$SUSHI - DeFi token for sushiswap a fork of uniswap

johnarb said:
Update: I realize this is the sushiswap thread, but my $CREAM info above is no longer correct and I need to correct it as don't want to mislead anyone.

The Cream team added some new staking pools and the community had some pushbacks due to changes in the rewards for other pools, so the team also decided to remove any locks going forward. They said the locks were only planned for governance (voting) and they'll accomplish that through a different method.

TL;DR, there is no longer a 3- day lock on Cream supplies for sale in the market

I unstaked and claimed all rewards and after tallying the results I got about 3%/day return on $ value invested. I was in 3 different pools, so I'm going back to 2 different pools and will compare results. I think Cream/Weth LP (980% APY) may actually produce better returns than crCream/crYfi LP (1236% APY) due to the huge volume in the former and the very low volume in the latter and the share of the exchange fees earned. The APY's are dynamic and fluctuate...
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Yeah, the whole IL thing when one of the pair is volatile is a bit of a gotcha when one computes that the high APY's are to compensate for the Impermanent Loss.

In other news, Sushiswap has moved up to 2 in TVL
debank-tvl-091220.png
 
johnarb said:
Update: I realize this is the sushiswap thread, but my $CREAM info above is no longer correct and I need to correct it as don't want to mislead anyone.

The Cream team added some new staking pools and the community had some pushbacks due to changes in the rewards for other pools, so the team also decided to remove any locks going forward. They said the locks were only planned for governance (voting) and they'll accomplish that through a different method.

TL;DR, there is no longer a 3- day lock on Cream supplies for sale in the market

I unstaked and claimed all rewards and after tallying the results I got about 3%/day return on $ value invested. I was in 3 different pools, so I'm going back to 2 different pools and will compare results. I think Cream/Weth LP (980% APY) may actually produce better returns than crCream/crYfi LP (1236% APY) due to the huge volume in the former and the very low volume in the latter and the share of the exchange fees earned. The APY's are dynamic and fluctuate...
More...

It's cool, let's do this,
General discussion of various projects in DeFi:
https://www.elitetrader.com/et/threads/defi-going-bankless.349553/
 
Sprout said:
Yeah, the whole IL thing when one of the pair is volatile is a bit of a gotcha when one computes that the high APY's are to compensate for the Impermanent Loss.

In other news, Sushiswap has moved up to 2 in TVL
View attachment 239216
More...

Very nice on Sushiswap! Uniswap is hurting big time.

Does anyone talk about Impermanent Win? :D Both Cream and Eth went up in value the past 3 days, so my crazy returns were boosted as a result, lol

Edit: forgot to put into context, when I exited the pool, I gained over 7 Cream tokens and gained over 8 Eth coins. Even though Eth is higher $ price, Cream actually gained more %-wise so I got more coins of the less performer, but I did not lose coins on either pair. This is strictly on the Cream/Weth LP as the other 2 LP's are single-asset (Cream) LP convertibles.
 
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