Another week has gone by and I am glad to compile the results. After last week, several people asked me for the actual numbers on what I had original invested so, here are my original liquidity pools.
A couple things to note on the formatting this week. I have adjusted the APR based on time and projected annual liquidity pool on a more conservative number so these numbers will be deflated a little bit more from the previous method used to calculate.
I have listed a few more things with AUTO which for the BTC-BNB pairing, so far AUTO has better rewards. It’s pretty marginal but it is probably a worthy shoutout.
On the growth chart, I flipped the color schemes to have GREEN reflect bigger decreases and RED to reflect growth on liquidity pool APR. Why? Because if things are going up in APR, then that means that there was a huge negative price action on the token and that something wrong is probably happening. The big one that stands out is NYA. If you think about the technical side of this, it is because NYA had a huge scam a week+ ago which I briefly mentioned in my last update. Well, Pancake is still offering rewards for the NYA pool and the BIFI contract is selling the cake and buying more NYA with that cake. So, with CAKE going up in value, and NYA going down in value, you are acquiring even more liquidity pool tokens than the previous week. It is worth mentioning that this isn’t always bad. If NYA bounces back then my earnings will have been mega boosted from BIFI but a shrinking APR yield is probably a good reflection every week.
I was going to add in individual farming groups onto this list but I decided to take off all non-BIFI/AUTO/Jetfuel and put that down in the next section. It is just too much work to harvest rewards, buy up the tokens and then track that for the weekly reports. So, for all tense and purposes, this is just an hawkeye view of what’s happening with almost every BIFI liquidity pool that is out there.
Lastly, I am not a financial advisor. The information on this site is for informational purposes and isn’t financial advice. I cannot guarantee that you will have the same results as I have nor can I guarantee that the information shared here is appropriate for you. My opinions are my own despite any referral links that may be within the blog. I am not also not a tax consultant or a CPA. As they say in the crypto world, DYOR. By adding things on this list, I am by no ways endorsing them and for all I know they can be rugpulled/scammed tomorrow. I have filtered out some of the noise but there is a lot of stuff that happens in the crypto world.