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jayplayco
@jayplayco
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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Zonda🎩Ⓜ️ •L•
@pablo9678a
but that apr gonna be down so fast IMO
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jayplayco
@jayplayco
Not really. :) If you understand how the tokens for HUNT are distributed. about 92% of the volume for HUNT is coming from Upbit, which is only accessible for Koreans. And more than 90% of Korean investors doing trades on Upbit never withdraw anything. (No Defi, no foreign CEX, etc.) So the actual bigger Qty for HUNT tokens based on ETH are likely not coming to Hashkey, which would be one of the reasons that the APR should be still at least at a level of 1000% IMHO. Haha.. The last project GNDR has a current APR at 630% and is based on the Klaytn chain with much more users trading onchain. But as always, that is only my personal opinion :)) Going to put as much as possible into that Launchpool, as it is money printing brrrrrrrrrrr
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