Zygar’s Crypto Retirement Plan Update — DAOs & DRIP
- Table of Contents
- Euphoria Projections
- Wrapped Staked WAGMI (wsWAGMI) + Calculator - Now Live on Euphoria
- Introducing the first ever 4,4 Bond: MIM
- My Hector Investment
- Hector Projections
- My Wonderland Investment
- Wonderland Projections
- Zygar’s Crypto Retirement Plan Update — DRIP Network Earnings After Three Weeks
- DRIP as a…business?
“What a Long Strange Trip It’s Been” — Grateful Dead
Hello and welcome! It’s been a couple of weeks since the last installment of “Zygar’s Crypto Retirement Plan.” Time is certainly flying by as I continue to track my DRIP holdings as well as research, evaluate and even participate in a few DAO projects to help diversify my retirement strategies.
A little background here: I’ve been contemplating getting into “lesser known” tokens but have been so impressed with the DAO projects, specifically with their rebasing capabilities (more to follow below), I started exploring those kinds of projects which utilize “up and coming” tokens.
If you’re here to check out what I’m focusing on, let’s get started without further adieu.
Table of Contents
One of those “lesser known” projects is Euphoria (also on Medium @VenomDAO), a Harmony blockchain-based fork of the wonderful Wonderland DAO and based on the WAGMI token. Harmony is fast, allows room for growth and maintains reasonable fees; a number of my favorite combinations. 😊 It’s run by an established team with very involved communities on both Telegraph and Discord.
As you can see from the screenshot below, the APY is a whopping 725,812.7% which surpasses my other DAO projects. The runway is a beautiful 236.8 days, meaning that’s how many days the project can sustain its APY without any additional minting (revenue) into the treasury; basically, the higher the number, the more sustainable a project is.
My Euphoria Investment
I initially jumped in with just 0.028842 WAGMI tokens at $1,733.15 per token. Since then, thanks to the power of rebasing (which occur every Epoch), I’m now at a very nice 0.085003 number of WAGMI tokens or 0.050592 wrapped staked, e.g. wsWAGMI (more info below).
As depicted in the image on the left below, based on Euphoria’s calculator, should the token price remain flat (unlikely due to the way the treasury is set up but for example’s sake) for the next 365 days, I will, theoretically, enjoy an increase to an overall 618.431787 WAGMI tokens for a potential return of $1,074,475.75. (Note: the Telegraph admins actually sent me an additional $50 worth of WAGMI as a token ((pun not intended)) of their appreciation for a personal project I shared with them relating to Euphoria. I’ll provide details in a separate upcoming article soon! Just shows me how kind and generous this team and overall community is; “WAGMI” indeed!)
For the image on the right below and for comparison’s sake, let’s say the WAGMI token will have a very rough year and fall to $250.00 per token (again, unlikely due to the intrinsic value). That would still net me a nice theoretical $154,607.94 return. Certainly not enough for me to retire on but still a tidy sum I’ll happily take!
That being said, I’m certainly planning on HODL’ing Euphoria. 👍
Note: you may have picked up the “0 sWAGMI” in the screenshots above. That’s because my stake is actually wrapped for tax purposes; another nice function Euphoria has natively built into their project without the need to go to Abracadabra or another wrapping solution. I like keeping wrapping within the projects for obvious reasons.
My next “little known token project” I am excited to be part of is Hector, also on Medium @HectorDao. Hector runs on the very fast and reasonable Fantom Opera blockchain, and its token, HEC, is primarily backed by the DAI token, along with other assets. What sets Hector apart is basically HEC will always be worth equal to, or more, than DAI, as explained. That, my friends, is a beautiful thing. Hector is about a month old so there’s room for plenty of growth. It’s DAO with a very experienced and driven leadership team, and very active community across various platforms. Additionally, Hector’s documentation is fantastic for helping out new investors how to decide which strategies they might consider going with, e.g. bonding vs. staking, etc.
Hector constantly releases updates and offerings across its various social platforms highlighting partnerships, new features and so much more. They even take user input and vote on what to work on next. I seriously don’t think these guys ever sleep! 😴
Finally, Hector is currently the only project offering 4,4 bonding.
