Hello and welcome to my channel Crypto Explained! I am very happy that you are here! Today we'll take a look at what Liquidity
Mining at Cake has brought and how you can calculate your profits cleanly and quickly. I have prepared a small Excel sheet for you
that we will go through step by step and which you can download here for free. At this point I can also recommend you to
watch the video of Julian and Mark and also the Excel sheet of Mark, which is much more
This should be a short and crispy profit calculation. First of all a small disclaimer: The numbers
you see here are real numbers that have been created by a real portfolio with fees and
everything. However, this does not reflect what I have
invested in cryptocurrencies or what you should invest. This is an extra created test portfolio. The first thing you need to determine your
profit is the amount of coins you deposited in each pair.
I decided to use only DFI/BTC and ETH/DFI
for the test portfolio. If you still use DFI/USDT, you can simply
add columns. If you don't remember what you invested initially,
you can go to Cake and to Transactions. Here you can then look at how much BTC did
I put into the LM? For example, on December 6, 0.02453 BTC was
put into the pool. You can look at this and add up and also look
at DFI. If the DFI tables are too long for you, you
can export the whole thing and open it in Excel. Here you can search. Just press CTRL+F and type "added" and you
will see the first entry where 735 DFI were put into the LM. If you click on it again, you will get to
the next data point. So you can find out what you have invested.
If you had written it down, even better. We now have our pairs here and started on
06.12. In this portfolio I have deposited several
times, so you see here at DFI/BTC 3 deposits and at DFI/ETH 2 deposits. Then directly below the sum is formed. Once you have that, you can look at the next
step what I would get out if you cashed out. I've actually cashed out now, but if you don't
really want to cash out and just want to see how the whole thing works, you can go to Remove
at Cake at Liquditiy Mining and cash out your shares there at the bar. Here I have actually not yet paid out ETH,
because the pool was not yet properly balanced. Here you can see how much you would receive. What does minimum means? Cake makes the whole thing so that you can
now pay out and shows you a MIN price, where cake then waits 3-6 hours to give you ggbf.
A better price. But you can't get out less by this mechanism. If you then have your payout values, you can
enter them here and then the Excel template automatically creates the next values. I have actually provided everything with formulas,
if something does not fit you must ggbf. Manually look again but it should actually
work. We now see here that we have paid out 2860
DFI and paid in 3337. So we see here really a deviation of almost
500 DFI that has arisen due to the price shift.
There most frighten themselves and ask themselves
whether they would make then really profit. We have the same thing here with the DFI/ETH
pair. What you must not forget now is that we have
a negative deviation in DFI but a positive deviation in BTC and ETH. For this you have also received your rewards! Further we see then that we have lost altogether
911 DFI, o,02 BTC and 0,17 ETH in addition got. If we now ncoh against the rewards we come
to a total of 882 DFI rewards and BTC ETH rewards.
So we even come to a loss of 28 DFI and a
profit of 0.021 BTC and 0.17 ETH. I have now imported the current prices so
that you can see your profit updated in $ and €.
You could now calculate this value again as a percentage against the stake to determine
the percentage profit. At this point you might want to pay attention
to the prices you are calculating with. Mark had in his Excel sheet, for example,
the price movements directly included, which makes the whole thing more detailed but in
this way you get in a short time an overview of what you have won and lost in absolute
numbers by the LM. I hope this helps one or the other of you
to understand that even if you have lost a lot of DFI's so far, the return is still very
good and I can perhaps take away the fright when you see your DFI's dwindle. If you don't understand how these price shifts
come about, take another look at my animated video on Impermanent Loss. That should be it for today. In the near future there will be another beginner
friendly and animated video where I explain exactly what Liquidity Mining is.
We will also take a look at Staking and then
we will have a detailed review about Cake. I'm happy if you have seen the video up to
here and would be very happy about a subscription, like or comment! If you also want to do Liquidity Mining with
Cake, you can find a link to Cake in the description below. If you sign up through it, I'll get $10 in
DFI and you'll get $20 in DFI right away. If there are still questions, write them in
and then until then take care, I wish you a wonderful and reflective Christmas season