Bumper Crop Farming

  • Liquidity has no loyalty
  • Wide distribution is top priority
  • Farming is hard: crops don’t grow themselves
  • There are no guarantees in farming
  • Avoid one-way doors
  • Crop Selection: It is difficult to know which block will include your transaction.
  • Commodity Prices: It is expensive to send additional transactions to Ethereum. The additional yield from bumper crop farming may not cover your gas costs.
  • Pests: You may miss out on a certain block rank because of the actions of other farmers.
  • Soil Science: You can try depositing different amounts of LP if a rank isn’t very profitable.
  • Weather: There is impermanent loss when being staked in an Uniswap-style pool.
  • If you are a whale, consider staying in the highest rank you can afford. Block Ranks in the top 1% pay out bumper crop rewards on a frequent basis. It probably isn’t worth making many changes to block rank.
  • If you are minnow, consider purchasing one more ranks with a lot of factors. You can use the spreadsheet logic to build out a bigger spreadsheet that models an entire round of blocks where a round is shortened block number 0 to n (n being the number of liquidity farmers in the pool). This modified worksheet could inform you on your best, affordable positions.
  • If you don’t want to deposit liquidity, consider updating the reward balances for the minnows and whales. There is a function that can be used to update balances. It is demonstrated in the Farm Worker tab of the logic and will be available from the UI. It is designed to cover the gas cost of calling the function and provide a 10% tip for doing so, as long as the gas tank has enough ICHI. However, don’t call it too often or it may become unprofitable.
  1. Mint oneETH stable coins.
  2. Provide oneETH-ETH liquidity to the oneETH-ETH liquidity pool.
  3. Stake oneETH-ETH LP tokens and earn ICHI.
  4. Nominate signers to govern the oneETH contract and ETH excess reserve fund.
  5. Vote on ICHI protocol decisions with your ICHI-ETH LP tokens.
  6. Vote on oneETH stable coin and excess reserve decisions with your oneETH-ETH.

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