DeFi - Week 3

By Cryptoft | My DeFi Journey | 4 Apr 2022


A quick update on my DeFi journey, currently running on Quickswap and Cubdefi.

 

Firstly let me look at Quickswap, where I put everything into the VOLT-MATIC farm.

c877a15922ecda43d304e492c83da93d46674444f3b189b017bb327d31ab0988.jpg

Looks like I lost a little more to impermanent loss. I have a feeling my capital is slowly leaking away and the dQUICK is not covering the loss. Either way this week I will let it ride and just withdraw my dQUICK and let it sit in the pool for a week.

9ccb2226bb236d84479be349a44a71de1e1f3aba7c302ae0aa59c942c27e0c4c.jpg

 

Time to check the other farm on Cubdefi

As this is on the BSC chain there is a handy app I can use to check the dollar value of my LP without withdrawing it.

07ba4b043f323e23cd55b5fc8048d8ce3230efdb99889d47a0519cf14a0e9ca0.jpg

My dollar value is actually up a little here, although I suspect my BNB value is down. I am going to stick with this farm though as long as the airdrop is ongoing as I am farming 2 different tokens. 

c8e7b88560759d5534750a8516a10d25cf63edac219ea596f7a3047d7f1325ef.jpg

I have earned another 16.4 CUB on Cubdefi this week, I will leave this to collect next week to save on some fees.

24c2b2cf82224b80da2899183a553fc6b3c8a6299b461d0cb7201e30de15a741.jpg

I have also earned another 5.96 POLYCUB from the airdrop and I have claimed this and added to the xPOLYCUB farm.

405d9ebdab01e5615ccf79e22d24a773f645eeebcd1d89a4de315161efd07369.jpg

I will be very interested to see the results of this experiment when the airdop ends I will withdraw all from farms and see whether I have gained or lost and would I have been better just staking my tokens rather than investing in DeFi?

Right now I am unsure how I am doing and finding it very hard to track without withdrawing everything to check.

I do know that CUB and POLYCUB are losing value despite the rest of the market gaining and I have a feeling I am probably showing an overall loss.

Tune in next week to see how things go.

 

 

How do you rate this article?

1



My DeFi Journey
My DeFi Journey

Join me as I explore the world of DeFi as a newbie to the space.

Publish0x

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.