 While BTC had been testing and has finally blown right through 14k, most of DeFi has been taking a beating. Balancer, or BAL, hasn't been a token able to avoid the onslaught. BAL looked promising after making a decline to $15.34 from up as high as $35.62. That was about three weeks back, and I picked up my first few tokens at that price. But BAL wasn't done with its value slide yet. On October 16th I picked up more BAL at $13.50 and it didn't stop sliding from there. At its lowest point to date, BAL has dipped to $8.71. It's currently trading right around $9.00. ## Good Thing I Entered A Balancer LP The difference between providing liquidity versus simply Hodling BAL cannot be overstated. Sure, a gutsy short would have brought in more BAL. But those gambles have cost me in the past. By providing liquidity, I'm almost guaranteed a return of more BAL regardless of its current value. I have had to sacrifice some ETH because of the LP mechanics. While the value of BAL fell, ETH more or less held its price. With a pool weight of 60% BAL and 40% wETH, my holdings of BAL increased as its price fell. On top of the lower price but more BAL (and less ETH), I've received three Yield Farming payouts. These are incentives and swap fees incurred to the pool which are paid out weekly to LP providers. ## Pool Performance So Far Though I've been happy with my results in the pool so far, other big positions have pulled out. When I first entered my position, the pool had roughly 5.4 million in liquidity. With all the exits, it's retreated to just under 1 million. That being said, there are still 37 providers in the pool.  With the removal of so much liquidity, swap volume has also retreated quite a bit. That means that fees have fallen alongside the drop in wETH swaps. My personal take doesn't seem much affected by all this. Why? Because I have a larger stake in the pool after the removal of 4 Mil in liquidity. ## Personal Liquidity Performance Now on to the proceeds of my own position in the pool. Obviously with the big drop in price of BAL, my LP has also lost value. In all, I've suffered a $33.50 loss since entering the pool.  The original value of my position has dropped from about $170 to $141.07. Notice that Liquidity Vision shows me how much BAL and ETH I put in the pool vs how much it's changed to current day. I have .04 less ETH but almost 2 more BAL.  The above view from Liquidity Vision clearly shows the difference in assets from start to now. Notice also the red circle around my LP percentage. That's up from 0.008% when I entered. It's the result of the removal of all 4 Mil in liquidity. Adding more to my position would also increase my LP percentage. ## Yield Farming Last but not least, let's take a look at my Yield Farming. My first payout wasn't for a full week of liquidity. It was paid straight to my MetaMask wallet, seen below on the Balancer Protocol.  The left shows my low available ETH and the right my BAL. Not much of a first payout at 0.067 BAL. But it was only for three days and I added a bit more to my position. The second week paid out into a root merkle contract. The fees were getting too high to pay each provider individually. It was much nicer than my first week.  I had trouble finding this week's payout, as it hasn't shown up on Zapper.fi. When I looked directly in the merkle root contract, however, it was there.  ## En Finale Perhaps investing in another token on a different AMM would have returned a higher yield. With the bloodbath in DeFi since it's surge, that doesn't seem likely. I could have lost the same value on my Hodlings without having provided liquidity, and I'd be worse off for it. Providing liquidity didn't save me from the inevitable devaluation of my Hodlings. What it did was enable me to stack more as the value fell. How long until the value of BAL comes back up? Perhaps not long if BTC is any indicator. Thanks for reading and as always... <center>  <center>Images Courtesy Of Pixabay.com Bottom Image CourtesyΒ Of Hive.io Brand Assets Images Captured As Screenshots LeoFinance Illustrations Courtesy Of @mariosfame Want To Join The HIVE Community? Use My Referral Link To [HiveOnboard.com](https://hiveonboard.com?ref=inalittlewhile)</center> <center></center> Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@inalittlewhile/balancer-lp-update-2-5-weeks-of-liquidity)
| author | inalittlewhile |
|---|---|