Introducing the first ever 4,4 Bond: MIM
HIP-001 was clear: 95.59% of all votes went to MIM as Hector DAO’s next bond. We expected MIM to take victory over…
As you can see from the screenshot below, the APY is an extremely respectable 341,484.1% which is the second highest APY of my DAO projects. The runway is a very creditable 198.2 days, considering the project is only a month old, again, meaning that’s how many days the project can sustain its APY without any additional minting (revenue) into the treasury; basically, the higher the number, the more sustainable a project is.
My Hector Investment
I initially jumped in with just 0.8974 HEC tokens at $193.05 per token. Since then, thanks to the power of rebasing (which occur every Epoch), and having recently purchased another 0.4468 worth of HEC on 12/1/2021, I’m now at a very nice 1.888236 number of HEC tokens or 0.8001 wrapped staked, e.g. wsHEC (more info below).
As depicted in the image on the left below, based on Hector’s calculator, should the token price remain flat (unlikely due to the way the treasury is set up but for example’s sake) for the next 365 days, I will, theoretically, enjoy an increase to an overall 5036.577536 HEC tokens for a potential return of $1,258,640.72 or the equivalent of five Tesla Roadsters.
For the image on the right below, and for comparison’s sake, let’s say the HEC token will have a very rough year, and fall to $175.00 per token (again, unlikely due to the treasury). That would still net me a nice theoretical $881,401.06 return, or “only” four Tesla Roadsters. Still not enough to retire on but think of what I could do with four Tesla Roadsters??
That being said, I’m certainly planning on HODL’ing Hector and will probably even take some proceeds of my other projects and stake more in. 👍 (Update for 12/2/2021: I actually sold a bit of DRIP to stake some more HEC.)
Note: you may have picked up the “wsHEC” mention above. That’s because my stake is actually wrapped for tax purposes; another nice function Hector has natively built into their project without the need to go to Abracadabra or another wrapping solution. As with Euphoria, I like keeping wrapping within the projects for obvious reasons.
My final DAO project is Wonderland, based on AVAX and other assets and running on the commendable AVAX blockchain. Wonderland is arguably the “granddaddy” of my holdings, forked from the Olympus DAO, it’s been around a little while, and run by a very seasoned team, and has a huge community across various social platforms.
While the APY may be the smallest of all of my projects, it’s still a very respectable 82,128.8%. The kicker, however, is Wonderland’s runway which is an almost unheard of 412.6 days, meaning that Wonderland, my friends, isn’t theoretically going to be in trouble any time soon thus making it a very sustainable option. That, along with its crazy backing of $2,030.00 per TIME makes it an extremely attractive investment, indeed, especially considering the intrinsic value that it cannot fall below.
My Wonderland Investment
Wonderland is my oldest yet largest DAO project having gone “all in” initially. I jumped in with just 0.1299 TIME tokens at $8,016.92 per token. Since then, thanks to the power of rebasing (which occur every Epoch), I’m now at a very nice 0.20326145 number of TIME tokens, or 0.009823 wrapped staked, e.g. wMEMO (Yes, you read that right! I obtain MEMO since I’m staking TIME with a ratio of 1:1; more info below).
As depicted in the image on the left below, based on Wonderland’s calculator, should the token price remain flat (unlikely due to the way the treasury is set up but for example’s sake) for the next 365 days, I will, theoretically, enjoy an increase to an overall 168.776354 TIME tokens for a potential return of $1,254,350.92, or the equivalent of five Lambos.
For the image on the right below, and for comparison’s sake, let’s say the TIME token will have a very rough year, and fall to $3,716.02 per token, or half its current value (again, unlikely due to the treasury). That would still net me a nice theoretical $627,176.30 return, or “only” two Lambos. I actually prefer the Tesla Roadster, but I’ll take a couple of Lambos!
That being said, as I mentioned earlier, Wonderland is my “rock” and one I’m also certainly planning on HODL’ing 👍.
DRIP Network ($DRIP)
Ah, DRIP…how I love thee, for you are my stable rock of consistent 1% daily compounding. I’ve written about DRIP before, of course, so will spare details here:
Zygar’s Crypto Retirement Plan Update — DRIP Network Earnings After Three Weeks
Is a 63% uptick in performance worth it after only three weeks? Yeah, I’d say it is…
DRIP as a…business?
