Invest

Kyber Rainmaker Liquidity Mining Programm - USDC/DAI Farm & Staking

30. June 2021

Polygon-Kyber-Network

No financial advice - Make your own research

This investment strategy is based on two stable coins added to a liquidity pool and then staked to earn rewards.
The transactions are executed on the Polygon network and uses two decentralized exchange:
- AAVE
- KYBER DMM

Let's assume an initial investment amount of US$ 10'000

First of all we need the two stable coins with the same face value:
- USDC (US$ 5'000)
- DAI (US$ 5'000)

In case that you do not own any USDC or DAI but another crypto currency like ETH, BTC, MATIC then you can invest those in AAVE on Polygon and borrow USDC and DAI. Currently you would pay a low interest rate and receive some MATIC tokens by using the AAVE lending platform.

Once you have two equal amounts of USDC and DAI then you add them to the liquidity pool on KYBER DMM.

Now you go the yield farms on DMM and deposit your USDC/DAI liquidity pool tokens. Immediately you start earning KNC tokens and LP fees.

Snapshot Quotes Borrowing DAI Borrowing USDC Liq.Pool Farming
30.06.21 USDC/DAI: 1.00 DAI: -3.82% (APR)
MATIC: 2.45% (APR)		 USDC: -3.41%
MATIC: 1.79%		 DAI/USDC: 24% (APY)
Analysis Investment Daily ROI Weekly ROI Monthly ROI
30.06.21 $ 10k $ 6.5
0.07%		 $ 43
0.43%		 $ 200
2.00%

History Investment ROI (Daily) APR USDC/DAI
30.06.21 $ 10k $ 6.5 24% 1.00
01.07.21 $ 10k $ 4.1 15% 1.00
02.07.21 $ 10k $ 3.75 13.7% 1.00
03.07.21 $ 10k $ 3.93 14.3% 1.00
04.07.21 $ 10k $ 4.06 14.8% 1.00
05.07.21 $ 10k $ 4.10 14.9% 1.00
06.07.21 $ 10k $ 4.40 16.1% 1.00
07.07.21 $ 10k $ 4.48 16.3% 1.00
08.07.21 $ 10k $ 4.05 14.8% 1.00
09.07.21 $ 10k $ 4.07 14.8% 1.00
Total $ 10k $ 43.53 15.9%


Strategy update 30. June 2021:
The Kyber Rainmaker Liquitidy Programm has started on the 30th June 2021 and will last for 8 weeks. Yields are fluctuating quite heavily as pools are starting to increase in liquidity and rewards are falling.
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