RE: [ENG/ITA] My Portfolio Beyond Hive: SOL
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Have you looked at JLP ?, I don't know how it compares to JupSol, but it is also an accruing token and tends to fall less when Sol falls, but rise less when it rises, it may be worth having a look at the JLP chart in Sol (not USD), it's steadily up and to the right relative to SOL over time, so as a means of accumulating SOL I like it.
Currently I have my JLP in a LP on Orca, paired with USDC in a $4.10-$5.00 range, my logic being that this is a "fairly" wide range and should stay fee earning for a while, if JLP falls I DCA into more over time and if it rises I end up with 100% USDC, not ideal, but not the end of the world, I'll just buy JPL with the USDC close to the upper limit. I lose out a bit compared to just holding JLP, but I'm hoping the range holds long enough to accumulate some JLP and USDC in fees. So far so good, been in range for a few weeks now
The 24hr yield is pretty low given the wide(ish) range, but today I'm getting 0.123%/24hrs, although that can vary and is often below 0.1%
https://dexscreener.com/solana/6a3m2egffkfsfuqtp4ljjxpcae3tqyxnyhujjzpuxygd
I gave it a look some times ago, but never really took the time to understand it a bit better (how it works, waht's the supply, if it's still being distributed, etc). I just checked and its graphs, compared to SOL, looks really good! I might start to by a bit of it and use it as an alternative way to accumulate SOL (as you suggested!).
As for LPs, I'm still looking for an auto-balancer feature or something like that 🤣 I hate the idea to have my position out-of-range if I forget to check it from time to time !LOL
The LP's on Bluefin (Sui) have an auto balancer feature for some pools, I tried it, but I found that often I'd rather just wait for the price to come back into range than take the impermanent loss that rebalancing often brings. I felt the more frequent rebalancing outweighed the time out of range if the chart was more or less bouncing along ( but maybe my range was too tight). The APR % is higher if you enter manually too.
In truth, I've not come out ahead with LP's overall
JLP is a composite token, it holds BTC,ETH,SOL ( and something else I think), so it kinda smooth's out the bumps as generally BTC does not move as much as SOL in either direction
So even auto-rebalancing is not enough to let it go a bit more passively? That's a shame...
Yeah, I feel they are not for me, besides those on Hive-Engine where I can farm very high APR without having to check (almost) anything.
Cool, didn't know it! I'll dig a bit deeper into it to see if it fits my strategy :) thanks!
!PIZZA !LOL