UNI guide: Real profit + Free loss Measurement: How to get the highest APY?
How to Get the Highest APY for Real Profit + Free Loss?
Originally in Chinese: Bear PLUS
The first phase of UNI mining has begun, and the current TVL is about 710 million U.
Just as Mooniswap can double dig BZRX and AKRO, so can a LP on UNI, which offers a fee and two tokens.
NEO's upcoming Flamingo supports dual dig FLM with UNI dig, and it is expected that more Defi will support dual dig in the future.
Which one? What is the return-risk ratio? Is the impermanent loss high? Bear to take you to calculate.
This article directory
I. Benefits and risks of UNI
(1) There are two benefits from UNI
(2) How much is the free loss
(3) Current APY
UNI double dig FLM
(1) Flamingo introduced by NEO
(2) How do Flamingo dig
(3) Flamingo double UNI
How to achieve the maximum APY?
(1) BSC dug for 4 days obtained 600% APY
(2) Beat cold rather than heat
(3) Suggestions
I. Benefits and risks of UNI
(1) There are two benefits from UNI
For Uniswap DEX, including Curve, Balancer, Mooiswap, etc., the mining reward is composed of two parts: one is commission fee, and the other is token reward.
Especially for Uniswap, which exceeds CEX in volume, the fee reward will not be much lower than token reward.
For example, on July 29, fee APY, the pure procedure of the two U's on Uniswap, is ≈30%.
Moreover, the Uniswap fee reward, will directly into the liquidity you do inside, performance for you to provide more liquidity, on behalf of your liquidity LP appreciation.
For example, you saved 1 Bitcoin and 30 Ethereum and gained 0.1 LP.
By the time you take it out, you'll have 1.01 bitcoins and 30.3 Ethereals, and your LP will have appreciated in value.
Here's another tip. If you don't have a lot of liquidity in your savings account, it might be more cost-effective to just sell your LP, which can be easily converted into a currency. 1Inch currently supports mainstream LP trading on Uniswap.
(2) How much is the free loss
Free loss, in short, you are carried by the robot brick arbitrage, generally in the small pool, high slide point, no prediction machine or the failure of the prediction machine.
Now dig UNI, TVL has reached 710 million U. Although there is no predictive machine introduced, it is difficult for this KIND of TVL to cause any so-called "free loss".
And the losses that brother is worried about, should be called "paid losses", are the losses of falling currency prices.
According to the AMM constant product formula, A×B= constant value (constant value = the product of the number of two COINS deposited at that time).
Put in Ethereum /U,
If Ethereum falls, it will automatically replace your U with more Ethereum;
If ethereum goes up, it will automatically replace your Ethereum with more U's.
In short, it's a bit like "grid quantification" : if ethereum goes up, sell some of it, if ethereum goes down; You're going to lose a little bit.
Therefore, brother does not need to consider "free loss" in the case of ethereum/stable currency, bitcoin/ethereum, based on the current UNI supported trading pairs. It only needs to consider whether to hold on to ethereum for a long time, and whether it is acceptable for ethereum to sell or fall.
(3) Current APY
Such as form,
First, the transaction volume determines the RENEWAL APY;
Second, THE UNI price determines the APY of token reward.
And the third thing is that if you add them up, you get the final APY;
Fourth, poundage part, need not get manually;
Fifth, the UNI part must be manually led, pay attention to GAS, do not lead frequently.
UNI double dig FLM
(1) Flamingo introduced by NEO
Flamingo is the Defi cross-chain Defi aggregator introduced by NEO, featuring cross-chain, AMM DEX, stable B casting, contract, etc. Flamingo, in other words, is the Defi protocol that is the basis of NEO ecology.
(2) How do Flamingo dig
Such as form,
First, Flamingo front-end is going to be turned on in the near future;
Secondly, like iost and BTM, Most Flamingo mines require cross-chain operation, wallet operation, etc.
(3) Flamingo double UNI
UNI double Excavation Guide: Real Profit + Free Loss Measurement & How to get the highest APY?
As noted earlier, Flamingo mines Uniswap's Bitcoin/Ethereal LP supports UNI.
Specific principles:
Flamingo's machine gun pool, Flamincome, supports double-chain mining.
In other words, when Flamincome pledges are made, two LPS can be acquired, namely, reward LP+ original chain LP, cross-chain LP can acquire Flamincome awards, and original chain LP awards, and ethereum and NEO double-chain mining.
In short,
When brother wants to dig UNI, use bitcoin/ethereum LP.
The first step is to do liquidity in Uniswap and get LP;
The second step is to take out LP and put it in Flamincome;
In the third step, Flamincome first crosses the LP chain to NEO to dig flamingos.
Flamincome then puts LP in Uniswap to help you dig UNI.
Where LP is, it means where you are mining. You deposit LP in Flamincome, it is Flamincome digging UNI, and then send the UNI to you.
How to achieve the maximum APY?
(1) BSC dug for 4 days obtained 600% APY
Let me give you an example.
Bear wrote earlier,
Bakery&Cream&Fortube: My Personal Strategy on How to Jointly Dig three BNB "Mines"
Xiong xiong used the combined mining strategy, namely, integrated application of CREAM loan, Bakery and so on for combined digging.
Later, anySwap and Bounce, which also support BSC new mines, were added to the portfolio strategy.
Calculated by U, the total input is 60,000 U, 3000U in 4 days.
First, Cream repeatedly stored and borrowed nesting doll;
Second, grab the "head mine" when Anyswap and Bounce are relatively unpopular;
Third, as BAKE APY has collapsed, ANY and BOT have pulled together.
(2) Beat cold rather than heat
The above example actually expresses two things:
First, profit is determined by competition, more people means less money;
Second, Defi tools such as Cream should be reasonably used to reduce costs and increase profits.
Specific to Uniswap, benefits of UNI excavation:
First, the project is of high quality, and the UNI has the potential to rise in the long run.
Second, safe and large capacity, large capital preferred;
Third, stability. Yesterday's 15% selling pressure, UNI is back at 3.3U again, which means that this APY may last for some time.
Disadvantages of digging UNI:
First, UNI represents the average profit of Defi mining at present, which is also the profit of the market and even the growth of the industry.
Second, cannot obtain the excess profit, is not the dark horse;
Thirdly, GAS may not be able to catch up with GAS in terms of specific operation.
(3) Suggestions
At the operating level,
If large funds seek long-term stability, UNI is ok, and the UNI double excavation plan offered by other Defi will not be excluded.
It is also good to dig UNI with small funds, repeatedly attacking the so-called super-high APY "head mine". If the strategy is not good, or if the GAS is high, there may be a loss of GAS and even a problem of principal.
On a larger level, we should have more options, under the premise of excellent rather than poor, cold rather than hot.
You know,
Mooniswap&DoDo's TVL growth is much smaller than Uniswap's.
Binance's WING, which chooses ONT, has about 300% APY;
COMP's fork: Percent, Dego, Sushisafe's YFV and APY all exceed 500%;
...
We pursue safety, we also do not despise earth mines, as long as the return risk ratio suitable mines, can go up.
For Bear's personal strategy, most of the funds will be used to dig safer mines such as UNI and CRV, while the rest will be used to blind dig Mooniswap&DoDo, and finally push up the APY earth mine.
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