Governance Period #4: Strategy Guide
Are you ready to set an ambitious, but achievable goal to increase your earnings this period?
Welcome back to the Club, gov!
Last Governance period, I set out to earn one year’s worth of rewards in one period. Based on my Governance allocation, this would have totaled about 1,000A in one quarter.
It might sound unachievable, but it wasn’t.
In fact, through methodical planning and calculated execution, I earned nearly double my initial goal.
In the following Governance period #4 strategy guide, I’ll review how I earned ~2,000A in one period, what I learned, and how I’m going to apply those learnings to earn another 2,000A in the next Governance period.
Period #3 Performance & Learnings
This all started with one goal: earn a full year's worth of rewards in one Governance period.
Not only did I accomplish that goal but nearly doubled one year’s worth of Governance rewards in one period alone:
If I were to keep this pace, I would earn ~7,700A in one year.
To accomplish my goal, I broke my portfolio out into three categories:
Risk-Off Passive Income: Relatively safe investments that take little to no time to manage
Risk-On Passive Income: Strategies that take on more risk (i.e. smart contracts or impermanent loss) and require more time to manage than risk-off passive income, but are still relatively passive in nature
High Risk, High Growth: Take on more risk than the previous two strategies to achieve higher gains (i.e. NFT or ASA trading)
And I also decided early on I wanted to plan for and capitalize on the following:
Volatile market conditions: Specifically the potential ALGO’s price had to continue to move in a downtrend or even crash
Aeneas Rewards: If I decided to provide liquidity or stake, I wanted to make sure I maximized the extra rewards that could be earned during the period
Hot NFT Market: In April, the NFT market was red hot and I knew making profits would be easy as long as I stuck to quality pieces from popular projects
To execute my plan, I evaluated many tactics before deciding to invest in three projects alongside Governance: Pact, Alandia, and Crazy Goose Flock.
Here’s a look at how each tactic performed:
Gov Tip: This is for Alpha Club members only. Learn how to become confident in your DeFi game for less than a buck a week here.