Yes now, welcome to this week's RUG report!
See RUG's launch post for full details
Week 0015
| 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% |
| 12 | 35,206.69 | $12,050.84 | $158.48 | 868.89 | 217.22 | 651.67 | 51.31% |
| 13 | 36,994.68 | $13,064.55 | $187.51 | 958.53 | 239.63 | 718.90 | 56.02% |
| 14 | 37,476.27 | $14,220.67 | $253.87 | 1167.31 | 291.83 | 875.48 | 69.62% |
| 15 | 38,011.06 | $12,619.46 | $257.01 | 1323.06 | 330.76 | 992.29 | 79.70% |
Its has been a very strange week for us. We spent around half of the week out of range for our 2 biggest LPs but we have really good earnings. This weeks APY is equal to 79%!, madness!
Our biggest earnings LP this week were PEPE, BONK and FET. Even with being out the range for half the week, the trading volumes with PEPE and BONK have been sky high showing over 400% APY at one point for both.
Market volatility has somewhat calmed down and everything at the time of writing is back in range. I could change the range of an LP as soon as it stops earning but doing this can cost 0.5-1% of the LP token value and sometimes it's better to wait a few days to see if things are correct.
As an example, our PEPE and BONK LP are worth $7000 so setting them to a new range would cost between $35-70 and we need to think, will earn that in fees within 24-48 hours. It's all risk vs reward and being aware of blockchain fees and conversion fees and this is how many people get wrecked. They see they are not earning on an LP and change the range, they might change it 6-10 during a week and wonder why they are breaking even when the market is up 5-10%, baa-hahaha.
Below are the LPs we are involved with by weight and below that is the breakdown of the LPs into signal cryptos/tokens.
The whole market is down 10% this week and our bag's value has followed the market. The price has dropped from 39 cents last week to 33 cents this week. With us being heavy on meme tokens, we can hope and pump in the market will see our bags pump as well. Of course, we only really see half the gain because it's matched off with BNB and the same on the downside as well. The token price has been floating at this level for 7-8 weeks already so fingers crossed the crypto gods start to smile at us a little more.
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.
Good old Pepe!