[REPORT] BeatDAO in DeFi | July-22

BeatDAO deposited approx $1k into the FLX<>NEAR LP on ref.finance using beatdao.near wallet.

Tx Action
NEAR Explorer | Transaction Added liquidity / 0.005 LP tokens received
NEAR Explorer | Transaction LP tokens successfully staked in FLX-NEAR farm

Current one-month scenario:

  • Rewards are going to be taken every month
  • Collected $REF will be staked in xREF
  • Collected $FLX will be dumped for NEARs or for a stablecoin, which then will be transferred to BeatDAO treasury

Please note that the actions taken in the future may be different from the above, as market conditions are unknown. Nevertheless, all necessary actions are going to be taken to maximize the profit for BeatDAO in the long term and create self-sustainability in the DAO.

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