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| By Chris Coney |
If you are a Uniswap (UNI, Tech/Adoption Grade “B”) user, I am willing to bet you have run into the same problem as me.
Namely, the frustrating and time-consuming nature of tracking returns for concentrated liquidity positions on Uniswap V3.
The frustration stems from:
1. The need to track capital gains and yield separately;
2. And the fact that the U.S. dollar values for liquidity and unclaimed fees often do not appear in the Uniswap interface for a while … or they do not stay long once they do.
Instead of browsing Uniswap chat groups to troubleshoot why the USD values are not displaying properly, I went looking for a more reliable solution.
And what I found is much better than just a quick fix.
Introducing Revert Finance
Revert_ is a set of tools for liquidity providers.
Simply connect your wallet, and bam:
Each of your liquidity positions are pulled in with the current values all displayed correctly.
But not only does Revert_ display the USD values correctly and immediately … it also gives you an instant view on the fee annual percentage rate and total APR.
In this case, fee_apr is what I refer to as yield, and total_apr is when capital gain is added to the yield and called all yield.
However, this is just the tip of the iceberg. Revert_ is capable of much more.
In fact, if you click on the gray tab that says Expand …
You will see a full breakdown of all the positions stats, most of which you do not get directly through the Uniswap interface.
Here, the most useful tools to me are the USD values listed under unclaimed_fees because that is what I use to calculate the annual percentage yield in relation to the original USD value invested.
So, this handy tool can be used to exclusively determine your returns with these calculations.
You can also take it a step further by using the numbers from Revert_ and putting them into a custom portfolio tracker — like how I have done for my Crypto Yield Hunter members.
Single Asset Fee Collection
When the optimal time to harvest fees comes, I send a timely alert to my members.
For the strategy we use in Crypto Yield Hunter, we swap all our fees into USD Coin (USDC, Stablecoin) after harvesting them to lock in their value.
Revert_ can help with this too.
If you click on the Claim fees button, a whole new section pops out:
With these tools, you can use the Collect fees in drop-down menu and set it to USDC.
As you can see in the image above, the large green horizontal slider shows I had about 43.33 USDC and 0.51 Aave (AAVE, Tech/Adoption Grade “B”) in unclaimed fees.
On my own, I would need to harvest those rewards then manually swap my AAVE for USDC.
But if I run the transaction as it is configured in the screenshot above, I would do one transaction and receive 87.97 USDC in my wallet.
This is because it will have swapped the AAVE into USDC for me as part of the process.
However, please remember there is a fee for this service and 0.5% will be taken off the value being claimed.
In this case, I was looking to claim 87.97 USDC. So, a 0.5% fee on that would mean 0.44 USDC going to Revert_ and the remaining 87.53 USDC going to me.
Is this worth it? I will let you decide that.
Conclusion
Yet again, we have an amazing example of what happens when you build a financial system on open technology networks.
We get innovation on top of innovation.
The official Uniswap interface looks perfectly adequate … until you use a tool like Revert_, which completely blows it away.
The main reason innovation has been so slow in finance for so long is the lack of competition.
When there is no threat to a company's survival, it can become complacent while still earning a fortune. It loses the fire and ambition that was there at the start when it was constantly innovating to create something new.
That is why I loved and got involved with the early internet, and it is why I jumped all over crypto and DeFi when I saw a similar phenomenon emerging.
I very much look forward to the next big thing that comes along and is built on top of crypto and DeFi.
Stay tuned, because I will continue to keep you updated on the latest trends and protocols that catch my attention.
But that is all I have got for you today. Let me know what you think about this nifty auto APR calculator by tweeting @WeissCrypto.
Until then,
Chris Coney
