NEW FARMING POSITION: In our efforts to continuously optimise yields across chains, we have supplied 10ETH into the $JEWEL / $ONE LP on Harmony One [DeFi Kingdoms] paying 404% APR. Will DCA in.
why this?:
1/ $ONE has gained strong upside momentum in 2022 with an actual TVL of $1.13bn. We are seeing a rotation between AVAX/SOL and FTM/ONE.
2/ DeFi Kingdom ( $JEWEL ) represents 66% of $ONE TVL and is growing rapidly. Beyond a simple game, it is an entire financial ecosystem (DEX, a liquidity pool and NFTs). We are expecting DFK to become one of the larger DEXs, providing higher APRs for LP'rs than their competitors
3/ In terms of market cap we could see $JEWEL close the gap on $AXS, and if they go multi-chain there is no reason they can't surpass $ONE itself. The LP pair is also highly correlated, thus minimising IL. Bullish backdrop. And yeah, 404% APR.
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1. Added 20E to the 3poolv2 (MIM/fUSDT/USDC) on curve.fi and optimised on liquiddriver.finance for 28% APR, bringing our total balance to $112,316...🧵
2. Bridged another 10E to Arbitrum and bought $DPX which is staked at 15.81%. More of a price appreciation play as we are bullish on the idea of a decentralised options exchange. One of the strongest teams in crypto rn.
3. 10E of $xBOO. Approximate APR is 33.34% , but this is more of a bullish play on the leading platform on Fantom.
Q2. Ok so farm was at 572 E last night, but 619 E now. How much of that 47E gain is from newly deployed treasury? => 30 E. So 17E is farm profit today.
1. We have bought 7.5E of $TOKE and paired it with 7.5E of ETH. We want to position ourselves for the next chapter in the "Liquidity wars". Tokemak provides "liquidity-as-a-service" for protocols via Token Reactors and Pair Reactors. Thread soon. $TOKE entry $52.50.
2. Anyswap has rebranded as $MULTI. Andre Cronje is advising and they are due to revamping their tokenomics with veMULTI. $MULTI will charge a small cross-chain fee once the updated platform is live & veMULTI stakers will earn a % of fees, but interestingly paid in stables. $27
Really nice uptick in the portfolio this morning driven by 3 high conviction plays. See thread below 🧵
$1.64m / 531.2 ETH
1. We've been adding to $SCREAM, xSCREAM, and FTM-SCREAM LP at $60ish the past 48 hours (now $94). This has netted us over 12 ETH in profits.
2. We have been building and staking a position in $CREDIT for the past 48 hours, average entry $2.29 (now $5.53). This has made us another 5 ETH. Staking APY is currently 241.88% APY
TL;DR - $ReFi has added more stables, re-entered its NEWO/USDC LP at around $1.1 (sold yday at $1.24), and bridged funds to Solana to do run some low risk delta-neutral strategies.
thread below...
1. Swapped 20E for $USDC and $MAI using spookyswap.finance, created the LP pair and deposited $64.5k into an autocompounder paying 65.54%. Yes we did see the @market_xyz strategy but we don't want to take any more FTM-TSHARE risk.
2. Re-entered our $NEWO / USDC LP paying 861.73% APY. Having taken profits at $1.24, we re-entered at $1.11, so we enhanced our LP position by 12.3% just by being active - i.e. taking profits at overbought levels and then rebuying.