In my mind, the Bored Ape Yacht Club is the $BTC of #NFT’s. At current prices, owning a Bored Ape is not in my cards, but owning $APECoin and participating in their DAO is achievable.
My goal is simple.
Increase my Apecoin for the next bull run. I decided to open a yield farming position with $APE-$Ethereum.
This pool has close to 5M in liquidity and pays .03% swapping fee.
Let’s walk through what I have done.
Before I even open a position, I want to look at some Uniswap Calculators. The one I used for this post is the following: Metacrypto.org. I put in the amount I wanted to invest and looked at how much I could make per day.
Once I felt good about it, I opened my position in Uniswap.
I already started collecting fees. Remember the goal is to increase my Apecoin. Managing my position will be done with a software called. APY.Vision.
This software is great for managing everything and I plan to go over all of it. For now. Let me show you what the position looks like and then let a few days go by to show you how this software manages all the analysis you could ever want or need.
Here is the position I opened:
Here are the details.
In my next post, I will dive into these analytics deeper. I need to let some time go buy to see how I am doing. In the meantime, you can look at APY.Vision with their trial tier.
One last thing, I use Koinly.io for taxes. They fully support Uniswap. Check them out and if you are interested in using them, here is a link to save some money.