VVS Finance (Chain: Cronos)
Table of Contents
Very, Very Simple DeFi Trading for All. Your gateway to the decentralized finance movement.
- VVS Finance is the “First Farm Built On The Cronos Blockchain”
Initial Gem Offering (IGO)
IGO is an opportunity to purchase a brand new token at a fixed price launching on Cronos. Info page:
Cannot remember when I got started but definitely not earning any profits as of January 2022. Creating this page to better keep track of the portfolio.
DeFi Wallet by Crypto.com.
Glitter Mines: Auto VVS
Any funds staked in this pool will be automatically harvested and restaked (compunded) yielding a higher ROI. A convenience and performance fee is charged for this. Performance fee is 2%.
Despite continually receiving VVS tokens as rewards, my portfolio value is trending downwards as the rewards cannot offset the price decline of the VVS token.
|Date||APY (%)||VVS Staked (Auto Compound)||VVS Price||VVS Market Cap||Portfolio Value|
|10 Jan 2022||200.23||1,096,704||$0.0000395||$90,467,458||US$43.76|
|4 Mar 2022||66.29||1,218,997||$0.00002808||$64,300,639||US$34.15|
|14 Aug 2022||9.76||1,317,966||$0.00000810||$189,181,600||US$10.69|
Usage Notes and Tips
If one is starting small and experimenting, it will not be worth spending network fees to harvest small amounts of VVS rewards.
- Glitter Mines: it will make more sense to use the “Auto VVS” mine
- Crystal Farms: for liquidity farming, one can consider using a yield optimizer like Beefy Finance.
- Official Site: https://vvs.finance/