I started accumulating Kami NFTs again.🧵
For quite a long there wasn't any update about my
@kamigotchiworld strategy.
Goal is to get at least 150 Kamis, why?
1. ~2k% APR on
@initia VIP.
Community convinced
@0xl3th3 to bribe on
@CabalFDN. That means Kamigotchi players now get ~$5-8K in
$INIT rewards every 2 weeks. Note: Tokens are locked/vested for 1 year.
I personally vest them (and unlock 1/26 every epoch = 2 weeks).
Kamis are extremely cheap, there is almost no competition in VIP farming - 36 accounts last week.
My current setup:
100 Kami NFTs at $4/each = $400 total
They generate 200k VIPP/day - max ~3M VIPP per cycle
Gas: $3/day = $42 per 2 weeks
Last epoch benchmark:
900k burnt VIPP = 1,730
$INIT = ~$104 (yes, at current
$INIT prices after market dump ~$0.06 USD)
Scale that to my 3M VIPP (max I can get with 100 kamis in 14 days):
~5,766
$INIT = ~$347 gross
Minus gas: ~$305 net every 2 weeks
APR:
Annualized: Gross APR: ~2,250%
Net APR (after gas): ~1,980%
Considering current
$INIT price and pool size - both can move.
2. Mint-out is close.
~3,000 Kami left to mint. Once supply is gone, the team has signaled a new economic model drops (I guess somehow connected with
@asph0d37). I have no idea what it is - but at $4/NFT, I will take that risk. The downside is priced in. I'm playing for supply shock and whatever comes after.
NFA. Assumes current
$INIT price and pool size - both can move.