 $LINK
Goal: 74.17333619 $LINK
balance: 39.1022342 $LINK

APY% (measured): 601.43%

$LINK earned/day (average): 0.1404155427
Self-funded in: 528.2416372 days

Wednesday, July 20, 2022

Daily Aave LINK self-funding experiment, 2022-07-20

Daily @AaveAave $LINK self-funding experiment, 2022-07-20:




Day 7

Invested: 36.6272189 $LINK
Goal: 71.69832088 $LINK
balance: 37.55796045 $LINK

APY% (measured): 354.03%

$LINK earned/day (average): 0.06938185334
Self-funded in: 1033.387225 days

Tuesday, July 19, 2022

Daily Aave LINK self-funding experiment, 2022-07-19

Daily @AaveAave $LINK self-funding experiment, 2022-07-19:



Day 6
Invested: 36.6272189 $LINK
Goal: 71.69832088 $LINK
balance: 37.34323363 $LINK

APY% (measured): 377.37%

$LINK earned/day (average): 0.0665785787
Self-funded in: 1076.897739 days

Monday, July 18, 2022

Daily AAVE LINK self-funding experiment, 2022-07-18

Daily @AaveAave $LINK self-funding experiment, 2022-07-18:



Day 5

Invested: 35.07110199 $LINK

Goal: 70.14220398 $LINK

balance: 35.56711226 $LINK

APY% (measured): 103.24%


Daily AAVE LINK self-funding experiment, 2022-07-17

Daily @AaveAave $LINK self-funding experiment, 2022-07-17:



Day 4

Invested: 35.07110199 $LINK

Goal: 70.14220398 $LINK

balance: 35.37607185 $LINK

APY% (measured): 79.35%

Tuesday, April 26, 2022

Self-funding experiments, part trois

Reflect

Next up in our self-funding survey, we visit @Reflectaverse. 




Nice collection of yields; 😊
not so nice price-direction for the token yielded. 😭

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. 😎

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.