Yes now, welcome to this week's RUG report!
See RUG's launch post for full details
Week 0003
A very easy week with almost no maintenance work required. I did have to pull and redo the SOL/BNB LP because it fell out of range but that happens and I expect to have to redo each LP every 1-3 weeks. PEPE/BNB is unchanged in 3-4 weeks and still sitting middle of its range so it's extremely low maintenance which is cool because it yields crazy good as well.
Check out which LP tokens we holding and how the fund breaks down into individual cryptos. No bullshit either (many BONK is a little BS but its yields good)
The assets we hold swing from week to week so next week the above chart might look completely different even if we hold the same LP tokens. Because we supply concentrated liquidity, our asset swings are very violent. Im a fooking trooper so that shit dont faze me bro, eyes on the prize always. If the SOL/BNB LP falls out of range, it will contain only either BNB or SOL depending on which way the market took it.
We dont really suffer from IL because I base our investments in dollars and we're really only losing when an LP token goes out of range (in terms of dollars). Below are this week's RUG prices in HIVE and dollars.
HIVE made a small comeback this week while the dollar value was stable resulting in a lower HIVE price. So right now, RUG are priced for sale at exactly the right price. The HE sale will last for 2 more weeks and then it'll be direct sale only.
You can see below this week's harvest was on par with last week's. It converted into 411 HIVE which we used to ship out 308 DBOND to RUG holders and powered up 103 HIVE to @dailydab. The APY for RUG this week is a slap your mum... 58%!
Rewards are sent as staked DBOND if you are wondering why you cant see them in your wallet.
| 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 | 51.12% |
| 2 | 13,353.57 | $5,432.69 | $81.25 | 440.02 | 110.00 | 330.01 | 58.53% |
| 3 | 14,143.49 | $5,772.91 | $85.50 | 411.80 | 102.95 | 308.85 | 57.96% |
| 4 | $ | $ | % | ||||
| 5 | $ | $ | % | ||||
| 6 | $ | $ | % |
See RUG's launch post for full details
Keep it coming!
Nooooooooo! It has to be a Bentley!
Looking good!
I bought 1 RUG to put my 195 DBOND on it, plz tell me before you pull it !LOLZ
!ALIVE
lolztoken.com
I don’t know and I don’t care.
Credit: reddit
@dailydab, I sent you an $LOLZ on behalf of sylmarill
(7/10)