BeeSwap- A Better Approach to Managing Yield Farming

in #splinterlands3 years ago

I was discussing LPs (Diesel Pools/Yield Farming) with @balbaabart when he asked a couple of VERY interesting questions:
How it works with the Bonus.
What are Base shares and Bonus shares?
When do we get them?
Particularly in the Swap.Hive:DEC Liquidity Pool.

I'd already directed him to @beeswap because it does provide more information regarding Rewards, timing, APR, etc. than @tribaldex but it does not provide an explanation of these things.
So, I thought I would use my own account to illustrate the answers to some of his questions.

(From @beeswap)
SWAP.HIVE-DEC LP.png

As you can see (circled in yellow) down in the bottom right corner, the 'Daily Bonus' is 1%- this is the Bonus you get for holding shares in the Pool for more than 24hrs. That bonus is paid in the form of Shares in the pool.

Circled in blue, in the middle of the you can see that I have a total of 20,882.337 'shares' in this LP. So, my Daily Bonus should be ~208.82 shares.

Below that, circled in red, you can see that my total bonus (so far) in this pool is 60% with 13,051 'Base' Shares (shares I purchased) and 7,830 'Bonus' Shares. The Bonus Shares are shares that I 'earned' through my Daily Bonus, while holding this asset.

Tomorrow (well, in 7hrs from when I took that screenshot) those numbers should look like this:
21,091 shares
Bonus: 61%
Base Shares: 13,051.461
Bonus Shares: 8,039.69

Now, I may be wrong about some of this but I believe that's how it works. I may 'only' get 130.5 shares (1% of my Base) and it may not pay out the Daily Bonus at the same time as the Rewards but I seem to remember that's how these LPs work.

There is also an enormous amount of 'other' information available through the BeeSwap interface:
How much of each Token you have in the Pool
How much those Tokens are worth (all together)
Then along the right side, you will see a listing of all the different Tokens (as well as how much of each) I can expect to receive each day when the Rewards are distributed.
Now, this listing of Rewards does NOT include the most important reward that this LP offers: SPS AD points. In this illustration, I have ~245K DEC in this pool. In this pool, both the SWAP.HIVE and the DEC count for SPS AD points- so, I get ~490K AD points from this LP (which, at the current drop rate, is ~50 SPS/day). Those numbers fluctuate throughout each day as the value of each of the pair rises or falls in relation to the other (this morning I received 490.5K SPS AD points for my LPs)

Then @beeswap has also provided some helpful aggregations for you:
What those Rewards are worth.
What the APR is on those Rewards
When the next Reward will be paid out (they all happen at different times, I believe)
How long the longest Reward on the Pool will last.

I believe that this should answer most questions that people have regarding Liquidity Pools, Daily Bonuses, Rewards and the data available from BeeSwap (https://beeswap.dcity.io)
Although, TBH, I now have some questions:
When I take Shares out of the pool- does it come from Bonus Shares, Base Shares or proportionately from each?
Does the Daily Bonus pay off just Base Shares or off the whole account?
Do I need to cycle this holding?

Also, an interesting thought:
I could take out 40% of this $$ and, basically, have 0 invested in a $1,200 account......
General Sale is Coming!

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I really, really appreciate it that you took the effort to explain this to me.

De Nada, I realized that I couldn't remember exactly how things worked- after you asked. Now, after my experimenting, I have a better grasp on it all too.

Also, thanks for the tip!
I appreciate it.

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