How much have I made with LAVE — TON farm on STON.fi?

This story is about yet another profitable farm on the STON.fi.

The announcement was published at 16:03 (UTC + 3) on Jan 16th.

The total reward pool of LAVE/TON farm was 51,240,991 LAVE (the equivalent of $10'000 at that moment). The end of this farm will be on Feb 16th.

To participate in the farm I needed to provide liquidity to the LAVE/TON liquidity pool and lock up liquidity points for 14 days. In exchange, I’ll get a share of the reward pool (depending on my share in the farm).

LAVE/TON graph — looks OK to me.

I’ve checked out what the LAVE/TON graph looks like and decided to participate in this farm.

If you have difficulties with STON.fi farming — check out this guide.

Gas, rewards, and the overall profit out of LAVE/TON farm

It took 6 minutes since the announcement to start farming LAVE jettons

1. I’ve swapped 38 TON to 458995.47 LAVE. Gas = 0.1 TON.
2. I’ve provided LAVE and TON to the liquidity pool. Gas = 0.56 TON — 0.24 TON = 0.32 TON
3. I’ve staked liquidity points in the farm. Gas = 0.3 TON — 0.13 TON = 0.17 TON.

I was going to participate in JVault IDO, that’s why I withdrew my reward before the end of the liquidity points lock period.

4. I withdrew my reward on Jan 28th (2 days before the end of the liquidity points lock period). Gas = 0.15 TON.

5. I’ve swapped my LAVE reward to TON. Gas = 0.12 TON.

As you see I’ve closed my position in the liquidity pool with a little loss.

6. I’ve unstaked my liquidity points and got the remaining reward. Gas = 0.12 TON.

7. I’ve withdrawn LAVE and TON from the liquidity pool. Gas = 0.12 TON.

8. I’ve swapped LAVE to TON. Gas = 0.12 TON.

Total Gas fees = 0.59 TON + 0.27 TON +0.36 TON = 1.22 TON.

I’ve received 4.63 TON + 37.25 TON + 37.56 TON = 79.44 TON.

I’ve invested in the farm 38 TON + 38.12 TON = 76.12 TON.

Overall profit = 79.44 TON — 76.12 TON — 1.22 TON = 2.1 TON, or 2.1*100%/76.12 = 2.7% in 14 days.

Conclusions

My rewards overcome impermanent loss and gas fees, so I’ve decided to close the farm with profit. In this case, LAVE has strong support, so in the worst case scenario I will need to wait 2–4 weeks to withdraw my liquidity without any losses in TON.

It’s better to have at least 50 TON to participate in the farm. It will be better to operate a deposit of 500 TON or more (because STON.fi launches more and more farms over time). That will help to withstand impermanent losses and participate in other farming events.

Always DYOR and use proper money management.

Check out my previous cases of farming on the STON.fi: +2.74% on tsTON/TON; +19.33% on UP/TON; +103% on JETTON/TON; -34.52% on jNANO/TON.

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