My pig went DRIP on me!!!
I increased my DRIP output by 41%!!
…got changed into this…
So one of my pigs, in Animal Farm got turned into some DRIP and deposited into the DRIP faucet!
Here’s what happened, why it happened, how it happened, what has happened since, & my plans for the future.
(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. I am not an advisor for this nor am I suggesting any financial action on your part. DYOR. NFA.)
What Happened?!?!…Why it happened???…How did it Happen???
In a nut shell, I converted 1 of my AFP tokens into some DRIP tokens & then staked them in the DRIP Faucet.
In my last article about my Pigs, Herding The Pigs, I talked about how I was in the process of changing my strategy on the Pig Pen , Animal Farm.
So I did that…
- I waited until I reached 1.02 Pig available in the Pig Pen, on 3/20/23.
- I then unstaked those1.02 AFP tokens (my Pig) & converted it back into BUSD.
- It got converted it into 72 BUSD!
- This then also compounded my BUSD & AFP earnings, since 2/25/32 (over a whole month). See the next line…
- 3.521515 BUSD was withdrawn into my wallet & 0.013591652 AFP ($0.95) was compounded by into my staked balance, bringing my staked balance up to 1.19 Pigs.
- This also brought my Pig Pen ROI up from 9% ROI (after 5 months) all the way up to 42.07% ROI (in a single day)!!!
- I then took the 72 BUSD & split it. I kept 25 BUSD for profit & converted the other 50 BUSD into 0.15 BNB.
- I then converted that 0.15 BNB into 110.53 DRIP.
- The 110.53 DRIP tokens were then staked in the DRIP Faucet.
- This then took my 396.071 Deposit balance all the way up to 504.29! (increasing my DRIP earnings from 3.96 daily to 5.04 daily)
But why…???
Well, I can earn more in the DRIP Faucet than I can in the Pig Pen.
The day that I did this, DRIP was at $0.44 each. I was earning 3.96 DRIP daily ($1.74 daily). In the Pig pen, I earned $1.46 in 14 days, or $0.104 daily.
This is a HUGE difference!!!
I decided that my money would be a better investment in the DRIP Faucet than the Pig Pen. So I moved 1 of my Pigs to the DRIP Faucet.
What has happened since?
So I moved it over on 3/20/23. It is now 3/27/23.
I withdrew 19.58 DRIP on 3/25/23. This was around $8.34 after taxes.
Since 3/25/23, I have earned 11.016 DRIP ($5.42). At current prices I’m earning around $2.46 daily.
This is around a 41% increase in earnings!!!
I still have 5 more days until my next withdraw. This means that I should have around 35.28 DRIP earned ($15.52) by the end of the week. This would bring my ROI up to around 27% ROI, up from 23.79% last weekend.
I’m tweaking this strategy, so it might be even higher by the time I’m done with it. (I’m still working out the numbers on how many times I want hydrate vs earn every week.)
What Now???
Currently, I have 1.19 Pigs staked. Once my available pigs to withdraw gets all the way up to 1.19, I’ll then do the same thing with my other pig. This will deposit any earned BUSD into my wallet & compound any earned AFP, which I will withdraw again after a little while longer.
If I’m able to sell my other 1.19 AFP tokens for around 72 BUSD again then it will take my Pig Pen ROI up to 73%! I’ll still be around $62 short but should be able to make that up quickly in the DRIP Faucet.
I’ll then split that 72 BUSD up just like I did before. 22 BUSD will stay in my wallet. the other 50 BUSD will then be converted into around 106 DRIP tokens (95.74 after taxes). This will then increase my DRIP faucet deposit balance up to around 599 DRIP.
At 599 DRIP, I'll earn 5.99 daily ($2.81 daily at current prices). This equals $19.70 weekly, $78.82 monthly, & $945.94 yearly. This is also if I only withdraw my earnings.
I’m currently working on a new strategy with the DRIP Faucet, since my earnings are going up. (I’ll write another article about my new DRIP strategy after the beginning of the month.)
So this means that my $62 needed to make ROI in the Pig Pen will probably be made & withdrawn in about a month, which would have been a lot faster than leaving my Pig where it was.
Some people might disagree with my decision. But the proof is in the pudding (earnings in this case).
Thanks for reading!
Till next time.
God Speed!
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