| permlink | balancer-lp-update-2-5-weeks-of-liquidity |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["defi","yield-farming","balancer","liquidity","update","bal","weth","losses","gains","liquidity-provider","leofinance"],"links":["https://hiveonboard.com?ref=inalittlewhile"],"image":["https://i.imgur.com/BoNeJDh.jpg","https://i.imgur.com/8GF7GSd.jpg","https://i.imgur.com/oWDYxXI.jpg","https://i.imgur.com/oB4Df2D.jpg","https://i.imgur.com/PeCZKo0.jpg","https://i.imgur.com/RVX6I7t.jpg","https://i.imgur.com/EF9xknK.jpg","https://i.imgur.com/FNBGUP2.jpg","https://i.imgur.com/CX2VrYa.jpg","https://images.ecency.com/DQmWNjB2g4cMsB3XUbnDB3MF8QGxYdw44GwdArWQy7AKrxS/img_0.173777445249642.jpg"]} |
| created | 2020-11-05 22:54:15 |
| last_update | 2020-11-05 22:54:15 |
| depth | 0 |
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| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "Balancer LP Update - 2.5 Weeks Of Liquidity" |
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| author_curate_reward | "" |
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| jayna | 0 | 34,439,187,271 | 10% | ||
| mcoinz79 | 0 | 12,462,188,424 | 1% | ||
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| khalil319 | 0 | 671,134,509 | 8% | ||
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| tryskele | 0 | 19,456,335,729 | 20% | ||
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| acesontop | 0 | 111,649,712,846 | 100% | ||
| solominer | 0 | 32,195,338,236 | 1% | ||
| theluvbug | 0 | 23,327,054,111 | 100% | ||
| oldmans | 0 | 8,968,516,634 | 11% | ||
| jk6276 | 0 | 553,043,794 | 19% | ||
| luppers | 0 | 3,870,837,401 | 0.33% | ||
| coiotes | 0 | 2,146,731,825 | 30% | ||
| alokkumar121 | 0 | 1,315,401,469 | 1.6% | ||
| anonsteve | 0 | 3,134,104,288 | 100% | ||
| limka | 0 | 0 | 5% | ||
| jzn | 0 | 345,449,754 | 50% | ||
| ambifokus | 0 | 10,215,191,646 | 12.5% | ||
| engrsayful | 0 | 8,418,669,408 | 8% | ||
| megavest | 0 | 3,067,345,586 | 16% | ||
| haxxdump | 0 | 113,804,481 | 10% | ||
| travelwritemoney | 0 | 4,170,490,825 | 16% | ||
| abh12345.leo | 0 | 183,654,055 | 16% | ||
| leo.voter | 0 | 4,761,735,167,195 | 16% | ||
| onealfa.leo | 0 | 73,088,617 | 0.66% | ||
| bala-leo | 0 | 537,441,310 | 16% | ||
| bearjohn | 0 | 741,803,316 | 75% | ||
| fifay | 0 | 0 | 1% | ||
| pukeko | 0 | 0 | 1% | ||
| leoneil | 0 | 100,378,263 | 1% | ||
| tonimontana.leo | 0 | 207,752,611 | 2.79% | ||
| snoochieboochies | 0 | 5,139,481,402 | 8% | ||
| leofinance | 0 | 37,002,745,933 | 16% | ||
| luminosity | 0 | 2,143,897,241 | 50% | ||
| ninnu | 0 | 28,029,748,069 | 6.25% | ||
| kiemis | 0 | 25,084,095,951 | 6.25% | ||
| honeycombs | 0 | 2,230,637,578 | 1% | ||
| beehivetrader | 0 | 753,792,887 | 8% | ||
| recoveryinc | 0 | 13,749,662,680 | 0.5% | ||
| dying | 0 | 977,960,849 | 1% | ||
| senseiphil | 0 | 2,494,951,720 | 16% | ||
| chucknun | 0 | 44,272,267,139 | 16% |
Hey mate, it's great to follow along with your progress here. For a little while, I'll be following on from the sidelines. I've made a call for my investments to go all in on RUNE, and have exited my BAL position. I really like Balancer, but I love RUNE and so have made the move to get everything I can into RUNE now. Keep the updates coming, Before I changed my path I was looking seriously at swapping to the 80% BAL, 20% WETH pool. It is bigger, and if BAL recovers fast will experience less Impermanent loss. That was were my head was at, but like I said, I'm out but will closely follow your progress and probably kick myself later for exiting. Cheers, JK. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@jk6276/re-inalittlewhile-5gf3hr)
| author | jk6276 |
|---|---|
| permlink | re-inalittlewhile-5gf3hr |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]} |
| created | 2020-11-06 00:11:39 |
| last_update | 2020-11-06 00:11:39 |
| depth | 1 |
| children | 3 |
| last_payout | 2020-11-13 00:11:39 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
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| body_length | 786 |
| author_reputation | 187,739,667,125,031 |
| root_title | "Balancer LP Update - 2.5 Weeks Of Liquidity" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 100,409,877 |
| net_rshares | 97,183,389,381 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| inalittlewhile | 0 | 97,183,389,381 | 100% |
