Being a $RUNE LP feels GREAT 😎: +60% performance in January !

avatar

Good evening HODLers and LPers !

Well... I just clickbaited you as $RUNE went up a lot, I got most of this amazing performance and it was not due to being a LP and getting some of these juicy fees !

Thorchain.jpg

This a follow up from last week post : My journey into being a Thorchain / $RUNE LP Provider ! 🤑

Current State of my LPs

image.png

For clarification, when $RUNE jumped to 4.2$ I had a "loss of opportunity" of -5% being a LP vs HODLing all the following assets.

image.png

As $RUNE is currently consolidating after its huge run, this loss of opportunity is decreasing rapidly.

I have to say, I was quite calm seeing I could have earned 5% more if I HODLed separately but knowing myself, I would have sold at one point hoping to buy lower and never finding another entry point.

At least with this system, I benefit from consolidation as they bring my LP price higher as I am gathering fees. On some of these pools they can be c.200% APY (USDT-RUNE).

Finally, as you can see below my $AVA-$RUNE pool is on a monster growth as both assets keep going up ! I plan to get my January Travala Dividends into this pool again and doing so forth for the months to come !

image.png

image.png

I might actually buy even more $RUNE as we consolidate as the project seems to gain a lot of traction on different medias and communities.

Their last move to penetrate ETH pools through SushiSwap was a good wa to advertise their product and what they could offer.

image.png

They did not launch their ASGARD DEX yet but I am trusting them 100% as they have always delivered !

Transparency

This is very important for an investor as it reassures us and allows us to keep coins for the long term if we think the team is seriously working on a project and providing constant updates (I did not say PR stunts).

$RUNE is doing a great job with their weekly and monthly reports in addition to their partnerships / news.

They have recently posted their Monthly Treasury Report that you can find here and they have clearly enough capital to sustain all of their grants, liquidity incentives, costs until July 2022.

This is exactly the way to BUIDL a top Crypto Project for the long run !

This is not financial advice but I am loving being a RUNE HODLer and LP !

Peace out !

https://thorchain.org/
https://chaosnet.bepswap.com/

Posted Using LeoFinance Beta

bitcoin cryptocurrency hive-126009 ctp hodl thorchain rune ethereum news investing leofinance
0
0
0.000
19 comments
avatar

Nice...

I would have sold at one point hoping to buy lower and never finding another entry point.

Lol this is sooo meee! Ive decided I'm not doing the swinging anymore, more times than not, I pick the wrongest times to sell high.

How much was your total investment in the LP thing?

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

One of the things I love about is predictability of RUNE price: https://www.thorchain.community We are bound to see more assets get locked up as more money joins the ecosystem. Even billionaires like Mark Cuban and pushing for DeFi and cryptocurency: https://leofinance.io/@vimukthi/mark-cuban-thanks-wallstreetbets-talks-about-crypto-slams-zero-commission-brokers-and-talks-to-cnbc-after-reddit-ama

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Indeed but I have issues to fully understand this tool of 'prediction'.

What do they mean by 1-100 will be locked? they mean the total % of the BNB supply?

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

It looks nice and feels good I admit... but still does not beat dcity.io =) sorry

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Haha, I used to play but people were throwing too much money at it at the beginning so I figure either I put a lot or I leave. I chose the later sadly :(

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar
(Edited)

From my perspective it does not matter anymore to put a lot of it or not... there are plenty of strategies to get something back.

I am not in first and when taxes are not this high can still manage to get 100 days ROI and more than 300% APR...

Meaning, is never late to get re-involved.

0
0
0.000
Reply
avatar

Interesting ! At the moment I am missing time and I am even thinking of quitting Splinterlands for that reason :)

Maybe when I will have a lot of free time.

Thanks for the insight though.

0
0
0.000
Reply
avatar

That was a clickbait 👍 it seems the pool is working well for you.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Well I did reach this performance in January ! Just thanks to RUNE and AVA I admit and not thanks to the still quite high fees of being a LP :D

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

The benefit of providing liquidity on Rune is LP fees, right? Are they any other benefits?

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

On BEPSwap I do not think they give exta runes.

On sushiswap they are giving incentives in addition to fees.

0
0
0.000
Reply
avatar

Are these pools on different exchanges other than RUNE itself? Are you on SushiSwap with it? Has RUNE even launched its own native pooling yet? I am still simply holding all my RUNE and wait for the day until I finally understand what I can/should actually do with it.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Hello there,

At the moment it seems they are only on the Chaosnet BEPSwap (side chain of Binance). SUshiswap has other pairs but mostly ERC-20 tokens (SNX, AAVE...)

I have to admit I do not know if the BEPSwap Chaosnet is RUNE native but I do not think so. They should launch it with their ASGARD DEX in the near future.

imho (not financial advice), pooling into BEPSwap is quite nice as you have low fees (almost none) and you get good APR on some nice pairs (BNB / AVA /ETH...).

It also allows me to sleep easy at night as the upside might be capped in the short term but the downside is also quite lower.

Cheers and I hope this could help you out.

Posted Using LeoFinance Beta

0
0
0.000
Reply