My staking profit over the past few days on Tropical-Finance-DEX has been insane. I'm making almost 150% return, just by staking my DEX native tokens Daiquiri. This is possible because Tropical-Finance-DEX has a very high staking yield, much higher than other DEx platforms on smartBCH at the time of writing. This means I am making a lot of profit without having to add liquidity for farming.
I spent the past four days in a state of constant excitement, watching my DEX portfolio go up, up, up, up, up. I am currently sitting on a profit of over 150% just for staking in the past four days. The main reason for this profit is the insanely APR on the Daiquiri single staking pool, which is not the case on most smartBCH DEx. Within the four days that I have been staking my Daiquiri tokens, I have made over $800 in profits.
That is insane, right?
Now you may want to know how much I invested to earn such a huge amount of profit in just four days. The answer is not much at all. I currently have a total of $1,650 invested in Tropical Finance DEX across three staking pools. I started with an initial investment of 1 WBCH which was about $427 at the time I bought Daiquiri on the presale date.
I staked my 3487 DAQ immediately after the Tropical finance DEX was launched. With the insanely APR on Daiquiri single pool, I was making between 250 to 300 DAQ in 24 hours. With my experience with Benswap and EBEN token, I started using the compounding feature every 24 hours.
This allowed me to increase my stake amount by a small amount each day. And my profit keeps increasing each day as well, The compounding feature is absolutely amazing and I recommend everyone to use it.
I bought the dip again
You wonder how? I unstake my DAQ after noticing the price per token going taking a dip, and immediately swapping them for FLEXUSD, the stable token on smartBCH. This was a well-calculated move which resulted in me making another $150 in profit within minutes. I bought the dip with 500 FLEXUSD, giving me the additional profit before staking the DAQ again. I did this because I wanted to buy more at a cheaper price and increase the numbers of Daiquiri I hold.
The remaining FLEXUSD was sent to the FLEXUSD single pool to earn more Daiquiri reward tokens from the pool. I will continue doing this until I reach a holding of 1,000,000 Daiquiri.
I also have a few tokens of CELERY in a single pool that's also making some DAQ for me which I didn't add to the profit I mentioned in this article. I will leave it and the FLEXUSD pool to continue. Since there is no compounding feature for these pools I keep harvesting the yielded Daiquiri and adding them to the Daiquiri pool to earn more yield.
I can confidently recommend anyone who can take the risk to try staking some tokens on Tropical finance Dex. The Daiquiri single pool APR is still very high, a $10 for a start wouldn't be too much a risk to take. I would recommend to take the risk until you see a sharp increase in Daiquiri price to earn a good return on your investment.
Tropical finance Dex is an innovative Dex on SmartBCH bringing a lot of benefits for it's users. The only Dex that reward stakers directly for keeping their tokens on the platform. No other Dex has such incentives for stakers. With no forced staking after 5-minute blocks. With no bubble price action. With a lively community a team that is very accessible and communicative.
Back to my profit testimonial, am very excited for the result I have been able to achieve with Tropical finance Dex in the last four days. I strongly recommend anyone who hasn't tried staking their tokens in smartBCH, to consider staking some Daiquiri coins on the Tropical finance Dex today.
If you want to take part in the current boom in staking, take some time to check out the things that makes Tropi DEX stand out.
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Have a question if you won't mind, how do you unstake your staked Daquiri