My latest haul from @DefiKingdoms quests. Time to convert these puppies to $DFKGOLD and from thence to $JEWEL and see how my "Hero self-funding"-project is coming along.
1/ ๐งต
These are the raw data of the trades by profession for 2022-03-11:
1. When we split items by quest, we see an even distribution between foraging and fishing, but 2. Per hero per profession, we see a fisherman makes quite a bit more, per hero, than the other professions.
Interesting. ๐ค
4/ ๐งต
So, does that mean ditch foraging heroes? I don't think so. When crafting items (potions and such) comes into its own, you're going to need the raw materials foraging provides. I'm going to keep foraging, thank you.
But I'll also start buying fishing heroes now, too.
๐ฅ $85.30๐ฅ IN YIELDS from @tranquil_fi locked $TRANQ fees stake, now it's time to collect more than
๐ฅ $415๐ฅ IN YIELDS from @Defiraverse and do that yield-farming-magic that I do.
Let's rock.
n.b.: stupid remarks about $sFIRA == instablocc.
1/ ๐งต
Okay. Yields collected. So, what's the first thing we do when we've collected yields?
besides celebrate good times, C'MON! ๐
2/ ๐งต
The first thing we do, after collecting the yields, and celebrating good times, is that we check our @Defiraverse LP farm yields. The state of the world has not changed today: there are still two tiers, but it may tomorrow, so we check.
@TeamKujira is several things, but I'll focus on its liquidation fulfillment system today, and how you can earn interest bidding on liquidation fulfillments.
1/ ๐งต
So! Liquidations occur on @anchor_protocol when loans exceed maximum LTV. How are these loan liquidations fulfilled? Before it used to be whales that would snipe in and buy the liquidated $LUNA or $bETH at a high premium. @TeamKujira has an alternative.
2/ ๐งต
What @TeamKujira offers is a bidding system, where anyone can make a bid on a liquidation fulfillment, and when your bid satisfies the requirements โ TADA! โ you just fulfilled a loan liquidation: here's your $LUNA or $bETH!
So, I've already staked $MARS to $xMARS, and I've provided C2B $LUNA and $UST ('red bank').
But now they have this C2C max x2 strategy ('fields'), let's discover this together, shall we?
1/ ๐งต
The idea of the 'fields' is that you have an LP that you create there (so you don't actually have the LP; you have the unpaired assets), which you can borrow $UST against. The LPs are leveraged (currently) 2x, so yields are much higher than in other hosting protocols.
2/ ๐งต
All this is new to me, too, so, the way I learn is to put a little bit in, and, as this protocol entails borrowing, borrowing a safe, smol amount, then see what happens.
So, first up, let's populate each LP in turn. I'll anchor this exercise with $ANC.