August 2, 2021
It's a new month for new opportunities, challenges, and of course, profits. I have shared in this article Defi Staking And Providing LP To The Pool, My June Profit about my crypto profit last month of June, in staking, farming, and lending. Let's take a look at how much I earned last month of July.
PanCakeSwap Auto CakePool
Auto CakePool on PancakeSwap provides auto compounding for its users which is more convenient than the manual one. My 11.886 CAKE earned 1.69930 CAKE last July which gives me a total of 13.58538 CAKE.
Since it is auto compounding, I did not bother harvesting my profit and just let them earn compounding interest as well. So from 13.58538 CAKE, it became 14.41956 CAKE at the time of writing (August 1 @6:30 pm). That gave me 0.83418 CAKE profit which is lower than the previous month.
That may be because the APY decreases from 106.15% to 98.53%. But this is better than having no profit at all, lol.
CubFinance
On CubFinance, I have staked in both Dens and Farm. Your crypto can actually earn more if you will add LP tokens on DeFi Farm, but since I don't want to use non-stablecoins on DeFi Farms, I just chose to put some of my CUB on the Dens because I don't have enough BUSD to increase my LP tokens.
CUBFi Farm
The CUB Farm APY decreases from 180.32% to 152.38% at the time of writing. If last month I earned 26.956 CUB, this month of July, my profit decreases to 23.086 CAKE. But this is still better than nothing and will become bigger once the CUB price hits its new ATH, in the future, lol.
CUBFi Dens
I did not actually earn much here because my staked CUB is only 50.903 and the APY decreases to 66.7%. So for July, my profit was only 2.637 CUB.
CUBFi Kingdom (Auto Compounding)
I remember the @PVMihalache article about the new feature on CUBFi which is auto compounding. After checking the Kingdom of CUBFinance, I saw that the CUB AutoPool has 94.67% APY which is higher than the APY on the Dens.
Because of that, I moved my CUB from the Dens to the Kingdom. The fee for approving the contract costs $0.11. I then deposited the 50.903 CUB where I spent $0.85 for the fee in depositing CUB to the Kingdom pool.
After depositing my CUB to the Kingdom pool, I forgot to include my profit from the Farm. So again, I harvested my profit from the Farm where I spent $0.31 and deposited them to the Kingdom CUB AutoPool which costs another $0.81 for the fee.
This gives me a total of 76.555 CUB on the Kingdom CUB AutoPool that will be earning 0.18% daily interest. And the total fee I spent here was $2.08 which was quite a pain in the ass.
But I'm looking forward to earning more profit from here.
NEXO Lending
I had regretted moving out my crypto from Flex Terms to Fixed Terms because last month, there was an error in creating my Fixed terms. Therefore, I had no choice but to put my assets on the Flex Terms. Unfortunately, the interest restarted as well, so from $3+ weekly interest last June, it became $0.50+ weekly last month.
Because of this, I decided to just put my assets on Flex Terms until the time that I want to withdraw them already, so the interest will auto-compound and will become bigger day by day.
The only problem in putting assets on the Fixed Terms is that you can not easily withdraw them as you need to wait for the redemption period and I'm quite worried about some bugs and glitches on the Fixed Terms lately.
After computing my earned interest on Nexo this month of July, the total was only $2.0431 profit from both BCH and ETH which is too small compared to the previous months. But again, this is better than nothing.
BNB Vault
My small BNB on Binance Vault is giving me more tokens from the launchpool rewards.
Aside from BNB Vault, my assets on my Saving Account are also earning small interest daily.
This recent dip was the best time to buy more crypto, only if we have cash, lol. At least, my DeFi assets are working and giving me small profits amid the volatility of the crypto market. That small profit is better than just letting our assets sleep on our wallets. Why not let them work for you?
Thanks for your time.
Diko pa natry 'yung auto compounding sa cub nakakalimutan ko lagi haha. Gawin ko na ngayon, yung cake naman try ko magbuy mataas apy e