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RE: Leo Talk 5/10/21 - Come Join Our Chat (Part 1)

in LeoFinance3 years ago

That's important.

I used to do that too but then I realized I was paying too much in fees.

Now I have a different approach, which is optimizing for fees. I only harvest when the fees represent around 1% (or even less) of the total. That's something I'm comfortable with.

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I don't calculate fees , I just leave it for 1 or 2 weeks and then when it is above 1 or 2 CUB then I compound .

BTW , 1% fees is also too much isn't it ? :(

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Well, that can vary depending on who you ask.

It's a lot less than what I was paying before I started doing that optimization and something I'm comfortable with for now.

But I'm always revisiting strategies so that may change.

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But I'm always revisiting strategies so that may change.

Yeah having the same strategies for a long time is stupid I guess lol .

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Yup... some people say If ain't broke don't fix it but I don't believe in that. I'm always looking for ways to do things better, no matter how good they are.

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If you are doing it at 1 CUB, you are paying about $.50 to great a $1.80 token.

Arent you?

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Damn really ? I have no idea , I haven't calculated it yet .

I think I should just leave it alone then .

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Or at least calculate it. I will figure out the fees next time I do something in there to give you a ballpark.

But yeah you might want to let it grow a bit. Are you just using the Den or are you in Farms too?

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That is a good rule of thumb. It actually makes a lot of sense. So for a$150 if memory serves me correct?

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Not sure if I understood... did your message get cut by any chance?

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You said you aim for 1%. How much does it cost you to harvest?

I was saying that I think to be 1%,wouldnt it need to be $150 worth of CUB to harvest?

Or is my math off?

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Ohh sorry, I got it now

Yea, last time I checked it was something around that... something around 100 or 150 dollars worth of CUB

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