Thanks for the link to the 'how to monitor your farm and den evolution' post. I must have missed that one.
I'm in the DEC/BUSD farm which is actually doing better, at least from an APR perspective, than the bLEO/BNB one. I need to work out the figures for when it's worth adding more DEC versus fees to swap half to BUSD etc. Then when I've saved that amount of DEC I will be adding it in.
And . . . I need to work out at what point it makes sense to compound and harvest. Still haven't done the maths yet. ๐
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I suggest you use that tool as it's very good. You get the value of your hodlings in real time and can monitor the evolution, instead of flying blind.
I don't hodl DEC and you're right, it's doing better than bLEO - BNB APR wise but it's also a different pool because DEC is paired with a stable coin, while BNB is not a stable coin. So both the risks and the outcomes are different :)
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I've just spent over 3 hours trying to get my head around that spreadsheet and I now have a headache and am back to thinking this was all a step too far. I've not compounded or harvested anything. ๐ข
The amount in the DEN is tiny so the main spreadsheet is not that useful as it only goes up to 36 hours. However, someone created another one specifically for small amounts but the results differ wildly.
On the original it says that if I compound at 24 hours I neither gain nor lose. On the one for smaller amounts it says I would lose $2.39. In fact at no point (up to 10 days which is the max it shows) would I make a gain.
With the DEC/BUSD farm the original shows a loss of $0.40 at 24 hours and the small value one shows a loss of $17.84.
Since I don't understand the relationship between the 2 I don't feel confident using either.
I've had enough for today. At some point I'll probably going back to simply trying to work out if the amount I compound or farm is at least 5 times the fee. Chasing optimum returns is more frustrating than it's worth for me. ๐
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Oh God, sorry for the confusion, I didn't mean the compounding spreadsheet. That is most likely not even accurate as Gas fees halved since then and who knows if the formula is updated.
I meant https://howmuchismylp.com/, where you can see how you stand. In your case, if you're in the den, that doesn't need a lot of care as it is what it is. DEC/BUSD is another matter but it depends on the holder.
I didn't mean to confuse you Gillian ๐
!ENGAGE 30
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No problem at all. It's very easily done! ๐
I appreciate you trying to help. ๐
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I wish I could do more but I'm just as a beginner as you ๐
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ENGAGEtokens.