Thanks for the direction to even find this pool. I really like the RUNE project. My only problem with it is....Binance. I can't even set up an account here in California. I just tried and was rejected. I may be able to by contacting customer support. Another pool I was considering is one with BAL/LINK. Your suggestion is good too. Idk. I may decide to exit and put some or all into wLEO v2. It may depend on what BAL and the market does here in the next few days. ππ¦π¦ Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@inalittlewhile/re-jk6276-6r4juw)
| author | inalittlewhile |
|---|---|
| permlink | re-jk6276-6r4juw |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]} |
| created | 2020-11-06 00:31:30 |
| last_update | 2020-11-06 00:31:30 |
| depth | 2 |
| children | 2 |
| last_payout | 2020-11-13 00:31:30 |
| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "Balancer LP Update - 2.5 Weeks Of Liquidity" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
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| post_id | 100,410,007 |
| net_rshares | 0 |
Yes Binance... things seem easier here in Australia than stuff in the US. Is Binance dex an option? Do you have anyway to get BNB? Anyway, Rune will be getting easier over the coming months, once btc integration, getting inn will be a whole different experience. Enough of my shilling, BAL/LINK would be good. Key is being in a pool where you really like both assets and would be happy with accumulating either asset. Dollar cost averaging also help with the impermanent loss. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@jk6276/re-inalittlewhile-4ht24m)
| author | jk6276 |
|---|---|
| permlink | re-inalittlewhile-4ht24m |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]} |
| created | 2020-11-06 00:40:33 |
| last_update | 2020-11-06 00:40:33 |
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| root_title | "Balancer LP Update - 2.5 Weeks Of Liquidity" |
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| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| inalittlewhile | 0 | 95,685,039,015 | 100% |
https://twitter.com/stadnykgeoff1/status/1324485765976387584
| author | poshbot |
|---|---|
| permlink | re-balancer-lp-update-2-5-weeks-of-liquidity-20201105t225636z |
| category | hive-167922 |
| json_metadata | "{"app": "beem/0.24.8"}" |
| created | 2020-11-05 22:56:36 |
| last_update | 2020-11-05 22:56:36 |
| depth | 1 |
| children | 0 |
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| cashout_time | 1969-12-31 23:59:59 |
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| author_reputation | 5,554,335,374,496 |
| root_title | "Balancer LP Update - 2.5 Weeks Of Liquidity" |
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| post_id | 100,409,256 |
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I guess it works out better that you a least gained some more tokens to your stack rather than just losing value and holding the same tokens. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@tbnfl4sun/re-inalittlewhile-5k6bdk)
| author | tbnfl4sun |
|---|---|
| permlink | re-inalittlewhile-5k6bdk |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]} |
| created | 2020-11-05 23:17:12 |
| last_update | 2020-11-05 23:17:12 |
| depth | 1 |
| children | 1 |
| last_payout | 2020-11-12 23:17:12 |
| cashout_time | 1969-12-31 23:59:59 |
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| author_reputation | 108,483,422,616,464 |
| root_title | "Balancer LP Update - 2.5 Weeks Of Liquidity" |
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| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| inalittlewhile | 0 | 98,474,369,397 | 100% |
That's how I'm looking at it. I may be holding a bag but at least the bag's getting fuller. And it could still turn into a suitcase. We shall see. π¦ Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@inalittlewhile/re-tbnfl4sun-6dscu1)
| author | inalittlewhile |
|---|---|
| permlink | re-tbnfl4sun-6dscu1 |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"]} |
| created | 2020-11-05 23:33:24 |
| last_update | 2020-11-05 23:33:24 |
| depth | 2 |
| children | 0 |
| last_payout | 2020-11-12 23:33:24 |
| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "Balancer LP Update - 2.5 Weeks Of Liquidity" |
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| net_rshares | 4,941,685,180 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| tbnfl4sun | 0 | 4,941,685,180 | 10% |
hiveblocks