yo - need to dilute that 1000% APR.... i been saying - for smaller portfolio - do the VIP programs for the insane APRs - if you dont like holding $INIT price risk, hedge it on the perps - no other eco is giving these APRs - bring back defi summer
Kamigotchi Epoch 1 APR :
(3007 esINIT)*365/14*$1.22(INIT price)/5.5 ETH ($14300)
APR = 668%
———————————————————————
Kamigotchi Epoch 2 APR :
(10,125 esINIT)*365/14*$1.22(INIT price)/10 ETH ($26000)
APR = 1,238%
———————————————————————
I’ve been observing the number of Kamis mining the Kamigotchi VIPP node every day
As a result, the average number of Kamis mining each day was 550, and I was mining with 77 of them
That’s a 14% share
After the $MUSU-to-Kami minting update was announced on X, the number of Kamis on the VIPP node dropped from 550 to 428, a 22% decrease
Currently, I have 87 Kamis deployed out of 428, which gives me a 20% share
I’ve been mining the VVIP node with :
5 days at 14% share
8 days at 20% share
Over a total period of 14 days :
5 days had a share of 14%
8 days had a share of 20%
(The missing day was spent farming $MUSU, so I counted it as 0% in the calculation)
The average share over the 14-day period is approximately 16.43%
16.43% of 61,629 $esINIT is 10,125 $esINIT
I just fucking love @initia 🪢
I just fucking love @kamigotchiworld 💚
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