EasyDeFi Group A: report to investors week 34

in #hive-167922 • 3 years ago

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Group A Pool Investors Earnings this Week.

The pooled Leo is converted to BLEO, via the trusted Leofinance bridge, then one half is exchanged for Cub, and one half is exchanged in BUSD. These assets are deposited in the Cub-BUSD farm. The Cub-BUSD farm earnings for this past week were 307 Cub, so it traded for 384 bLeo and 38 went to @shortsegments as an Admin Fee. This left 346 BLEO for the stake based investors. The distribution is detailed in the spreadsheet below.

This weeks Stake based earnings

This weeks Stake based earnings using Excel Spreadsheet:
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Distributions from today have been made via wallet transfers:

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Summary of EasyDeFi

A brief summary of this project would be:
Easydefi changes a 10 step process to invest in DeFi from Hive into a two step process.

EasyDeFi makes this a two step process; you send your capitol (minimum 100 Hive or 250 Leo) to the @easydefi wallet, and the @easydefi wallet sends your earnings to your wallet on Leofinance every week.

You send me Leo or Cub via @easydefi wallet as a public ledger of your☺️ deposit. I invest it in decentralized finance staking and farming site Cubfinance. I send you your wallet rewards every Sunday.

EasyDeFi makes this a two step process; you send your capitol (minimum 100 Hive or 250 Leo) to the @easydefi wallet, and the @easydefi wallet sends your earnings to your wallet on Leofinance every week.

Monday Cutoff

  • There is a Monday cutoff for investors to deposit funds in order to get earnings the following Sunday.
  • The Monday cutoff protects the earnings of all investors, especially the smaller investors who would see their earnings reduced by deposits made after Monday and insufficient time to earn Cub because it is a shared earnings pool.
The End..for now.

Title: This is the weekly report to investors of EasyDeFi for Week 34 on Sunday 03/20/2022

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#easydefi #cubfinance #leofinance #proofofbrain #gems #project-hope #dolphinassembly #vym
3 years ago in #hive-167922 by
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     3 years ago 

    Great Work 1.jpg

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       3 years ago 

      Nice earnings for investors and very easy way to get into DeFi!

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         3 years ago 

        this is interesting. I didn't know it existed. I want to learn more and maybe try this.

        you just earnings? what happens to the original money you send?

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           3 years ago 

          Hi @cfclosers
          Info from another post.

          The pooled Leo is converted to BLEO, via the trusted Leofinance bridge, then one half is exchanged for Cub, and one half is exchanged in BUSD. These assets are deposited in the Cub-BUSD farm. The Cub-BUSD farm earnings for each week are distributed to each investor based on how much of the pool their investment accounts for.

          The original investment stays in the liquidity pool, we’re it generates daily income, and is subject to impermanent loss. So you may lose a portion of your original investment, but since you are getting close to 100% return in one year it seems like a good investment.

          If you have any other questions let me know.

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             3 years ago 

            I always see references to impermanent loss in posts but never paid much attention to it because I wasn't into pools. But now I need to learn about it. I rushed into the pleo-wmatic farm on polycub without really knowing what it was.

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               3 years ago 

              Oh, sorry to hear that.

              I think IL is important to understand, as it is a source of potential loss…

              … but if the APR is high, the rewards are usually greater then the potential losses.

              Plus they are like most paper losses, not real until you sell.

              But as long as the project is growing and improving you can recover from those potential losses.

              That’s how I view them. :)

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                 3 years ago 

                And I always understand that any loss can be rescued via hive. That's really the beauty of hive lol.

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