After missing my guru meeting last week while distracted by packing for the move, yesterday, it happened. I am not a crypto millionaire yet, but the journey has begun.
I know the information does not look overly impressive…yet. But these are just test positions. After 7 days, the guru and I will check back in and see how my holdings in the liquidity pool are doing.
- Total Value: This is the value of my two positions. This will include the value of the crypto and the value of the investment in the liquidity pool.
- Earnings: This is only the money generated because of my involvement in the liquidity pool.
- Profit and Loss: This is the gain/loss of the crypto in the liquidity pool. Its gain or loss does not affect the earnings.
Open Positions: Both ETH/USDT and PENDLE/USDT are on the Arbitrum One network. To the best of my knowledge, my definitions of the column headings are accurate.
- Liquidity: The amount I have invested in each position.
- Profit and Loss: The change in value of the crypto placed in the liquidity pool.
- 24h Earnings: The amount of money each position has made.
- APR: If expanded out over a year, this is the percentage of gain I might see in a year’s time if NOTHING changed. Since the pool’s never close, they are making money all of the time. Some periods might be slower. The APR is calculated based on the earnings that have been received not the anticipated earnings.
- Price Range: My farm will earn rewards as long as my positions stay within these ranges.
It’s a start. As I build trust and experience, I can see what my daily, weekly, and monthly earnings can grow to. As I gain skills, I must also keep my wife educated on what is happening. As the summer bot losses continue to haunt me, my wife needs to stay on board throughout this process.
