I've put $7000 into 7 DeFi Platforms [Week #4]

I've put $7000 into 7 DeFi Platforms [Week #4]

By Brawnd0 | CryptoLetter | 13 Aug 2020


Four weeks ago, on July 14th 2020 I've put ~$7000 across various DeFi platforms. Here's the first post if you've missed it. 

Today, one month after I'm presenting you not only the ROI in $ but also, as promised, the details on return on tokens themselves. 

d232082b1dab8b99953dfbad238ede4160f581713563f9843ce79fc4e9b7b749.png

 

FIY:

  • Uniswap, Balancer, and Bancor is where I provide liquidity for token pools. 
  • Losses at Balancer & Bancor for one of the tokens are expected when you provide liquidity 

Key Takeaways:

  • Greatest token ROI comes from AMPL rebases
  • Still can't claim any extra KNC staking rewards
  • Lending $DAI on Compound is slow but steady 

 

Now, let's take a look at the $ side of the experiment:

641c67daed0a8888041593b8e19db5e9ed4ab75ca0bdcb7ad9bc673de764e0e0.png

 

FIY:

  • Mind the $DAI that slightly differs in token table vs $ table as its price slightly fluctuates around $1

Key Takeaways:

  • $AMPL despite a heavy drop in price still holds a nice gain thanks to rebases
  • Aave & Balancer also gave me a near 100% ROI on token appreciation
  • Happy to see an overall 54% ROI in $ 

That's a lot of numbers. Hope I didn't mess up anything. 

See all experiment updates here


Brawnd0
Brawnd0

Crypto news addict


CryptoLetter
CryptoLetter

Straight to the point daily crypto & blockchain news

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.