hello
Happy Sunday - I hope your day is great and whatever you do today is awesome. I'm scoping out a location for a hike today. Yesterday I went for a hike and it kinda kicked my ass. I didn't know how much of an incline and shit terrain there would be til I got there but it was awesome. There were some great views and not too many people on the trail. Actifit has me really motivated to get back into hiking. If you're gunna do it, might as well get paid for it. Anyway - I just wanted to share some results from throwing a few dollars into BluDAC on launch day a few days ago. What is BluDAC? I figured you might ask so check my post here.
Results
Now, let me say this is not financial advice. I'm just showing you what I do in case you're curious and for educational purposes. Yield farming is risky, so please do your own research on impermanent loss. If you're a degenerate ape like myself, all I can say is Lets FUCKING GOOOOO!!!! lol ok back to reality. So BluDAC allows you to stake your LP tokens from providing liquidity on Alcor.exchange. There's quite a few different pairs and they all currently include BLU. I'm staking BLU/TLM, BLU/KENN, BLU/YOSH, BLU/AETH, BLU/WAX, and now BLU/TACO. I'm also adding some BLU/NEFT to the game because fuck it I already had the tokens I got for free from buying on NeftyMarket. Here's what that looks like.
First add liquidity on Alcor. You need an equivalent amount of each token. The easiest way is to check the swap rate then click on one of your balances and it'll do the math for you.
Now you have your LP tokens which you can see in your wallet. Time to stake them in BluDAC. Go to the pool, and click stake. Then enter the amount of your LP tokens you want to stake.
Boom. Now your LP tokens are staked and will begin to earn you BLU after one epoch. Epochs work like this:
So I've harvested a total of 11,000 BLU since my initial stake on day one. I've converted around 70% of that to WAX to hedge against people dumping BLU and the rest I have allocated into different pools to get more BLU. You can see some of my harvests here. I have gained 1700 WAX around $550 so far and a ton more LP tokens to throw back in for more BLU rewards. That's a fucking lot of free money if you ask me!
And where I added some more LP tokens.
There's even more cool shit coming to BluDAC. Check this insanity. Meta-LP pools. NFT + Token pools. NFT + LP token pools. The ability to earn BLU, KENN, and SHIPPLE. Like holy fuck they're going to break WAX. They're also working on breaking BSC, EOS, Polygon and more. Make sure you have a membership.
Alright - enjoy your Sunday.
Lemme know if you have questions, I'm no expert I just have experience. I am also not affiliated with this project. I just like to experiment and make money because I'm a degenerate.
Peace