Most people won't really tell you if they are down on their various investments but I will. I'M DOWN $87.28 right now on this play. Booooooooo
One red flag that jumped out to me checking up on this liquidity pool is the fact that it says the last harvest was 9 hours ago. I'm not sure why it isn't harvesting and compounding and harvesting ever 30 minutes or an hour. I will keep checking it but I'm not impressed by that but I'm assuming the code takes the price and network fees and rate of return into consideration.
At such an alarming rate of return HOW am I DOWN? Well the farming token BlackHole has lost half it's value. Usually I only stick in the farming token for a couple of weeks and then rotate into other farms and start selling the mining token for assets that are higher on the pecking order.
I didn't find out or buy into BlackHole until it was $1.20. If we get a big surge in the market and AVAX shoots up a lot that will help me and BLACK will likely be pulled up with it. I will likely rotate out of it and go to another pool at that time. AVAX has been bouncing up and down but hasn't made a major move yet.
The emissions schedule of BLACK increases through these early months which is an interesting dynamic. More rewards accumulated but also more rewards being sold as well. A big surge in the market will certainly help.
With all the $LEO excitement it is easy to wish this chunk of money had been over in the $LEO based assets. I like to keep my paws in various different opportunities. I feel the future looks solid for the Avalanche ecosystem so for the time being I'm keeping that money over there and moving in other funds to $LEO.
Are any of you guys in any mining farms?
