For anyone who did not see my previous post, I decided to follow an investment strategy I call BLUE-FAMA for this current year. I outlined what I am buying, in what percentages, and what are my price targets.
None of those have changed. However, I did make some changes regarding the Yield Farming and the Defi Apps I am using. So, a quick update on that.
Extra Yields: Which Defi protocols do I use
LUNA
I’ll start here because this is the biggest change.
I was previously borrowing UST from Anchor when the yield was positive. However, the yield has changed. Plus, I am not super bullish on the ANC token.
So, I decided to take my LUNA and put them in Prism Protocol. When you do that, you divide your LUNA into yLUNA and pLUNA.
I am staking my yLUNA at a 18% APR.
When the vesting period ends, I claim and pledge the PRISM tokens to earn a higher APR on yLUNA.
I am just holding my pLUNA, waiting that someone develops some kind of use for it. I don’t put them into liquidity pools due to impermanent loss risk.
Ether
ETH is my largest bag so I get to diversify a little bit.
60% is deposited into QiDao WETH vault on the Polygon network. I took a loan of MAI with a 200% Collateral to Debt Ratio. That MAI is converted into UST and redirected to Anchor Protocol using Wormhole Bridge.
20% is in Rocket Pool ETH on Optimism.
20% is in Rocket Pool ETH on Arbitrum.
Rocket Pool ETH (rETH) is a way of staking your ETH without paying expensive layer 1 fees. In addition, both of these networks will release tokens sooner or later and it’s more than likely that they are going to do airdrops.
Bitcoin and Matic
I use the same strategy for both, which is the same as ETH.
Deposit WMATIC and WBTC into QiDao vaults
Borrow 50% of collateral value in MAI (Stablecoin), convert into UST, and redirect it to Anchor Protocol using Wormhole Bridge.
Tip: Transform your QI rewards into TetuQI for maximum yield.
Avalanche (AVAX)
Stake AVAX in BENQI. You’ll receive sAVAX.
Deposit sAVAX into a vault in Ribbon Finance, to earn an additional yield.
The vault earns yield on its sAVAX deposits by running a weekly automated sAVAX covered call strategy where it stakes its sAVAX deposits in Benqi and then uses its sAVAX to collateralize weekly out-of-money sAVAX call options. The yield earned from both the covered call strategy and the sAVAX staking rewards are reinvested weekly, effectively compounding the yields for depositors over time.
Atom
I am staking using KEPLR.
Fantom
See this tweet from a couple of days ago to understand my Yield Strategy.
Disclaimer: this was NOT financial advice.
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