Yes now, welcome to this week's RUG report!
See RUG's launch post for full details
Week 0032
Another week and another shit show for the crypto market, we saw a small pump there yesterday but overall, things are down over the past week. I've got annoyed with a few of our LP's sitting out of range and waiting a few weeks for them to get back into range seems like more hassle than it is worth. I have jumped into 2 new LPs for Near/BNB and LTC/BNB, the APYs for both are good and maybe both will be more stable than meme tokens. We continue to hold our out-of-range PEPE/BNB postion but at this point, exiting it now would result in some heavy IL.
See our LPs and assets by weight in the 2 charts below.
APY this week is back down to around 30% as not too much volume has been flowing through the LPs we're involved with. Another thing is that the TLV of LPs in general are starting to increase as more people become active again. We can only hope that volume can outpace people locking up liquidity, so near it's not been working that way and APY's have become very inconsistent.
February is always a good month for crypto so we can pretty much bet things will start to increase again and moon soon.
The RUG token price declined a little bit this week but the market is down and we're heavily invested into meme tokens so on the flip side, we hope to see our bags pump much harder. When things do flip around and anything is mooning again, we will use longer ranges for our LP's which will result in a smaller APY but we'll be better projected against IL.
Anyways, the public sale is now over and RUG will be relisted at its market value. I still have plans to distribute RUG directly through your HIVE wallet but im having some problems with updating the price and it'll take a few weeks to sort out. Until then, you can buy RUG here
RUG Rewards have been shipped already! See ya'll plebs next week.
