January 2024 Defi Report

January Report

February 1st claimed rewards (28.552 Ref) Ref was staked as xRef (20.142) giving us a total xRef balance of 590.185

We still hold our previous USDt balance of $140.16 and now have an xRef balance at current market value of $165.25, giving us a total USD equivalent of $305.41 down $51.37 from last month.

Impermanent loss has put our farmed value at $503.86 at time of report, so at present, from our initial $500 investment in DeFi, our current total balance (including rewards) is $809.64, after 17 months of this process.

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