Yes now, welcome to this week's RUG report!
See RUG's launch post for full details
Week 0017
Another week of up and down to finish sideways. The markets are fairly volatile at the minute and most of our LPs are slipping in and out of earning ranges during the week so we're not earning at full potential. To reset a position might cost 0.5% of the value of that position which does not sound like a alot but if you reset a position 2 times a week for a year, half your money is gone! This is why alot of people lose money providing liquidity because they dont factor in blockchain and conversion fees. For this reason, im not so fast to reset positions because you'll save more than you can make long-term.
With all that said, we still earned a few bucks 😁
See our LPs and assets by weight in the 2 charts below.
| Week | Circ RUG | Wallet $ | Harvest $ | HIVE to @rugem | HIVE to @dailydabs | DBOND Minted | RUG APY |
|---|---|---|---|---|---|---|---|
| 1 | 12,945.76 | $5,781.31 | $75.52 | 335.00 | 83.75 | 251.25 | 68.16% |
| 2 | 13,353.57 | $5,432.69 | $81.25 | 440.02 | 110.00 | 330.01 | 78.04% |
| 3 | 14,143.49 | $5,772.91 | $85.5 | 411.80 | 102.95 | 308.85 | 57.96% |
| 4 | 14,615.47 | $7,037.34 | $116.28 | 510.18 | 127.55 | 382.64 | 64.66% |
| 5 | 15,434.08 | $7,119.59 | $60.48 | 274.10 | 68.53 | 205.58 | 33.28% |
| 6 | 20,854.96 | $9,094.35 | $114.08 | 548.92 | 137.23 | 411.69 | 49.09% |
| 7 | 22,613.19 | $8,210.18 | $256.36 | 1369.54 | 342.38 | 1027.15 | 122.09% |
| 8 | 25,464.13 | $8,932.68 | $132.55 | 740.26 | 185.06 | 555.19 | 58.07% |
| 9 | 29,406.91 | $10,690.01 | $144.38 | 737.92 | 184.48 | 553.44 | 52.86% |
| 10 | 37,363.97 | 1$12,200.96 | $201.05 | 1133.85 | 283.46 | 850.39 | 64.49% |
| 11 | 43,028.10 | $13,153.30 | $89.02 | 532.28 | 133.07 | 399.21 | 26.48% |
| 12 | 35,206.69 | $12,050.84 | $158.48 | 868.89 | 217.22 | 651.67 | 51.31% |
| 13 | 36,994.68 | $13,064.55 | $187.51 | 958.53 | 239.63 | 718.90 | 56.02% |
| 14 | 37,476.27 | $14,220.67 | $253.87 | 1167.31 | 291.83 | 875.48 | 69.62% |
| 15 | 38,011.06 | $12,619.46 | $257.01 | 1323.06 | 330.76 | 992.29 | 79.70% |
| 16 | 34,423.91 | $11,431.66 | $257.01 | 900.07 | 225.02 | 675.05 | 87.98% |
| 17 | 34,956.89 | $11,678.18 | $151.14 | 768.25 | 192.06 | 576.19 | 50.65% |
Just about made 50% APY this week which is still way better than anything else out there. Even better, you are rewarded with DBOND that is pegged to HIVE and not some bullshit token that drops when you sell it. There is a 1500 HIVE buy-back wall on HE for DBOND at 1 HIVE each. Convert your DBOND rewards 1-1 for HIVE all you like, we want the DBOND back bro.
Token price is flatter than a shaken-up bottle of coke, 3 weeks in a row sitting at 33 cents. Borrrringg!!!, WE NEED NUMBER GO UP!!
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.
