(DeFi Harvesting) After 10 days of farming (October 9-19), I was able to harvest 3000 MIST that is equivalent to 0.03+ BCH. Instead of selling them, I just put my harvested MIST on the staking pool to accumulate more tokens. From 3000 MIST, it became 2894.9 xMIST. Maybe they deducted some for the fee. Staking MIST on MistSwap Stake pool will allow you to earn a 0.05% share from every swap on the exchange in any chain. It is much better than just holding your MIST in your wallet. Since the day I added LP to the farm, that was October 4, up to date, the total MIST I got from it is already 4960.76 or 0.05+ BCH. The MIST price decreases though. The last time I sold around 2K MIST, that was 0.07+ BCH. This is the perk of Yield Farming. You'll be earning passive income without doing anything. If you have MIST, MILK, EBEN, in your wallet, you better put them to work through staking. I don't like adding LP paired with volatile token though because of impermanent loss, so I prefer staking, unless it is paired with stablecoin. But if you don't like to have impermanent loss but want to farm BCH, BenSwap farm has BCH/FlexUSD LP pool with 54.55% APR. MistSwap has FlexUSD/WBCH LP pool with 78.87% APR. MuesliSwap has BCH/FlexUSD LP pool with 174.56% APR. You can also stake your BCH on BenSwap by swapping them to WBCH and place them on the pool with 2.97% APR. It is too low though but better than just putting your BCH to sleep. BlockNG also has staking for BCH with 21.821% and you'll earn LAW tokens for that. If you have no BlockNG account yet, you can register on this link https://blockng.money/?r=Jane1289. Explore the site and see the opportunities there. Minting PUNK is also available there. You will also earn affiliate rewards on BlockNG. Check the site for more info. But again. This is not financial advice. Anywhere is risky. So be accountable for your actions. That's all folks. How's your afternoon? ©Jane1289 10/19/21
2 comments
I do not understand why, even though the apr percentages remain high, the amount of mist I receive are lowering and close to zero.
Wow, that's Lovely ✨