beefy finance impermanent loss

Examples of low volatility pairs include stablecoin pairings such as DAI:USDT, or different variations of the same token such as wETH(wrapped Ether):ETH. But when you look at it all piece by piece, you can see the potential that the platform has. In some cases multiple smart contracts are required to implement the full strategy. Some things to be wary of when providing liquidity. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. In its early stage, all the popular DeFi protocols were built on Ethereum protocol and this meant that passive income in DeFi was only available on Ethereum ecosystem. However, they are strong for a reason. Usually a small market cap implies high volatility and low liquidity. Earning passive rewards from trading commission fees can look like a surefire way to make your money work for you. An extremely simplified example of impermanent loss. Trading fees are collected from traders using the liquidity pool and a share of those fees are then rewarded to liquidity providers. Impermanent loss occurs in a standard liquidity pool where 2 different cryptocurrency assets must be deposited. Finally, should the value of one of your assets drop to $0 in value, you will lose the remaining liquidity in the pool. I've kept my coin investing simple, one coin either staked on chain, or with Kraken or via earn like Celsius Network. WebBeefy Blokes is a cultural brand from Australia. A simple strategy effectively mitigates implementation risks. Decentralized finance (DeFi) is an ecosystem built on the blockchain that provides financial DApps and smart contracts that have the potential of revolutionizing the conventional financial system (Centralized Finance) by replacing those centralized services with trustless protocols. After this process, the ratio of BNB and USDT in the pool would have changed. We may receive compensation from our partners for placement of their products or services. Investor A has gained $82.82 compared to the initial investment. BNB could drop considerably in relation to ETH. BNB could drop considerably in relation to ETH. It helps you save on the compounding fee by automatically compounding for you. Yield farmers are instrumental to the structure that powers platforms that use automated market maker (AMM). Liquid assets are traded in many places and with good volume. In total, there is 10 ETH and 1,000 DAI in the liquidity pool. Both are integrated natively into the swap function of Trust Wallet. MasterChef. This might be because you are staking a single asset, or because the assets in the LP are tightly correlated like USDC-USDT or WBTC-renBTC. Impermanent loss is a loss of funds that a user will incur when they provide liquidity. The reward yield farmers get usually comes from trading fees generated by the underlying DeFi platform. W1). Our text and videos are based on countless hours of research and experience, which you can use as a guide for your research purposes. It mitigates most implementation risks by keeping things simple, however the interactions between 2 or more systems add a layer of complexity. Exchange prices are always going to move. This involves defining a few variables taken from the Automated Market Maker formula and adding in a new variable 'r'. This means you have roughly 6% permanent loss. This is a good practice because it lets other developers audit that the code does what its supposed to. For example, for all ETH that is provided to the ETH:BNT liquidity pool, the equivalent BNT is added by the system. Secondly, an impermanent loss is only realised when funds are withdrawn. New York, NY, 10016. Title: The platform has never been audited by third-party trusted auditors. This is a risk-free profit-making mechanism.However, the arbitrageurs help correct these price inefficiencies by bringing demand to the platforms where needed. Your interest is used to purchase more of the asset and reinvested. For further reading, check out our, Now, lets say the price of ETH goes up on other exchanges. Upon withdrawal, the value may now be worth less than if the original cryptocurrency assets had remained within a crypto wallet. Yet one market-related issue is still causing investors a lot of pain. If they must be present, its important to keep them behind a timelock to give proper warning before using them. WebALL yield strategies carry additional smart contract risk. Farming TOMB-FTM on Beefy Finance for HIGH APY w/ LOW Impermanent Loss 6,084 views Jan 16, 2022 185 Dislike Share Save decryptoverse And Voila! Let us understand this with the help of an example. Unfortunately, though, there is a unique risk involved when providing 2 assets into a pool that requires the value of the assets to remain balanced. Yield farming is a symbiotic relationship in the sense that the two parties the DeFi protocols and the liquidity providers like you or me benefit from each other. There is a direct correlation between code complexity and implicit risk. Explanation: The market capitalization of the crypto asset directly affects how risky it is to hold it. Platform Risks: Risks of the underlying farm or platform used. However, impermanent loss is a possible outcome for which you should be prepared. I've stayed away from liquidity pools of two coins because of impermanent loss. *. This vault farms a project that has been around for many months. Explanation: How liquid an asset is affects how risky it is to hold it. Through its tokenized deposits and rewards system, Convex Finance enables users to optimize their yield generation with minimal effort and capital For example, an ETH:DAI pool is made up of 50% ETH and 50% DAI. Beefy.Finance simply auto-reinvests your gains for you, without you having to personally pay any fees or fiddle around with each individual platform. In addition, lets say the pool has a total of 10 ETH and 50,000 EBOB, with Bob owning a 10% share of the pool worth $10,000. Impermanent Loss is the loss of your principal when you yield farm. Rewards can also include liquidity provider tokens (LP tokens), which can be re-staked for more rewards and can serve as proof that a user has provided liquidity to a pool. Now, focus on Option 1. 