Understanding the Yield Farming Potential rewards for YFBTC & YFETH DeFi

YfSwap
3 min readOct 13, 2020

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YFBitcoin DeFi Yield Farming Rewards estimation

YFBTC ROI ESTIMATION

1,196 YFBTC is the🚀initial circulating supply for YFBTC [the maximum amount available for yield farming]

Please note: YFBTC Smart contract holders : 0xff034d12353867fc4228f4ae3e689cd6dcaad120

Estimated calculations on how to obtain the ratio of per-block rewards by the total weightage.

  1. If YFBTC current value is $600
  2. Per Block Yield Farming rewards: 0.008641975 YFBTC / block (Second Month)

The initial set of LPs and YFBTC reward multipliers as below:

  1. YFBTC/ETH, 20x YFBTC rewards
  2. BITTO/ETH, 4x YFBTC rewards
  3. WBTC/ETH, 1x YFBTC rewards
  4. UNI/ETH, 1x YFBTC rewards

ESTIMATION FARMING YFBTC PER HOUR REWARDS ACCORDING TO THE ABOVE SCENARIO ☝🏻

  1. $2000/$770,000 = 0.00259*20x (multiplier)*0.00864197(per block reward)*5760 ( a day has 5760 blocks est)= 2.578 YFBTC per day ($1546 per day)

This is dependent on how many LP is being staked and how many users are sharing the pool.

Please note: Above scenario is an estimation. The value may differ based on the variables mentioned. Rewards may be higher if there is less than 100% of initial YFBTC supply for farming or if YFBTC price is higher than the scenario said.

You can now estimate the hourly rewards by the percentage % above to obtain the DAILY, MONTHLY OR YEARLY rewards.

YFETH ROI ESTIMATION

9,889 YFETH is the🚀initial circulating supply for YFETH [the maximum amount available for yield farming]

Please note: YFETH Smart contract holders : 0x68763e696bdee1726e5a2d100fceaa5bd6c2fb3e

Estimated calculations on how to obtain the ratio of per-block rewards by the total weightage.

  1. If YFETH current value is $5
  2. Per Block Yield Farming rewards: 0.4 YFETH/block (First month)
  3. Assuming total weightage: 7.5 (2.5+2.0+1+1+1) = 0.4 YFETH per block / 7.5 = 0.05333 ratio

The initial set of LPs and YFETH reward multipliers as below:

  • BITTO/ETH = 2.5x YFETH reward
  • YFETH/ETH = 2.0x YFETH reward
  • USDT/ETH = 1x YFETH reward
  • USDC/ETH = 1x YFETH reward

Assuming 100% (9,889 YFETH) of the initial circulating supply of YFETH is used for yield farming.

  1. 9,889 YFETH @ $5 = $49,445. LP is a pair of same value. so each side of the pair is valued at $49,445 = $98,890 total LP pair value
  2. Per hour 0.0533 ratio*240(4 blocks a minute * 60 minutes an hour) = 12.8(Total Block reward per hour)*$5 YFETH value= $64 is the estimated reward in YFETH VALUE per hour.

ESTIMATION FARMING YFETH PER HOUR REWARDS ACCORDING TO THE ABOVE SCENARIO ☝🏻

  1. $64/$98,890 = 0.064% (USDT/ETH) 1x YFETH reward
  2. 2.5x *0.064% = 0.162% (BITTO/ETH) 2.5x YFETH reward
  3. 2.0x *0.064% = 0.128% (YFETH/ETH) 2.0x YFETH reward

Please note: Above scenario is an estimation. The value may differ based on the variables mentioned. Rewards may be higher if there is less than 100% of initial YFETH supply for farming or if YFETH price is higher than the scenario said.

Farming YFETH at yfswap.finance & Farming YFBTC at yfbtc.net

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