Logical Graphs, LLC 👊 💙
Logical Graphs, LLC 👊 💙 4 minutes reading from Avalanche

If You’re BULLISH ON CEX, It’s YOURS TO EXPLOD!

"BUT, GEOPHF, AVAX IS ..."

Lemme stop ya right there. Yes, I'm bullish on AVAX. Yes, I'm buying AVAX.

"BUT, GEOPHF, WHY ARE YOU BULLISH ON AVAX?"

Because:

Why AVAX?

"BUT, GEOPHF! ARE YOU TRANSFERRING DAT SWEET AVAX TO YOUR AVALANCHE WALLET?"

Let me be plain: when a CEX holds liquidity, it's THEIRS to profit from and to do with as THEY please.

When YOU hold liquidity, it's YOURS to disburse as YOU see fit.

What was your question, again?

Before I run the @BenqiFinance daily report, I'mma collect these sweet, sweet yields and convert the above transferred-in AVAX to sAVAX to stake on @BenqiFinance.">@BenqiFinance

Let's take it a step at a time.

Primus: Collectus the AVAX-us yielditor.

(those are all made-up words).

With the QI-yields from @traderjoe_xyz I combine them with the QI-yields from @BenqiFinance,">@BenqiFinance then swap them to sAVAX on @yieldyak_

The sAVAX I supply to @BenqiFinance,">@BenqiFinance then immediately borrow back half as AVAX.

This is my working liquidity for today.

I can now do my @BenqiFinance daily report.

2022-11-24 @BenqiFinance AVAX loop APR report

APY 7.10% APR 16.79%

total AVAX-yields collected: 11.56 total QI-yields collected: 3551.32 yields, incept: 2022-10-22 yield collected for 33 days

With AVAX at 12.84 and QI at 0.010562 That is 5.63 collected per day (avg)

This post is based on this twitter thread.

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