A little hard data: Tiny/USDC LP

[NerdyForDesign]

Aug 30, 5:23 PM

This is going to be far too small of a sample to draw much from most likely, but I thought it might be useful to note how my early-morning sleepy-eyed mistake in voting for tiny/tinu instead of tiny/usdc for farming rewards will play out:

It’s a day before the farms for August end:

Tiny/usdc status:

Tiny Farming Rewards:
Cycle 25: 5.1117k each cycle
$8,212.62 Locked in farm, $11,344.92 locked in the LP
72.39% of the LP is actively farming the pool at the end of the cycle.

Cycle 26: 2.7632k each cycle – a 45.95% reduction in rewards from cycle 25.

I’ll update this to offer little snapshots next month to see how the TVL in the pool changes throughout September.

Tiny/Tinu

Full disclosure, I hold about 15.92% of the LP myself, as I figured I’d try to funnel those rewards at least back to tiny/usdc since I think it’s farm will take a big hit next cycle, I committed the equivalent of about two weeks worth of my gov rewards to the LP. Another gov has long-held about 70% of the LP because they just never bothered to swap out the funds (because the value was so low likely) has graciously committed to pushing the rewards earned into tiny/LPs over this cycle.

Works for me, because if you’ve been around me you’ve likely noted I’m a big backer of massively increasing tiny-paired LP’s. Like that’s my whole bit. If I could wave a wand and make TVL of LPs be what I wanted, $300k-$400k in each Tiny/usdc, tiny/talgo, tiny/btc pool. (Note if this ever suddenly happens overnight, I somehow hit the lottery I don’t play ).

For my part I plan on cycling Tiny/USDC, tiny/tinu, and governance rewards into Tiny/USDC all of next month.

I’ll update this once the farming for next month starts, and occasionally throughout the month to get a small sample of LP changes and farming committing changes.

[NerdyForDesign]

Sep 1, 12:49 PM

TINY / USDC:

First day of farming, the farm has lost about half of it’s TVL meanwhile currently the total liquidity in the LP has barely budged, this is likely due to people just forgetting to commit to the next month’s farm.

TINY/TINU

A total of 9 participants in this farm currently with nearly a 349% return offered. I myself am 12.47% of the value farming, and 9.69% of the LP. The farm has sofar resulted in an influx of around what, around 60% into a defunct LP. Which is a decently large amount, and 9 total people farming the LP who almost certainly didn’t have any stake in it before given just two of our govs held the vast majority of the LP before the farm.

[NerdyForDesign]

Sep 2, 6:28 PM

Second day of farming tiny/USDC. 13 new participants and just about an additional $1,200 in the farm.

Liquidity in the LP however has remained pretty constant, so I would assume some just forgot to sign-up for the farm for this month. Happens to the best of us.

TINY/TINU has gained one participate in it’s farm, and maintains a stunningly high 98.98% farming. 253% APR on the farm currently. Still just under $200 locked in the LP however.

For comparison sake:
Tiny/TINU 98.98% total LP value v LP actually farming.

53% of the tiny/usdc LP is farming.
26% of the algo/gobtc LP is farming.
37% of the tiny/algo LP is farming
45% of the tiny/talgo LP is farming.

[Bitman]

I think we should do this again next month to farther study these numbers

[NerdyForDesign]

I’m definitely no longer voting first thing after I wake up, gonna have to find another gov after I shift back to tiny/usdc. Or maybe tiny/wbtc even, with Folk’s wbtc, cause I jusr set up a pool for it.

[NerdyForDesign]

Sep 4, 11:35 PM

Note: I went back and added timestamps to when I posted originally. Yes you can just look that up but I like at-a-glance information.

Four days in, I’m going to assume everyone has signed up who’d planned on farming from the start of the month, but forgot, was late signing up for farms, etc.

There is a significant drop of liquidity in the LP of $2k, I say significant as in as a percent of the previous amount, because $11k wasn’t that much to begin with. Almost 20% loss in liquidity.
At least in as much as I can gather given the nature of LPs. Some of that drop could be explained by Tiny price-action as we are sitting at $0.000768 atm vs $0.00081977 at the start of the month, a little over 6% fall in price.

The APR has only fallen slightly:

We are up to 64 participants in the farm, up 14 from two days ago.
53.96% of the LP farming which is about the same percentage-wise as two days ago.

Part of me wonders if we should have LP’s be committed to new farming cycles automatically, but the part of me that wants Tinyman users to, you know, be more active here says why reward inactivity? They might not even claim those farmed tokens, where as at least those of us that are sure to recommit to the farms every month are (probably) likely to actually put the tiny to use.