My SOL for JLP Experiment 2 Mths Later (Patreon)
Published:
2024-02-19 20:38:55
Imported:
2024-02
Content
Hi Team
Re my JLP investment as a liquidity provider, the status 2 mths later is as follows:
Initial Situation:
- 100 SOL swapped for 4540 JLP
- SOL price at the time: $73.63
- JLP price at the time: $1.60
Current Situation:
- SOL price now: $112
- JLP price now: $2.157
Calculation:
Value of holding SOL:
- Value of 100 SOL now = 100 * $112 = $11,200
Value of holding JLP:
- Value of 4540 JLP now = 4540 * $2.157 = $9,793.38
Conclusion:
Holding SOL would have been the better option, as it would result in a higher value of $11,200 compared to the value of holding JLP, which would be $9,793.38. I left $1400 on the table buy experimenting. I experiment so you don't have to.
Oh, and by the way, when I first did this, my APR was only 104. Due to increased PERP activity on JUP the APY is a lot higher - now 143.66. I still hold the JLP.
This was the post 2 mths ago.