Is the crypto winter over?
- Thread starter schizo
- Start date
You can farm for just 5 hours? I thought you had to sock it away for like 30 days at a time (eg. 30-day yield). How much return can you expect to get in 5 hours? Also was there ever a downside to farming in your experience?
The yield for 5 hours of farming was ~$1500 as shown in the screenshot, which I harvested since, can harvest any time
The 30-day yield you see is an estimate based on the price and trading volume of the liquidity pair, SOL/popcat
This is a concentrated LP, targeting a specific price range Sol vs Luna percentage moves
The downside is if Sol or Luna goes up or down too much, you will get converted to the underperforming crypto asset of the 2
case in point as I was typing this reply, it went out of range, all my LP got converted to 142 Sol which means popcat went up much higher
Popcat must have pulled back as it's back in range again and now a ratio between Sol/popcat again
I'm an auomated market maker, I have to exchange Sol for popcat for the popcat owners who wish to sell and I have to exchange popcat for Sol for the buyers of popcat...
except I do it even as I watch youtube or away from keyboard or sleeping, I simply deposited both crypto assets Sol and popcat into the Orca dex smart contract
Starting investment capital $17.5k value Sol/popcat combo
Thanks, although ain't completely sure I understood everything. This is definitely different from tradfi.The yield for 5 hours of farming was ~$1500 as shown in the screenshot, which I harvested since, can harvest any time
The 30-day yield you see is an estimate based on the price and trading volume of the liquidity pair, SOL/popcat
This is a concentrated LP, targeting a specific price range Sol vs Luna percentage moves
The downside is if Sol or Luna goes up or down too much, you will get converted to the underperforming crypto asset of the 2
case in point as I was typing this reply, it went out of range, all my LP got converted to 142 Sol which means popcat went up much higher
Popcat must have pulled back as it's back in range again and now a ratio between Sol/popcat again
I'm an auomated market maker, I have to exchange Sol for popcat for the popcat owners who wish to sell and I have to exchange popcat for Sol for the buyers of popcat...
except I do it even as I watch youtube or away from keyboard or sleeping, I simply deposited both crypto assets Sol and popcat into the Orca dex smart contract
Starting investment capital $17.5k value Sol/popcat combo
View attachment 335459
It's probably same in tradfi or any real life, except we deal with crypto assets and no fiat
Even the yield that you see is represented in $ value, but in reality, the yield are the fees earned and when I harvest, I get half Sol and half popcat (5.16 Sol and 5052 popcat, currently)
Think of a store, that only sells 2 items, Sol and popcat, and only uses those 2 items to sell or to buy from customers.... That's what's being a yield farmer is, I put up a store on an Orca dex mall using Sol and popcat as products and method of exchange
I didn't really like that "scam wick" on Friday, but looks like they're gonna give it another try.
This is also what I wrote earlier this week. If we do break out above $70k, we could be heading up to...
Triple top classic. OMG, you BTC people, it looks just like GC! Grab some profits! Please?
Don't make me bust out the Dark Crystal vid.
Damned Gelflings.
Don't you see the triple top there at 68Kish?
Blah. Maybe I am being too conservative, but that whole chart looks just like gold forthe last few years. :-(