Invest

Kyber Rainmaker Liquidity Mining Programm - MATIC/KNC Farm & Staking

30. June 2021

Polygon-Kyber-Network

No financial advice - Make your own research

This investment strategy is based on two crypto coins added to a liquidity pool and then staked to earn rewards.
The transactions are executed on the Polygon network and uses two decentralized exchange:
- AAVE
- KYBER DMM

Let's assume an initial investment amount of US$ 5'000

First of all we need the two crypto coins with the same face value:
- MATIC (US$ 2'500)
- KNC (US$ 2'500)

In case that you do not own any MATIC but another crypto currency like USDC, DAI, BTC, ETH then you can invest those in AAVE on Polygon and borrow MATIC. Currently you would pay a low interest rate and receive some MATIC tokens by using the AAVE lending platform.

Then you need to buy KNC for half of the amount (US$ 2'500). You can do that on KYBER DMM (on Polygon).
Once you have two equal amounts of MATIC and KNC then you add them to the liquidity pool on KYBER DMM.

Now you go the yield farms on DMM and deposit your ETH/KNC liquidity pool tokens. Immediately you start earning KNC and MATIC tokens and LP fees.

Snapshot Quotes Borrowing MATIC Liq.Pool Farming
30.06.21 USDC/MATIC: 1.08
USD/KNC: 1.53 		MATIC: -3.43% (APR)
MATIC: 0.92% (APR)		   MATIC/KNC: 312% (APY)
Analysis Investment Daily ROI Weekly ROI Monthly ROI
30.06.21 $ 5k $ 42
0.85%		 $ 299
5.98%		 $ 1'300
26.0%

History Investment ROI (Daily) APR MATIC/KNC
30.06.21 $ 5k $ 42.7 312% 0.7059
01.07.21 $ 5k $ 22.1 161% 0.6948
02.07.21 $ 5k $ 15.5 113% 0.6953
03.07.21 $ 5k $ 14.5 106% 0.6953
04.07.21 $ 5k $ 14.6 107% 0.7012
05.07.21 $ 5k $ 14.6 107% 0.7000
06.07.21 $ 5k $ 14.9 109% 0.7000
07.07.21 $ 5k $ 14.8 108% 0.6904
08.07.21 $ 5k $ 14.2 104% 0.6967
09.07.21 $ 5k $ 13.4 98% 0.6933
Total $ 5k $ 181.5 132%


Strategy update 30. June 2021:
The Kyber Rainmaker Liquitidy Programm has started on the 30th June 2021 and will last for 8 weeks. Yields are fluctuating quite heavily as pools are starting to increase in liquidity and rewards are falling.
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