jayplayco on Warpcast

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Burning part of my HUNT Town Building to join Hashkey HUNT Launchpool. The Launchpool for HUNT is starting in a day and I already bought some HUNT to join the Launchpool. But if you look at the current APR with above 4000% you can calculate easily that you can get a over 40% yield for 4 days based on that APR. Unfortunately, Mini Hunt Buildings are minted on BASE and burning them (even calculating the 5% burning fee) and bridging HUNT over to ETH would take a week. The only way to to use your Mini Hunt Buildings would be burn them to ETH, transfer ETH to an Exchange supporting BASE (Coinbase, Bybit, Binance, etc.) and withdraw it back to ETH chain. Then swap ETH to HUNT and deposit ETH based HUNT to Hashkey. It could be one possibility, but the transaction and multiple swapping (Mint Building->HUNT->ETH->CEX->ETH->HUNT) cost could exceed the ROI if the APR is falling. So I decided to burn part of my HUNT Town Buildings tomorrow to join the Launchpool!

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Burning each HUNT Building on ETH cost about 3$-5$ worth of ETH and also the transfer to Hashkey will cost about the same. Personal target APR at the moment is a reasonable (?) 1000% for the HUNT Pool which would convert into a 11% yield for four days of launchpool. After finishing the Launchpool, the HUNT from the burned HUNT Buildings will be transferred back to the BASE chain to be minted as MINI HUNT Buildings. That is the current plan. Let's see if this is going to be a successful investment.

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Zonda🎩Ⓜ️ •L•

but that apr gonna be down so fast IMO

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Thanks for the kind explanation! 65536 👏

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Lucky Star |Lucky-star.base.eth

Thanks for explaining this, I need to read up more but it sounds very interesting (never did stuff like this before so I’m learning a lot)

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Lucky Star |Lucky-star.base.eth

I'm tipping: 1006 $HUNT via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster

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Thank you for the detailed explanation!!! 500 $hunt

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@jayplayco has been nominated by @lucky-star to the Abundance Ecosystem on /impact Help support @lucky-star's nominees. Opt out of /impact nominations in frame

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