Will my DRIP business allow my wife and I to retire to a beach via the $4.7 million my spreadsheet is estimating? Time…
That being said, let’s see how my DRIP holdings are doing, shall we?
The images below are:
- Top left: my main/parent wallet
- Rest of images: my children wallets #1–5
- Six wallets overall consisting of: total deposits — $3,161.24 or a total of 110.091 DRIP, and Max Payout — $11,520.44 or a total of 401.829 DRIP
- This is in comparison to my previous (as of 11/15/2021): total deposits- $1,226.57 or a total of 72.151 DRIP and Max Payout — $7,123.68 or a total of 334.917 DRIP.
- This leaves a positive net difference of: total Deposits — $1,934.67 (gain of 61%)and Max Payout — $4,396.76 (gain of 62%)
- To summarize: my DRIP holdings are up almost $2k in just over two weeks for a new overall total of $3,117.82. TWO WEEKS!
Note: calculations above are based on DRIP’s true price per token from the DRIP Community site’s “fountain” page due to the lag on the CoinMarketCap site (but not too much of a lag as depicted below).
Ultimately, my DRIP holdings are flying high according to CoinMarketCap below as well. To reiterate, my overall DRIP stake has increased 77.65% since October 17th when I first jumped in with an initial investment of $1,000.00. Certainly nothing to sneeze at!
Sooooo, to summarize my overall portfolio, here we go:
- While we’re currently seeing a dip probably due to the holiday season and latest Omicron COVID news, I’m confident all my DAOS will continue to serve me well into the foreseeable future.
- I continue to focus hard on DRIP and have high hopes it will serve me well on its own, no matter what else happens.
- Obviously these are my own opinions meaning I could be completely off base but I’m happy to continue reinvesting and putting in a few pennies here and there to keep these projects going.
What is DRIP?
DRIP is a project that is able to provide passive income through smart contracts in DeFi. It was created on the Binance Smart Chain, and the DRIP Token can be bought with BEP20 BNB.
The bedrock of DRIP is the feature of paying 1% on your investment per day. You can either pull that amount out and receive your 1% return of the DRIP token per day, or you can “Hydrate” or recompound your earnings and compound the 1% against the new amount. By Hydrating you start to see the 3678% APYs by the end of the year (fees excluded for simplicity).
How to Start
- Go to https://drip.community/fountain/ and exchange BNB for DRIP. Enter a Buddy address in the Referral section. Consider adding Catalyst’s address for your Buddy: 0x699579c5dEe4F0ccc19e50C50caae4f6b60bB118 (You can click the “Buddy Detected” button if you use the link above to get there. This is the excellent article by Catalyst that initially got me started: https://cryptozoa.com/how-to-purchase-drip-crypto-a-new-to-crypto-beginners-guide-b1173f3d886d
- Deposit at least 1.12 DRIP (Ensure you have enough BNB to pay for the gas fees, e.g. approximately 0.05–0.1)
- You’re setup on DRIP. Get ready to receive 1% daily! Just be sure to come back regularly to click the “hydrate/compound” button.
I am part of the Cryptozoa DRIP team. We are a global community of DRIP enthusiasts who are welcoming and helpful. We converse on our own private Telegram group where we share DRIP tips, strategies, breaking news, and more. If you would like to join in the conversation, please join the Cryptozoa team (by getting into DRIP and using my Buddy address above), and then head over to the Cryptozoa Telegram Gateway. Let the admins on duty know that ZygarDude sent you — then once you are onboard, please feel free to look me up and DM a “hello” to me. Would love to talk with you about your crypto journey!
Cryptozoa Telegram — https://t.me/joinchat/PbTulqLoCmAzZmQx
DRIP Lightpaper — https://www.docdroid.net/0i3RJTu/drip-lightpaper-pdf
DRIP CONTRACT LINK — https://bscscan.com/token/0x20f663cea80face82acdfa3aae6862d246ce0333
NOTE: The amount Deposited is not withdrawable. In exchange you receive 1% of that staked amount on a 24 hr basis for the next 365 days, which can be rehydrated/compounded, or claimed.
The Manor Farm — https://themanor.farm/
The DRIP-BUSD Mine — https://themanor.farm/miner
Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article. The article may contain affiliate links.