September's Reality Check | DeFi Journey #27

@mercurial9 · 2025-09-07 14:42 · LeoFinance

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Well, September has started and historically hasn't been a good month for crypto in general. This became a self-fulfilling prophecy as my DeFi yields farmed were slashed by 50% to $50.69 in fees for the week. After riding high with my first $500+ month in August, September decided to humble me real quick.

Week 27 TLDR

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  • Yields Farmed: $50.69
  • New Positions Entered: 1
  • Positions Closed: 1
  • Total Deposits: $7,262.46
  • Current Value: $7,086.66
  • Total Fees Farmed (Open Positions): $302.67
  • Yearly APR: 62.40%
  • Price Difference (Inc. Fees): $126.87 (+1.75%)

The numbers don't lie, even when they hurt. Still sitting at a 62.40% yearly APR though, which... let's be honest, beats the hell out of any traditional savings account. Sometimes you need perspective when crypto is making you question your risk and volatility choices.

Recap of Exited Positions

CL2000-USDC/cbBTC 1% - Base

This one was the classic textbook "when something looks too good to be true, it probably is." I saw BTC price dip slightly and jumped into this position thinking I'd found a good opportunity. The rewards pool was sitting pretty at $100k for the week, and I calculated a juicy 50% APR when I jumped in. Then reality hit like a truck. Within days, those rewards got slashed by $50k and the calculated APR dropped to 10% for my CLP position. Sometimes the market teaches you lessons whether you want to learn them or not. At least I walked away with $5.03 profit instead of holding the bag. Small wins count, especially in September.

  • Date Entered: 2025-09-01 11:20
  • Date Exited: 2025-09-07 15:20
  • Total Deposits: $1053.95
  • Exit Value: $1057.15
  • Weekly Yields Farmed: $1.83
  • Total Fees Farmed: $1.83
  • Overall Price Difference (Inc. Fees): $5.03 (+0.48%)

CLP Yield Farming Strategies

CL2000-USDC/AERO 1% - Base

AERO dropped another 2.7% this week, but this position keeps printing fees like it doesn't care about price action. This position generated $26.65 in fees and equated for more than 50% of my total weekly yield. When I exited that disappointing cbBTC position, guess where those funds went? Straight into this AERO pool. Sometimes you double down on what's working.

  • Date Entered: 2025-08-09 10:20
  • In Range: Yes
  • Range: $0.85 to $1.88 (80%)
  • Weekly Yield Farmed: $26.65
  • Total Fees Farmed: $170.47
  • Total Deposits: $3311.21
  • Current Value: $3344.29
  • Current APR: 64.31%
  • Price Difference (Inc. Fees): $203.55 (+6.15%)

CL1-USDT/WBNB 0.01% - BSC

BNB continues to be the stable mainstay of my DeFi CLP portfolio. While everything else is having an identity crisis, BNB just quietly does its thing. Up 1.14% this week while farming $17.11 in fees. This is what boring looks like in crypto: stable altcoin equals stable LP equals stable yield. No drama, no surprises, just consistent returns.

  • Date Entered: 2025-08-15 7:30
  • In Range: Yes
  • Range: $799.80 to $901.77 (12%)
  • Weekly Yield Farmed: $17.11
  • Total Fees Farmed: $93.67
  • Total Deposits: $2170.83
  • Current Value: $2185.25
  • Current APR: 67.48%
  • Price Difference (Inc. Fees): $108.09 (+4.98%)

CL10-ARB/USDC 0.05% - Arbitrum

From my stable BNB position to my problem child, ARB. This position has been testing my patience and my risk management rules simultaneously. ARB followed AERO's lead with a 3% decline? The bigger kicking is my fees also dropped 600% to a pathetic $5.10 farmed this week. For those that have read my DeFi positions know that I have got a 48-hour rule before rebalancing, and twice this week I almost pulled the trigger... then ARB price moved back into range. The position is currently out of range (30 hours and counting) and tomorrow will be decision day - stick with the position or cut my losses. These are the moments that separate disciplined DeFi yield farmers from emotional ones.

  • Date Entered: 2025-08-24 9:30
  • In Range: No
  • Range: $0.499 to $0.745 (40%)
  • Weekly Yield Farmed: $5.1
  • Total Fees Farmed: $38.53
  • Total Deposits: $1780.42
  • Current Value: $1557.12
  • Current APR: 55.41%
  • Price Difference (Inc. Fees): -$184.77 (-10.38%)

The Bottom Line

The ever notorious September has started, and while my yields have fallen off a cliff, they still cracked the $50 mark. That matters more than you might think. See, it's easy to celebrate when everything's going up and your yields are breaking records. The real test comes when months like September and you able to stay afloat and still yield farming. The $100 a week yields will come back - they always do. The question is whether you'll still be standing when they return.


Thank you for reading, and hope you have a good rest of the day!

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