VVS Finance (Chain: Cronos)
Table of Contents
About Project
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”
Ecosystem
Initial Gem Offering (IGO)
IGO is an opportunity to purchase a brand new token at a fixed price launching on Cronos. Info page:
Personal Experience
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.
Wallet Used
DeFi Wallet by Crypto.com.
Portfolio Snapshots
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.
Possible approaches:
- 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.
Resources
- Official Site: https://vvs.finance/