2021.10.19 19:23 AlpacaFinance Alpaca Finance - Alpies NFT sale Oct 19 10pm GMT+8 In this thread, we'll do a break-even analysis, calculating how much most leveraged yield farmers can expect to earn from an Alpie's 50% max leverage boost & comparing that to an Alpie's cost
| Alpaca Finance - Alpies NFT sale Oct 19 10pm GMT+8 @AlpacaFinance In this thread, we'll do a break-even analysis, calculating how much most leveraged yield farmers can expect to earn from an Alpie's 50% max leverage boost & comparing that to an Alpie's cost.|
From an on-chain snapshot on 10/14, the above two pools had a total of 1040 positions and an average equity value of 185.4 BNB The avg APR of the 2 pools at max 3x leverage is currently 74.64% and the avg APY 111% https://app.alpacafinance.org/farm Now let's calculate a 50% boost
A 50% boost to max leverage would turn 3x->4.5x. That means the components of APR would become: (adjusted from avg of two pools) YF: 51.84->77.76 TR: 52.39->78.59 AR: 9.18->16.07 (1x not counted) Borrowing Interest: -38.78 -> -67.87(1x not counted) Total APR: 74.64 -> 104.55
An APR of 104.55, with daily compounding, equals 184.06% APY (https://aprtoapy.com) This is an increase of 73.06% APY over the previous 3x avg of 111% That means given an avg equity value of 185.4 BNB, the avg farmer will earn an extra 135.45 BNB/year.
With avg profits of 135.45, it's clear the vast majority of farmers will earn much more owning an Alpie compared to a cost of 8.88 BNB Yet, we can also calculate what is the break-even equity value for a farmer if buying an Alpie at 8.88 BNB.
Let X = equity value 2.11 = equity value after 1 year at 3x 111% avg APY 2.8406 = equity value after 1 year at 4.5x 184.06% APY 2.8406X - 2.11X = 8.88 BNB .7306X = 8.88 BNB X = 12.15 BNB The break-even point for buying an Alpie at 8.88 BNB is 12.15 BNB equity value.
With avg equity value being 185.4 BNB, it's clear the vast majority of farmers will earn much greater profits from owning an Alpie. That's without mentioning that many users have more than onr position and 1 Alpie will boost all of them.
Though higher APYs are appealing, users should note that higher leverage comes with a higher chance of liquidation. So you should still be sure to choose your positions well and manage price movements with alerts. Learn more about liquidation here: https://t.co/VLPdsPj5Po?amp=1
A couple final details to add in addendum for some context are that we had ~10k positions during this snapshot, and have over 56k token holders (https://defistation.io)
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2021.10.19 19:23 Claytkn 📮
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2021.10.19 19:23 The-Man-From-Ire What's on your October watchlist?
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2021.10.19 19:23 domemaster12 Lodging specifically build for the mountains. The hybrid of Glamping, Vacation Rentals, and Hotels
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2021.10.19 19:23 EpicFolkHero How to complete Death Symbolized Quest Walkthrough The Witcher 2 ( How to find Symbol of Death ) - This is legit one of the most important videos on YouTube. It’s historical. This quest is a bag of shit man thank god for YouTube
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2021.10.19 19:23 chriskuva Need rec on professional microphones for a group video interview
It needs to record clear and pro sound from 2-4 people consistently. The location changes from small to big spaces with sometimes echo and a lot of time background hums are a problem. This is for a YouTube channel with an investing budget behind it. Currently, our cameras alone are north of $12,000 combined.
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2021.10.19 19:23 Thursday_the_20th You know what I miss more than 7 years of being together, our home, and our secure future together?
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2021.10.19 19:23 UKNewsByABot Schools warned over facial recognition systems
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2021.10.19 19:23 malbolge69 Just thin branch rounds with some painting.
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2021.10.19 19:23 Likostos Buddy Cop Style games?
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2021.10.19 19:23 EskimoBro_1869 Texas BLE Licensing Issue— How long did you have to wait?
The delays seem to be never ending. I completed the Texas component last Wednesday and have not received an email or any kind of confirmation even though at the end of the TX component it confirmed I was done. The website says it takes 2-3 days to process everything to be eligible for licensing/paying dues and everything else to start practicing. I scheduled a swearing in ceremony tomorrow but I guess I’m going to have to postpone it because of how slow things are moving. After talking to the Texas Bar membership people, I feel even less confident that my information will get processed anytime soon.
Has it taken this long for others in TX? I can’t even get in contact with the Texas BLE— it just an automated message and no response to emails.
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2021.10.19 19:23 feedimo Richie Berrington pounds Scotland past Papua New Guinea at T20 World Cup
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2021.10.19 19:23 bigboj213 When did you finally snapped at the school nurse for being so useless?
2021.10.19 19:23 creedthebluefox 3 adults physically restrain a screaming child to pierce her ears
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2021.10.19 19:23 LostInSpace505 Flag of vex-iollogy
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2021.10.19 19:23 snkde Amazon.com: LEGO Classic Green Baseplate $5.99
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2021.10.19 19:23 ewelin34 Can a combination of drugs make a meaningful difference for people with Fragile X? A new clinical trial is going to find out. 15-20 adult men with Fragile X will be included in this upcoming trial, which will test the effects of an available drug and a nutritional supplement taken together.
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2021.10.19 19:23 spydergoesrawr Fun fact: beau loves all furry animals
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