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DefiBox Returns

avatar of @scooter77
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scooter77
@scooter77
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Lately I have been playing around with Defibox and provided some liquidity to the USDT and BOX markets.

As you can see from the screenshots below, I provided liquidity of around 230 EOS in total (including USDT and BOX) and have not made any impermanent loss as yet.

The added bonus is I am able to mine BOX tokens as well by providing the liquidity. On average, I am getting between 0.15 and 0.2 BOX tokens per day which equates to around 1 EOS depending on price. On top of this, you can stake the BOX tokens and receive a portion of the EOS fees generated by Defibox transactions. With only 2.5 BOX tokens staked, I am getting approximately 0.022 EOS per day as well.

All up, for a 230 EOS initial investment, I am seeing around 1 EOS returned each day in BOX tokens (not including the increased gains from the liquidity pool). Not a huge investment, but there is the potential for impermanent loss to occur. I feel the USDT market is much more stable than the BOX market, though the BOX market has more potential for gains.

This is not bad and I have only been playing in this space for the past 2 weeks.

This is not investment advice!

Thanks for reading.

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