What did I learn from a Pig?
What did I learn when I compounded my AFP?
You may already know that I bought a Pig way back in October. If not then read this article to find out more.
Now that you have gone back & reread that article….(did you really go back & read it? If not then please give it quick look over. Thanks.)…Let’s look at what happened when I compounded my AFP earnings at the end of November.
(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)
Build up….
I only had 1 Pig & they had just launched Animal Farm, a few weeks earlier. I had discovered that the gas fees were very high. Therefore, my plan was to only compound once per month, starting at the beginning of December. I was able to watch the earnings grow, slowly at first, & then compound on 12/1/22.
My earnings had built up to 0.022249266 AFP ($3.00 USD) & 6.005177 BUSD, which was not too bad considering that my AFP only cost 132.99 BUSD. So I had earned around $9 from my investment. This is equal to around 81% interest, if it continued for a whole year.
I had also built up to around 0.42 AFP ($56.70) available to withdraw, before I compounded. So I was adding all of that together & getting a total of around $65 in value. If I could withdraw all of that then it would be around 48.87% ROI.
This looked pretty good to me, considering that I haven’t done much with this token because of the high gas fees ($3.70+/- per compound).
Compounding…
On 12/1/22, at 7:01 am, I was able to compound my earnings. This gave me the 6 BUSD & added the 0.02 AFP to my staked balance. My available withdraw also went back down to 0.02 AFP. What?!?!
So my real ROI went up to 4.47%.
I was wondering what in the world happened to my available withdraw amount. (My thinking was to continue to compound until my BUSD withdraw amount had built up match my total AFP withdraw amount. This would theoretically bring me to 100% ROI & I would still be able to earn off of the other percentage of AFP I had left in staking, after the withdraw.)
I was wrong…& thus the learning continues….
Afterwards….
So now my staked amount of AFP has gone up to 1.03 AFP.
My available withdraw amount went to 0.02 AFP ($2.70) & I started earning more Pigs & BUSD again.
It is currently at 0.17 AFP available to withdraw, approx. $22.16, after only 1 week. It will continue to climb by 2% per day until I either withdraw or compound.
What did I learn?
- Gas fees are still high compared to my earnings. So I can either buy more pigs, to build my earnings compared to gas fees. Or I can continue to only compound once per month.
- My ROI should really only be calculated including the BUSD that is withdrawn during compounding, unless I withdraw my available pigs.
- My available amount of pigs to withdraw earns value as well as my BUSD earnings.
Still to be done
- Continue to compound in the Pig Pen monthly, since gas prices are so high.
- Explore more ways grow my Pigs faster. (Possibly using Dollar Cost Averaging)
- Continue to build earnings to catch up with available to withdraw amount, which should get me to ROI faster.
- Revaluate my strategy again when my BUSD earnings equal the same USD value as my available to withdraw Pigs. Withdraw to reach ROI or compound to increase earnings…
- Explore using my Drip Faucet in conjunction with the Pig Pen to help increase earns on both ends. They are both using the same wallet & may be able to feed off of each other.
As always, thank you again for reading my articles.
It is much appreciated.
Till next time…
Now following anybody that interacts with my articles… God Speed!
If you would like to see what investments I’m currently active in then go read my referral link article.
