# July Defi Report

**URL:** https://gov.near.org/t/july-defi-report/35594
**Category:** Uncategorized
**Tags:** nxm-dao
**Created:** [August 1, 2023, 7:58am UTC](https://gov.near.org/t/july-defi-report/35594 "2023-08-01T07:58:51Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![bonepolice](https://avatars.discourse-cdn.com/v4/letter/b/f475e1/32.png) [@bonepolice](https://gov.near.org/u/bonepolice)
#### Post date: [August 1, 2023, 7:58am UTC](https://gov.near.org/t/july-defi-report/35594/1 "2023-08-01T07:58:52Z")

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July Report

August 1st claimed rewards (66.091 Ref). Ref was staked as xRef (47.867) giving us a total xRef balance of 359.208 xRef

We still hold our previous USDt balance of 140.16 and now have an xRef balance at current market value of $35.92, giving us a total USD equivalent of $174.41 up $1.67 from last month.

Impermanent loss has put our farmed value at $332.26 at time of report, so at present, from our initial $500 investment in DeFi, our current total balance would be $506.67, after 10 months of this process.