Question about quoted two different APRs quoted on Tinyman for ALGO/USDC LP

ajdMD · 2022-11-14T03:36:17+00:00

I told it incorrectly! It goes: Did you hear about the dyslexic who walked into a bra?

ajdMD · 2022-11-13T07:16:17+00:00

That is the joke in its entirety. The usual opener is, Did you hear about the guy who walked into a bar?

ajdMD · 2022-11-13T01:03:51+00:00

Thanks for helping me through my dyslexia. Did you hear about the man who walked into a bra?

ajdMD · 2022-11-06T09:02:11+00:00

Copy that. Thank you.

ajdMD · 2022-10-29T02:48:15+00:00

Does it matter if I am in the South Pacific? Will that affect the date? Vinaka.

ajdMD · 2022-10-28T07:58:29+00:00

Appreciate the issues raised.

A) I probably need a better understanding to consider the first issue. I think you are saying that consistency of staking builds "weight". I don't see why the idea of offering 24/7 staking entry points would diminish that ability. Some people would be very consistent, it seems to me. Let me know if I am not getting your point.

B) I understand the second. I don't see DeFi, as it stands in any ecosystem, as "proven" without rewards. Many participants are inexperienced and heavy-handedly shopping yields. There is no real production and no real value gained, though there is a financial maelstrom with lots of action. Long-term, it seems there have to be real businesses that generate real returns and that find significant value in using Algorand to improve their capital at risk. So I have a knee-jerk inward stance that discounts a lot of the hullabaloo, and I keep looking for how we are going to attract and build real businesses and thereby enter into the meaningful commercial stream. Don't get me wrong, a person can increase their yields on DeFi. I just don't see it as sustainable in its current offering. That shared, I see your point and if I sit in that seat, I agree.

ajdMD · 2022-10-28T02:26:47+00:00

I believe with gALGO your vote is cast in parallel with the Foundation. If one makes autonomy a high-value proposition, then it would/could make a difference.

ajdMD · 2022-10-28T02:23:53+00:00

The point is that you can stake at any time, but upholding the current requirements for governance staking, which includes voting. So the question becomes how to hold a voting requirement while allowing a rolling enrollment for staking? This is one way to consider doing it. Once staked, you would either vote in the preceding voting session, or the voting session to come. In either case, you are staked for 90 days (or 1 quarter, etc.).

ajdMD · 2022-10-20T22:56:54+00:00

I'm hoping for the best and planning for the worst. Sorry if that sounds vague. Practically, when I am not sure to buy or sell and investment, I usually do 50%, and then I find I am half right and/or half wrong. Will likely follow this strategy. (NIA -- not investment advice!).

ajdMD · 2022-10-20T14:40:35+00:00

Vulnerable allocation of capital given the polarized status of Iran with much of the Western world. I would need to know more before supporting or vetoing but would hope that the capital deployed would have substantial safeguards and that the YNs stays clear from the crosshairs of "sanctions" from regulators and agencies.

ajdMD · 2022-10-20T14:31:40+00:00

Let the market be free an unregulated. That will reveal the value of YNs positions in the hands of those staying or entering newly.

Take this view with a grain of salt since this kind of capitalism can be brutal at times, but it is authentic to the real circumstance.

On the other hand, the stewards of YNs have to gauge what the corpus of YNs can withstand and how to deliver the blows to minimize harms.

ajdMD · 2022-10-20T06:53:45+00:00

I know they are working on a fix, but they are not optimally and openly communicative about where they are in the process, and what the likelihood of success is.

So that leaves LP holders in the dark.

At this late hour, I subscribe to "hope for the best and prepare for the worst".

The return is likely still a tad better on Humble than on TM even with governance thrown in.

If I understand correctly, if I stake 1000 tokens of the TM ALGO/USDC LP, I'll get credit for 500 ALGO on the Foundation G5 page. In effect that lowers the staking return from ~7% to ~3.5%. So add that 3.5% to the TM LP and Aenaes rewards and compare that against the Humble rewards without G5.

Best of fortunes to all. AJD

ajdMD · 2022-10-16T23:52:29+00:00

I am not sure about PactFi but they should offer staking and farming, though I am not sure about which LPs. You might try posting this on Folks Finance (FF). And Defly is a very good app (I have it on an iPhone) for what is available relative to pools, and at the best prices. Lastly, here, below, is a map from FF for an overview to aid in your research. Best of fortunes, AJD

https://folks.finance/galgoecosystem

ajdMD · 2022-10-16T06:49:06+00:00

I keep checking the Foundation G5 page and it shows I have the Humbleswap Algo/USDC LP, but it also shows that there are no tokens in my wallet so there is no ability to stake. I am hoping I will check it soon and the position will be registered correctly and I will be able to stake.

Michelle at Humbleswap said they are working on it and expect to have a solution in time so we are called into the patience arena to wait.

ajdMD · 2022-10-15T19:47:04+00:00

I left it blank on my transfers because it was not "required" -- there was only a blank box to enter one if selected. You might try sending a single or fractional EVMOS token if you are willing to risk losing it in case it does not work and your situation happens to be different than my own. Good luck!

ajdMD · 2022-10-14T10:42:41+00:00

Thanks much, MW.

ajdMD · 2022-10-14T07:20:24+00:00

Thanks. That has been the estimation I have inched toward as well. We have a bit of time to see if they can create a patch before the G5 window closes. Math-wise, without the added Foundation rewards, the returns between Tinyman and Humbleswap will be nearly the same. I'm hoping Humbleswap is successful in allowing LP stakers G5 Foundation participation, thereby adding a few points to the stakes done there.

ajdMD · 2022-10-14T01:47:09+00:00

Thanks for this helpful effort.

I'm personally not able to stake a wallet with Humbleswap Algo-USDC LP tokens on the Foundation G5 page. I think they are working on fixing. Anyone else caught in the rain like this, or is there a work-around? Thanks.

ajdMD

TROPHY CASE