I lost 42% of my investment. My Defi yield farming report for May.

Photo by Tom Pumford on Unsplash

Oh boy oh boy, so where do I start.

My position was liquidated, twice, in May. In the grand scheme, however, I think I’ve learn more than a few hundred dollars worth of lessons.

First, some accounting. At the end of May, here is what I have left.

At the time of this writing, it’s worth $533.57 USD. I started with $918 at the beginning of May. So that’s a 42% lost.

Yup a massive one.

Let’s look at the positions I went in at the beginning of May

$607 SOL-USDT 3x Semi-Long 
$100 GENE-USDC 2X Delta-Neutral
$100 BASIS-USDC 2X Delta-Neutral
$111 SOL-USDC 2X Delta-Neutral

If we take each position separately, we see that most of the lost came from the Long position.

$607 SOL-USDT 3x Semi-Long       :$232.3  (-61%)
$100 GENE-USDC 2X Delta-Neutral  :$105.35 (+5.3%)
$100 BASIS-USDC 2X Delta-Neutral :$84.87  (-15.1%)
$111 SOL-USDC 2X Delta-Neutral   :$108.3  (-2.4%)

SOL itself went from $89.72 to $45.42 during the month of May. That’s a massive 49% drop in a month. Obviously…