How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF’s DeFi holdings

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DeFi’s TVL has exceeded 110 billion U.S. dollars. In the face of such a huge gold mine, how should investors dig for gold?

Original title: With a daily income of 2 million US dollars, what land does SBF, the youngest and richest man in the blockchain industry, plant in DeFi farmland?
Written by: longcrypto

Today, when DeFi has been talked about by many people, how to invest in DeFi is still a problem, and the strategies of giant whale investors may provide some reference. For example, Sam Bankman-Fried (SBF), FTX co-founder and CEO and Serum consultant, has nearly $3 billion in farming in an address that can earn about $2 million in profits every day.

How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdings

Some people will say that his capital is too large, which is of no reference to DeFi farmers with ordinary capital. In fact, SBF was infamous in the blockchain industry three years ago. Today, less than 29 years old, his worth has soared to the level of tens of billions of dollars, and he has become the richest person in the blockchain industry. Therefore, observing his position, there is still a certain reference significance for ordinary DeFi farmers farming.

SBF’s wallet holding portfolio

The assets in the SBF wallet are worth 200 million U.S. dollars, and the remaining 2.5 billion U.S. dollars are farming.

In the wallet, the top five assets with the highest holdings are SRM (US$170 million), USD (US$10 million), BBTC (US$5.49 million), SXP (US$4.94 million), and USDC (US$4 million).

How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdings

SRM is Serum’s token, and SBF has been helping to establish Serum since last year. At the “Supercomputing · Convergence, 2021 Global Blockchain Computing Power Conference” held by Babbitt not long ago, SBF greatly appreciated Serum’s achievements.

In the last week, the SOLANA ecosystem has exploded, and the foundation of almost all Solana applications is Serum. However, Serum’s overall valuation is nearly $100 billion, which is really daunting. SXP ushered in a positive today. The project party announced that it had destroyed 17% of SXP tokens, which are currently worth more than 200 million US dollars. Subsequently, Binance founder CZ also tweeted to be pleasantly surprised by the project’s actions. As of press time, SXP has risen by more than 20%.

Farming combination

SBF’s main funds are used for farming, and BSC accounts for the largest proportion of funds, which indirectly shows that BSC is attracting more and more users to participate.

There are nearly 600 million U.S. dollars in Ethereum funds, mainly concentrated in Sushiswap, LP is mainly composed of ETH with SUSHI, YFI, AAVE, LINK, SNX, REN, UMA and stablecoins.

The tokens selected by SBF are basically the leaders in the subdivisions. Such as lightning loan leader AAVE, oracle leader LINK, derivatives leader SNX and so on. The biggest worry in group LP mining is the risk of impermanent loss. If you choose the industry leader, you can eat the dividend of the token price increase and get an extra income. The fact is also true. Since the adjustment of DeFi tokens in October last year, almost all leading tokens have reached new highs, and even AAVE and SUSHI significantly outperformed ETH during the same period.

How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdings

There are 1.9 billion U.S. dollars in BSC funds, which are relatively scattered, respectively in Belt, MDEX, Bunny, Venus, Pancakeswap, Nerve, and Ellipsis.

How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdings

On Belt, Nerve, and Ellipsis, almost all stablecoins are farming, with an annualized return of more than 30%.

On MDEX, the strategy adopted is to use USDT and other stable currencies with ETH, BTC, BNB, XRP, ADA, LTC, DOT, etc. as LPs to farm. These assets are basically the top ten items in the cryptocurrency market value rankings.

On Bunny and Pancakeswap, BNB is paired with BTC, ETH, DOT, UNI, XRP, BAND, ALPHA, ADA, SXP, DODO, XVS and USDT. It is worth noting that XRP and ADA have been criticized by many insiders, but SBF does not seem to care about these.

$2.3 million in daily income

The farmland cultivated above SBF, according to the current situation, can generate 2.3 million US dollars in income per day. Compared with the cost of 2.5 billion US dollars, the annualized rate of return is around 33%.

Sushiswap: daily income of 450,000 US dollars

How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdingsHow the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdings

Belt: Daily income of 330,000 US dollars

How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdingsHow the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdings

MDEX: Daily income of 320,000 US dollars

How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdingsHow the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdings

BUNNY: Daily income of 880,000 US dollars

How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdingsHow the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdings

Pancakeswap: daily income of 230,000 US dollars

How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdingsHow the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdings

Nerve+Ellipsis: Daily income of 90,000 US dollars

How the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdingsHow the FTX co-founder tapped the DeFi gold mine: Inventory of SBF's DeFi holdings

With a click of the mouse every day, more than 2 million US dollars are credited to the account. This is the daily routine of giant whales like SBF.

It should be noted that there are risks in DeFi farming. For example, a loophole in a BSC project yesterday resulted in the theft of US$50 million in funds. Investors’ funds are currently almost impossible to recover. In addition, the BUG of the project party will also cause damage to user funds. For example, the previous upgrade of the lending platform Venus on BSC resulted in BUGs in many machine gun pool strategies that damaged user funds. So far, some machine gun pools have not compensated users for this part of the loss.

Disclaimer: As a blockchain information platform, the articles published on this site only represent the author’s personal views, and have nothing to do with the position of ChainNews. The information, opinions, etc. in the article are for reference only, and are not intended as or regarded as actual investment advice.

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