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ThorYield Discord Bot comes to rescue with amazing DeFi tracking

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@behiver
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ThorYield is the main ThorChain LP Yielding tool that any provider is using to track the performance of his participation and different metrics to optimize the investment. While I am a daily user of it, lately after a browser cache cleanup I see that the retrieved data is scrambled and the stats are out of the charts. For some reason, the profitability shown for my participation is standing at -$13,015 or -53.96% and is growing negatively day by day. Probably in case you exit your LP positions and get back into them with different amounts or so might be the cause of it if the data analyzed doesn't split correctly the LP intervals based on the EXIT and ENTRY points in time.

But worry not as I have discovered another tool that we can use to track correctly the LP positions and ironically is offered also by ThorYield, but in the form of a Discord bot. As we are all on Discord these days and by joining the ThorYield Discord server we can easily use the bot to retrieve real-time stats on our LP participations. To do that you need to perform the following steps.

  1. Join the ThorYield Discord server (https://discord.gg/thorswap)
  2. Go to the #thoryield-bot channel
  3. Enter command /thoryield in order to open up a direct communication channel with the bot
  4. In the bot channel enter command /yield
  5. Enjoy the provided stats as provided back by the bot! Note: In order to be able to communicate with the bot and receive direct messages you need to enable that from Discord - Settings - Privacy & Safety - Allow direct messages from server members. Once you exchange messages with the bot you can turn that back OFF in order to avoid direct spams on your Discord user.

As you can see the metrics on the LP make more sense now showing a positive current value including fees and you can easily spot the Add tokens to the LP vs the Redeemable tokens at the moment. The token breakdown makes the difference per each token in case you would like to exit the established LP position. On top of that, the LP vs HODL (APY) is a good indicator on how well your participation does and you can strategy base on that if to stay in the pool and maybe move in some other one.

I am sure this ThorYield Discord Bot will come in handy to Thor users now more than ever with the Terra LUNA and UST new launches. For sure this offers a great possibility to get in early and prove profitable in the long term!

Posted Using LeoFinance Beta