ICP Tokens, Token Pools, and Harvesting

So, by now you should know that ICP has some incredible tokens on ICPSwap. But even better are the token pools where you can deposit and harvest even more tokens think of it as staking. I’m going to use percent at the time of this article to help you get the most out of your token pools.

Ghost tokens for example are at 33.27 APY. So, if you invest 1000 ghost tokens for a full year you end up with 1332.7 ghost tokens. This number is if you only harvest the one time at the end of the year though. There are still ways to help increase this depending on how much you invest and how diligent you are with your pools. Increasing your APY is easy as well and I’ll be calling this your effective APY or EAPY for short.

All parameters for the investment remain the same. Starting out with 1000 tokens same APY and this is over the course of a year. The only thing that is changed is how often you harvest and then reinvest that harvest. As you can see depending on the starting APY the investment can grow very quickly. Now is setting up a daily alarm for this needed probably not there are still other things to consider. Does the amount you gain on a daily basis cover the cost of any transaction fees and is it worth your time?

In the top example the amount gained between daily and weekly is so low that it does not cover the transaction fees for reinvestment daily, but as the initial investment or APY increase it could. This is a determining factor in your harvest and reinvestment practice. Also remember the APY is not fixed it can change daily these numbers are only based off the information when writing this article.

Now this is not financial advice as I am not a financial advisor, always do your own research in money matters. I Just want to show you that there are ways to make the most out of the token pools above and beyond what they give. You can use any compound interest calculator that you find online and input your own numbers to find that sweet spot for you.

Written by: Justin Burgin