Yes now, welcome to this week's RUG report!
See RUG's launch post for full details
Week 0004
Bro, we have a 8-day week this week because I was out partying and missed yesterday (where did Friday go?). I must have done too much and blacked out, Tate and Elon peer-pressured me so it's their fault.
Moving on, RUG rewards were still shipped out last night to all so no disruption as far as rewards go and let's be real, thats all you care about. The charts below are nice to look at but what do they matter if you're not getting paid, right? I get that, im a bro to bro and I want to be paid as well.
Hmm, this week has been super easy and I have not had to touch any of our LP tokens. I guess I just set them up perfectly (or got lucky). Check out below which LP's we are involved with and how much of each crypto we hold.
I took the HIVE from this weeks RUG token sales on hive-engine and put it all into the BTC/BNB LP cause its nice to have some BTC. The APY is not the best, infact its fairly shit but BTC is the only real crypto, the rest are tokens, so it's only right we have a small stash. Our patented Rugnology©️ tech is better than BTC but it says we should own some BTC. 🤣
The RUG token price increased this week for both dollars and HIVE, which really just means our LP tokens outperformed HIVE. Each token is currently worth $0.48 and pays an APY of 65%. I told you plebs from the start, im not here to play about. Where is the money? Im showing 50%+ APY's and we're selling RUG like we're yielding a pissy 10%. The bros need to sort their shit out, you cant make money if you dont spend money, bro.
| 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% |
In 4 weeks, we've collected $359 as rewards and converted that into 1700 HIVE meaning we're currently buying back around 20k HIVE per year, if we double the amount of circulating RUG, that would be 40k per year. RUG long term will buy back much more HIVE than we sell out and should be seen as an HIVE bullish project because we're buying HIVE every week, converting USDT collected from LP rewards into HIVE each week, forever.
You'll notice you received 2 DBOND rewards this week from either only @rugpay or 1 each from @rugpay and @rugem. I skipped a beat and forgot to tell the coder to blacklist @rugem from RUG rewards. Long story short, there were 10k RUG tokens in the @rugem wallet at the time of reward distribution so almost half the DBOND rewards went to @rugem. To fix this, I listed the RUG tokens for sale and processed the 2nd payment to make up the missing amounts from the 1st payment. Anyways, all sorted now and in future, you'll receive 1 payment from @rugpay each Friday as staked DBOND Thats about all I can think of for this week's plebs. Enjoy your 65% APY this week cause next week is a 6-day week and it'll be closer to 50%. I say that like it's a bad thing, ba-hahaha.
Have a great week, im off to the Bahamas to do some yoga with that dog from Family Guy. See ya'll next week!
See RUG's launch post for full details
I need to place a quick shill on this because our wallet is still worth under $10k and I want this to be worth my time.
Remember RUG tokens are fully backed by the assets shown above, we're fully liquid and able to process cashouts within 48 hours. This is very rare on HIVE for a project to offer such liquidity. If you buy $10k of RUG this week and want to sell them all back in 1 month, you can and we'll pay 100% of their worth (no cash-out fees). Dont think of RUG as an HIVE investment, think of it as a dollar investment. Convert almost any crypto on almost any chain to HIVE using Simpleswap, a non-KYC crypto bridge website.
Have an upvote bro, I believe in you!