I was about to do an update post myself - I've been buying in a little more OSMO as I can as well. I have nearly everything staked and I am absolutely LOVING the yields - literally earning over $100/day purely in OSMO tokens, off of basically what was 95% a free investment (I've spent maybe $200 in tokens, and I'm sitting on over 700 now).
This has been such an incredible token - I'm predicting it will shoot to between $15-20 - what are your thoughts?
this has certainly been the best week I've had in crypto for a very long time. I've been searching under the sofa trying to find some more funds to put in to LP or stake. My personal liquidity is dry.
The price scares me a bit, but it only seems to know one direction - up. at current price it is around a $750 million market cap, for a project less than a week old it is insane really. I wake up each morning expecting to see that some ATOM whale has claimed all their airdrop and dumped it on the market. So far supply exceeds demand, and it is draging up the prices of other cosmos tokens. My precious AKT's (my biggest crypto bag) are up over 30% today, for example.
A $15 price puts it close to the top 50 crypto's, and around par with RUNE. Is it worth that much this early? I dunno, but fomo can do crazy things.
Enjoy the ride my friend, but keep your feet on the ground for now.
Do your update, more people need to know how good this is.
Posted Using LeoFinance Beta
I haven't touched AKT yet, would you say it's worth it to perhaps start turning some of my OSMO into it? I've been personally restaking nearly all OSMO earned daily, however today I did take out like $60 worth to buy some more HIVE as I would like to grow here.
However, I feel like because the interest rate is just so damn high right now, it makes no sense to do anything other than just smash the hell out of earning OSMO right now and run it until the well runs dry haha.
You're right, I probably should do my update, I just gotta get more eyeballs on my posts! Any suggestions for getting some more eyeballs from the LeoFinance community? That's really where I want to start growing, as I'm going to really start hammering away on financial content.
Keep crushing it my friend, it's been a glorious week for those of us on the OSMO wagon, despite crypto being mostly doom and gloom as of late!!!
It's up to you, for me my Akash investment is a long time frame holding. Buy, hold, stake compound. Depends on your time preferences really.
Short term, compounding into more OSMO stake, and slowly adding bits and pieces into LP's makes sense.
My OSMO income today from stake and LP was 47 OSMO, worth $338 roughly. To give you an idea of my plans, I staked 25% of it straight away. Swapped 25% into AKT and withdrew it to my akash wallet to stake. Then I added the other 50% into LP's.
As for Leo, gaining traction and regular support is a grind. I've been hanging around here from the start, and the best way I found to gain followers is to be early on something, (for me it was RUNE), and learn about it in detail before the majority arrive, and get it right.
The easiest way to build a fan base is to show people how to make money, teach them something new. That has been my experience so far. I focus on content that is outwards focused, trying to bring views from twitter and reddit. Leo people see that and appreciate if you consistently bring traffic to LEO.
That's my 2c for the day.
Good luck, I'll look forward to your future OSMO updated.
Posted Using LeoFinance Beta
This is brilliant, thanks a ton for the information. I like your strategy about playing around in both OSMO staking and LP - I only have about $100 in LP at the moment, but I think I'm going to focus on that a bit more with my daily earnings moving forward. Probably something like 40% staking / 50% LP / 10% HIVE (I wanted to start building this up here too).
As for a content strategy, that's actually a really smart strat as well. I currently am working on a project called TradingDojo.io, where I'll be building a website that's focused on everything under the sun regarding finance - education, crypto, stocks, investing, retirement, FIRE, books & content, and then of course creating my own content (youtube vids, maybe some live streams/trading streams, etc).
Integrating LeoFinance/Hive into this strategy seems like it would work pretty well too, as a good way to tie all things together. This also fits in line with your strategy of bringing external traffic inward to the platform.
Thanks again for your advice and content - I truly appreciate it, and I look forward to reading more from you. I'll be sure to share my OSMO strategy and update when I post it!
Hey, question!
I'm averaging about 15 OSMO/day now from my staking (I have 705 staked, and only like $80 worth of LP tokens in the OSMO/ATOM pool).
How do I view what I'm earning from the OSMO/ATOM pool, and what makes more sense - to keep stacking up OSMO as staked tokens, or to push more into the OSMO/ATOM pool? I'm unsure at this point.
Thanks man!
Your earnings from the pool should just appear in your wallet, as long as you have bonded the LP tokens (staked them for either the 1,7 or 14 day option).
As for what makes sense, it depends on your goals. Pooling adds some diversification, if you are concerned about an OSMO drop. If a drop does happen, then you will gain more OSMO tokens in the pool via IL. Pooling while your target asset is high valued, and then unpooling after a can be a good active LP strategy - providing the token goes back up after unpooling.
It really is a personal decision, I'm doing a bit of both.
Posted Using LeoFinance Beta
Thanks a ton for the breakdown.
So impermanent loss can actually be a positive thing in terms of acquiring more OSMO tokens - neat! This makes a lot more sense to me now. I wasn't quite sure how to figure out what my earnings were / etc.
I also like adding some diversification by splitting my assets up into two tokens vs 1 - so perhaps I will move forward with an 80/20 approach now (80% stake, 20% LP'd).
Appreciate your wisdom as always - you're quickly becoming my personal knowledge base, haha! Maybe you'd like to be a contributor to the new project I'm working on, TradingDojo.io. I'll be looking for content and trading course/educational gurus :D