@ChristinaMadart
Goblins.cash Question Time! I am confused and trying to understand the mechanics of #goblins cash as better as possible, so that I can decide how much I am going to invest in it! Right now the website says the APY is 147,949.9 and it gives me the following info in regards to my assets & my yields: Your Balance: 0 GOB Your Staked Balance: 0.025125 sGOB Next Reward Amount: 0.000168 GOB Next Reward Yield: 0.6689% ROI (5-day rate): 10.5172% Can somebody explain to me what that means in terms of: What is the difference between GOB & sGOB, how much GOB / sGOB I am going to yield and when, as well as what do the percentages "Next Reward Yield" & "ROI (5-day rate)" mean? Sorry for the noob questions if they are indeed noob, I have just recently started getting how Farms, Pools, Liquidity etc work and this is something new for me! But I really (REALLY) want to get a good grasp of it as soon as possible, because only thinking how much more I could have earned if I understood 2 months ago what I do now about farms - pools etc, I am beating myself up for not being faster on exploring it deeply! The last few days I have decided that the biggest portion of my earnings here, on Read and on various other sources of internet/ blockchain income is going on SmartBCH projects, to build me wealth over time! The only reason to rarely route it elsewhere will be urgent need to fund something that I cannot do any way otherwise! ***** UPDATES (Answers that either I have found myself, or were given by others): 1) Difference between GOB & sGOB: GOB is the main Goblins token (which as they say, aspires to become a decentralized reserve and revenue protocol backed by other decentralized assets), while sGob is the amount of our staked GOB. I will be updating this post as soon and as many times I have more information, also adding links to it, so if you are interested it would help to bookmark it/ pin its tab on your browser and check once a day!
2 comments
This farm works somehow differently than normal farms. This high APY is actually not that high. When I started, they gave more than 13,000,000 APY and I only had 13% more GOB in 4 days. In normal farm I had had with your APY 13,000,000/356 = 35,616% per day, so 142,465%. You have to consider this ROI 5-days. It is now about 10%, which means that if you have 1 GOB, after 5 days it becomes 1.1 GOB.
Thanks for the answer @Telesfor ! I updated the post once with the answer on the difference of GOB and sGOB, I will be updating it as soon and as many times I have more information, also adding links to it, so if you are interested it would help to bookmark it/ pin its tab on your browser and check once a day! When I have enough information gathered I will try to write an article on Read too, but that will take some days for sure! It is still unclear to me what the APY represents and why they display it if it is not what we yield, but I have found the Whitepaper & the FAQ on their site, I think I ought to read it carefully tomorrow and make as much as I can from it if I want to have a deeper understanding and insight on the project! By calculating based on what you wrote about the ROI it's not so much that I earn, but from the little I read on the FAQ (I am ready to call it a day and relax - prepare to go to sleep early, so I couldn't concentrate a lot), the tokenomics are based among other things on #GameTheory , and aside from the token's price rising I believe that there are/ will be more ways to earn from investing on it. But I'm not able to make any real personal evaluation until I dive deep into that reading! 😸