Profit with $JVT/$TON farming on STON.fi
Let me tell you about yet another profitable farming experience on STON.fi. I should mention that I’ve discovered JVault with the help of STON.fi Telegram channel — there were mentioned that GEMSTON staking is available on JVault.
Long story short I had $JVT in my wallet and I added $JVT/$TON to the liquidity pool as soon as I saw $JVT/$TON in the annouce tab on the Farm page (it was before the UI update took place).
Transactions and gas fees
I provided 999.99 $JVT + 86.20 $TON to the liquidity pool. Gas fee 0.56 $TON — 0.24 $TON = 0.32 $TON.
I staked LP tokens in the farm. Gas fee 0.3 $TON — 0.13 $TON = 0.17 $TON.
I withdrew my farming rewards on Feb 25th. Gas fee 0.3 $TON — 0.15 $TON = 0.15 $TON.
I withdrew my farming rewards on March 2nd. Gas fee 0.3 $TON — 0.15 $TON = 0.15 $TON.
I removed LP tokens from the farm. Gas fee 0.4 $TON — 0.28 $TON = 0.12 $TON.
I withdrew $JVT/$TON from the liquidity pool. Gas fee 0.5 $TON — 0.15 $TON = 0.35 $TON.
Profit calculation
- Overall gas fees are 0.32 $TON + 0.17 $TON + 0.15 $TON + 0.15 $TON + 0.12 $TON + 0.35 $TON = 1.26 $TON.
- Profit for the 14 days of farming 54.91 $JVT + 35.39 $JVT + 12.81 $JVT = 103.11 $JVT or 103.11 $JVT * 87.36 $TON / 988.36 $JVT = 9.11 $TON (if we count it with the ratio that was available on March 4th).
- Let’s try to evaluate the value that I’ve got for the liquidity provision with the AMM formula (amount of Token A * amount of Token B = K). K1 for the liquidity at the start pf the farm: 999.99*86.2=86199.138. K2 for the liquidity at the end of the farm: 988.36*87.36=86343.1296. STON.fi is adding a reward for the liquidity provision straight to the provided liquidity after each swap. That’s why K2 > K1.
- The initial value of the provided liquidity was 86.2 $TON * 2 = 172.4 $TON. The final value of the provided liquidity was 87.36 TON * 2 = 174.72 $TON.
- Overall profit we can estimate as 174.72 $TON — 172.4 $TON + 9.11 $TON — 1.26 $TON = 10.17 $TON or 10.17 $ TON * 100% / 172.4 $TON = 5.899% for 2 weeks of farming.
Conclusions
JVault is a fundamental project in the TON ecosystem (they were the first who made staking for jettons (tokens on TON) and they have lots of plans on how to expand the project to the whole ecosystem with NFT, staking, pre-sales, DAO as services for the TON projects)). It has its own loyal holders, that’s why APR dropped 7 times in less than 8 hours.
I believe in JVT that’s why I’ve no doubts about participating in the farm or not 5.89% in 2 weeks is not the best farming result, but it’s a big fundamental project, fewer risks = fewer rewards.
The very first hour, and day of the farm are the most profitable. You can track upcoming farms on the pools page on the STON.fi (pools will have a “farming soon” badge).
P. S. Please check out my other articles regarding farming experience +2.74% on tsTON/TON; +19.33% on UP/TON; +103% on JETTON/TON; -34.52% on jNANO/TON; +2.7% on LAVE/TON.
