Yes now, welcome to this week's RUG report!
See RUG's launch post for full details
Week 0011
What f*&king week! Unbef>&kinglievable. The market just keeps dropping and im pissed off with it. The BTC halving was 6 months ago bro and we're down all around. If things keep dropping like this, I'll need to liquidate the fund and bounce on the PJ to somewhere with no interest.
Trading volumes have been falling as well resulting in the APY's dropping and in most cases by around 50%. I could tighten ranges to get better APY's but we'd fall out of range more often and end up giving half the fund away through paying for conversion and blockchain fees.
Anyways, I jumped us in the new LP this week with FET or whatever its called now. SuperAImega tokens are whatever. I added new funds into a new ETH/BNB LP and moved our existing one into it as well. It's paying 2x APY compared to the one we were already in, cause the new LP has a much lower total locked value.
Long story short, APY this week is shit, we knew they would be shit from last week because this week is based on a 5 day week but even with that factored in, the APY is fairly shit. I say shit but still better than everything on HIVE so our best is better than their best.
Fooking RUG token price is down again, down to $0.31. The market has been brutal but we're lucky im a top G and our losses are minimal. If we chased crazy APY's in the hundreds of %'s, we'd need to use shitcoins which would be much more volatile compared to the tokens we do invest into for our LP token.
Because we only use tokens that are in the top 100 by marketcap, we reduce the risk of dropping 80-90% after the course of a few months. I plan for the long term.
The price has been adjusted on hive-engine. HIVE seems to be holding sideways better than most at the minute even if it is around it cycle low.
| Week | Circ RUG | Wallet $ | Harvest $ | HIVE to @rugem | HIVE to @dailydabs | DBOND Minted | RUG APY |
|---|---|---|---|---|---|---|---|
| 1 | 12,945.76 | $5,781.31 | $75.52 | 335.00 | 83.75 | 251.25 | 68.16% |
| 2 | 13,353.57 | $5,432.69 | $81.25 | 440.02 | 110.00 | 330.01 | 78.04% |
| 3 | 14,143.49 | $5,772.91 | $85.5 | 411.80 | 102.95 | 308.85 | 57.96% |
| 4 | 14,615.47 | $7,037.34 | $116.28 | 510.18 | 127.55 | 382.64 | 64.66% |
| 5 | 15,434.08 | $7,119.59 | $60.48 | 274.10 | 68.53 | 205.58 | 33.28% |
| 6 | 20,854.96 | $9,094.35 | $114.08 | 548.92 | 137.23 | 411.69 | 49.09% |
| 7 | 22,613.19 | $8,210.18 | $256.36 | 1369.54 | 342.38 | 1027.15 | 122.09% |
| 8 | 25,464.13 | $8,932.68 | $132.55 | 740.26 | 185.06 | 555.19 | 58.07% |
| 9 | 29,406.91 | $10,690.01 | $144.38 | 737.92 | 184.48 | 553.44 | 52.86% |
| 10 | 37,363.97 | 1$12,200.96 | $201.05 | 1133.85 | 283.46 | 850.39 | 64.49% |
| 11 | 43,028.10 | $13,153.30 | $89.02 | 532.28 | 133.07 | 399.21 | 26.48% |
Anyways, the public sale is now over and RUG will be relisted at its market value. I still have plans to distribute RUG directly through your HIVE wallet but im having some problems with updating the price and it'll take a few weeks to sort out. Until then, you can buy RUG here
RUG Rewards have been shipped already! See ya'll plebs next week.
Let's go!