Farming ETHFI with $10K FDUSD
I tried farming ETHFI with FDUSD for 10 thousand dollars. And here is the result.
I had 10 thousand US dollars and I converted it to FDUSD which cost me 25 dollars. I then compounded FDUSD for three days at 0.2 ETHFI per hour and now I will have a total of 11 ETHFI.
RN FDUSD is trading at 0.9980, so converting my FDUSD back to USDT would cost $70.
In total it cost me $35 plus conversion fee and three days. And in return I received ~11 ETHFI
IMO 11 ETHFI is unlikely to cost $70.
You can avoid conversion and up/down costs if you already have FDUSD or don't want to convert back to USDT, or wait and only convert when there is no change in FDUSD/USDT. It can even be used to make a few dollars by converting FDUSD/USDT back and forth at the right time.
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