Yesterday when $BERA dropped by about 7%
$LBGT, $iBGT, $yBGT, $osBGT and various xBGTs all dropped between 15% to 23%. $LBGT fell from 2.1 $BERA to a low of 1.6 $BERA, causing me, the main miner of LBGT, to incur heavy losses (approximately 40 BERA in terms of coin value, about 700 U in terms of U value). Currently, with the slow rebound of $BERA, the prices of various xBGTs are also gradually rising, including the price ratio with $BERA.

I have to reevaluate the safety of various xBGT mines. xBGT mining is like doubling down on $BERA; when $BERA drops significantly, they exacerbate this loss, meaning in terms of coin value, there will be an additional loss of $BERA. No wonder most whales do not invest large positions to mine these types of mines.

Another point is that transfers must be decisive. Last night after reviewing, I looked at several whale users on debank I was following; those who mined LBGT cashed out completely during the first wave of major drops at noon. No wonder the exchange fees for ooga were ridiculously high yesterday (laughs). I also found that the fees collected by kyberswap were less than those of ooga by looking at the operations of the big whales.

The current mining strategy is to seek stability in coin value. Basically, I am fully investing in Infrared's dWBera staking, which normally should not result in coin losses. I will mine until the end of April and choose a time when the coin price is still relatively good (if there is one) to withdraw, waiting for the May staking airdrop wave to finish before reopening mining. Additionally, this might be a low-risk hedging route? dolomite borrowing (-70%) -> Infrared staking (90%) -> staking income of iBGT restaked (200%), which can also be considered a small flywheel (laughs).