Thread by @Subli_Defi

1/11 how much does it cost to farm on @0xconcentrator, to receive their new token $CTR ? What is the minimum amount of your deposit to get your ROI at the end of their IFO ? When could the IFO end ? All the answers in this 🧵here 👇

2/11 So as today, 233k $CTR has been raised out of the targeted 2,5millions of tokens. So, a projection shows an end of their IFO in about 3,5months, so around mid-November at same TVL.

3/11 @0xconcentrator can now be tracked on defillama and succeeded one big milestone, reaching the 100m$ + of TVL and entering the top list on #Ethereum! Congrat's!!

4/11 Although this milestone seems impressive, the potential market for @0xconcentrator is way beyond, as staded below:

5/11 Out of ghe 233k raised $CTR, only 21k (<10%) in Balancer Pool. Watch out because it's a pretty illiquid token at the moment, and $CTR is in price discovery mode so with a huge volatily.
app.balancer.fi/#/pool/0x80a8e….

6/11 So now, how can you farm $CTR without spending all your gains or even more in gas fees as @0xconcentrator is only available on #Ethereum network ? One simple tip : use low GWEI during week-end. Example below made with #GWEI at 7. etherscan.io/gastracker

7/11 First, to minimize transaction cost, @0xconcentrator allows you to single deposit a token & everythingelse is taken care by the protocol. As we all have $ETH on our wallet, you can simply deposit $ETH on a pool:
Approve token <1$
Deposit = 21$

8/11 Then, if you want to claime your $CTR, that will cost you 3$.

9/11 So basically, depositing (withdrawing) + claiming will cost you a bit less than 50$. If we take the yield on the $cvxCRV pool of 26% APY & we estimate the #IFO will end in 3,5 months, you'll need to deposit a minimum of 660$. That can vary depending on $CTR price and #TVL

10/11 Finally, if you didn't yet have a look at what i provided as educational content about @0xconcentrator check that tweet :

If you like this thread and like me you want to add a #farming layer on top of @CurveFinance & @ConvexFinance protocols on #Ethereum network, please feel free to share and retweet the tweet 👇.

Thanks to @svensoon_ for having spotted this small error in my calculation by overlooking the withdrawal Fees of #IFO vaults going from 0,05% up to 0,5%. In my example, then the deposit would increase to 700$ for a vault with 26% APY,

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