When it comes to crypto, the only thing I'm good at is HODL. For me, this is probably the simplest and easiest way to save and gain in the future. This is also perfect for those who are too busy or lazy to explore the other side of the cryptoverse.
But if you want to earn a passive income or make your crypto do the work for you, you must take the time to explore every possible way even if it means you need to endure a few headaches once in a while. And so, after a year and a month, I finally got the guts to explore farming and staking on DEX for the second time around.
Oh yeah! It's not my first time as I already tried this one on CubDefi. Unfortunately, even if the experience took a few months back, I barely learned much from it. Unlike some of the Club1BCH fam, who are so good about it and earn decent amounts, I just can't find my way back to farming until just recently.
Yes, all thanks to BenSwap, I am now enjoying every bit of it. Setting up everything was not so complicated anymore for a noob like me, thanks to @carisdaneym2's articles and my club fam. They have been so supportive and patient enough to teach me the basics up to the complex one.
And after a few days, I am so amazed at how my little investment is already giving me profits. Oh, I don't have much because I'm not a risk-taker just like the others. However, as a noob, the little profits I earned and the experience is more than enough. As I have always said, a small profit is still a profit.
So now, let me share with you about my little harvest on BenSwap.
EBEN
If my screenshot is accurate, I did my first transaction on BenSwap last August 29. I sent a total of $47 in BCH to Coinflex and then to Metamask. From there, I decided to swapped some BCH to EBEN during their presale.
Okay, I forgot to record every detail so not sure how cheap it was when I swapped some of my BCH to 50 EBEN. When I got the EBEN, I waited for the presale to end and another few hours, so I could finally stake them.
When it was already live and ready for staking, I then staked 50 EBEN at the pool. I also swapped 0.11 BCH for 51.9 EBEN and 60 CATS I got from an airdrop. From 50 EBEN, I made a total of 112 EBEN in just a few days.
But just this morning, when the price went $2.50+, I decided to pull out 60 EBEN or 0.17 BCH, which was a bad move. I should have just waited for a while or HODL it long before unstaking some. Also, I shouldn't have pulled out half of it in one transaction. This way, in case the price continues to go upward, I still have some at staked and gain a little more.
CATS
Thanks to their airdrop, I got to hold a total of 160k CATS, of which 100k of it was used for LP. I chose CATS-BCH as I want to make good use of these 2 and earn extra EBEN.
As I've said, I added 100K CATS with 0.02699 BCH to complete my liquidity. It was a great decision for me as it helped me earn EBEN fast that I used to compound. As I've mentioned, I swapped 60k CATS to EBEN to add more to my pool.
Although I swapped 60k CATS, I still have 100K to HODL. I almost got tempted to sell some of it this morning when the price was dumped but glad I didn't.
Fast forward, and my investment of $47 in BCH gained more or less 116 EBEN. As the price went up to $2.077 at that time, I only decided to take half of my EBEN and converted it into BCH when it went down to $2.055.
I could have gained more if I didn't unstake 61 EBEN at the price of $2.055. Despite that, I have no regrets at all because I gained something and did not lose anything. In fact, I earned probably 150% from my investment, and I still have less than 61 EBEN left in my wallet for HODL. Yes, it may not be a lot, but I will try to buy and sell just like what others are doing.
So here's a little summary:
Invested: $47 in BCH
Profit took: 61 EBEN = 0.173 BCH or $136
EBEN left: 56.456 (pool) + 51.9 (farm) (current price at $2.649)
CATS left: 100k or 0.329279 BCH at the time of writing
Closing thoughts
I'm enjoying this new adventure in crypto, and aside from the new fun experience and earning extra more, I am so happy that I am not alone in this journey. I have my so-called classmates here like sis @nheng1118 @ExpertWritter @bheng620 and a few more others from the Club1BCH. Honestly, our TG is a lot noisier than ever now.
If you're having a hard time understanding any of this or how to try BenSwap for the first time, feel free to read Cari's articles below:
Ako mandin ang hinayang ko. Nag buy ako sa halang $6+ lang tas nakakuha na ako ng 50 EBEN. Imagine if nilakihan ko un huehue. Sising sisi mandin ako huehue. Nag ririsk na nga lang si pa nilakihan 🤕😂😂