Paying my rent with HUAHUA.

I've been doing a bit of a thought experiment lately, and figured I'd spell it out in a post and see what people think. As some followers may be aware, I am currently full time crypto, and supporting my family from savings and crypto income. So, I've been thinking the last few days, how much risk I should be prepared to take chasing income.

Enter HUAHUA.

HUAHUA is a meme coin launched into the Cosmos ecosystem via airdrops a couple of month ago. It currently has a market cap of around $150 million according to the Bro_n_bro dashboard. A high staking return currently at 300% APR, and $12 million of available liquidity on Osmosis, where HUAHUA pools also earn a high APR and dual rewards in both OSMO and HUAHUA.

The price has been relatively stable lately, hovering around $0.003 each. This has me thinking, how much HUAHUA would I need to pay my rent from staking returns?

So, lets work it out.

• Currently, I pay $490 AUD per week in rent.
• Converted, this is approximately $355 USD per week.
• That work out at $18,460 USD annually.
• Earning 300% APR, I'd need $6150 worth of HUAHUA (assuming no change in APR or price)
• At current prices, that is 1.86 million HUAHUA.

To have a buffer Zone for safety and to allow for reducing APR over time (which is inevitable), I really would consider 2.5 - 3 million a more realistic number. That is nearly $10,000 USD.

So the question then becomes, can I justify risking 10% of my crypto assets on a Meme coin?

What does everyone else think? Could a position like this be considered a smart move? Or foolish and irresponsible? I am in a position, with some OSMO LP positions unlocking, to actually seriously consider making this move. The question is, should I?

Thanks for reading, let me know what you think.

Cheers,

JK.

Check out these posts while you are here:

• Osmosis superfluid staking

• Are you Hansum enough for this airdrop?

• Woof Woof - The Cosmos has a Meme Coin Called HUAHUA