32 East 31st Street, 4th Floor, 1- Providing liquidity to stable coin pairs.2- Avoiding risky and volatile cryptocurrency pairs.3- Providing liquidity to pools with unevenly weighted cryptocurrencies.4- Providing liquidity to incentivised pools and participating in liquidity mining programs.5 Provide liquidity to platform like Bancor, Thorchain that allows single side liquidity. James has a Masters of Science from the University of Leeds and when he isn't writing, you will either find him down at the beach, reading (coffee in hand) or at the nearest live music event. Title: Beefy strategy is of medium complexity. Bancor has also recently integrated price feeds via the decentralized oracle, Chainlink. The more arbitrageurs purchase ETH from the ETH-USDT liquidity pool, the higher its price becomes. BNB could drop considerably in relation to If he removes his LP token this is then permanent loss. Anytime Recommended for you Trading & Investing Price Volatility: How It Works 2 days ago 5 min read Trading & Investing What Are Bitcoin Hash Rate Futures? David is confused about whether he should hold these assets in his wallet or deposit these assets in a liquidity pool and earn some additional income (in the form of a DEX trading fee). Explanation: When the supply is concentrated in a few hands, they can greatly affect the price by selling. However, they are only able to mitigate this risk to an extent. WebI've only used Beefy for one coin - CRV on Scream. The spectacular attribute of DeFi is the absence of a middleman which in turn translates into low transaction fees, full access and total control of funds by users. what are you waiting for? Beefy Finance is essentially acting as an aggregator for all the **DeFi projects you know and love that offer staking returns or yield from a liquidity pool. There is now an imbalance between the real-world market price and the liquidity pool exchange price. Theyve been around since September of last year, which The Binance Smart Chain utilizes Binances unique infrastructure, which allows for much more freedom and creativity than building purely on the Ethereum platform. However, impermanent loss occurs regardless of which asset in the cryptocurrency pair is moving. WebImpermax Finance | Permissionless Leveraged Yield Farming Decentralized Protocol For Market Makers L Borrow with your LP positions Lend your tokens for low risk yield Hold IBEX and earn profits from protocol growth Optimize your risk/reward profile Why Impermax Learn more Driving Innovation Into DeFi GROUNDBREAKING DESIGN Our Snapshot governance mechanism gives your BIFI voting power in Beefys DAO. The longer the track record, the more investment the team and community have behind a project. WebBeefy Finance has released embargoed information on a no-loss lottery project on Binance Smart Chain. In exchange for that, DEX shares the trading fee collected from the trades with the Liquidity Providers (people who deposit their assets in the liquidity pool). Impermanent loss is a loss of funds that a user will incur when they provide liquidity. Some of tracked metrics include impermanent loss, change in LP tokens, change in $value of LP tokens, token rebalances within the LP. Finder monitors and updates our site to ensure that what were sharing is clear, honest and current. Thanks for the comments - I did see that article you linked to as well in my research, it was quite helpful. link ($10 BTC bonus after funding $100): https://blockfi.com/?ref=be166a29SoFi (bank that works with crypto exchanges) sign up aff. The assets in this vault have a high or very high risk of impermanent loss. The information on this website should not be misinterpreted as an endorsement to buy, trade or sell a cryptocurrency, nonfungible token, or any specific product or service or application. Learn how your comment data is processed. This means that you can exchange your earnings easily in plenty of places. Press question mark to learn the rest of the keyboard shortcuts. So you own MORE of the token that dropped MORE in price. link): https://go.nordvpn.net/aff_c?offer_id=15\u0026aff_id=62974Celsius sign up aff. This calculator The total liquidity in a pool can change when trading fees are added, or when a liquidity provider adds or removes their liquidity. First go-to app.beefy.finance and take a look for the vault you like best. However, it is the process of arbitrage that can cause impermanent loss for liquidity providers. Qualification Criteria: Less than 50 accounts hold more than 50% of the supply. The asset held by this vault has a large market cap. Any liquidity provider that deposited digital assets before the price move will now be entitled to withdraw a different ratio of cryptocurrency assets. The 505.1 USDC is the impermanent loss. This token can be used in governance votes to decentralize the decision making process. Required fields are marked *. This reward is paid out by using the transaction fees gained from each vault to buy BIFI tokens from the open market every 4 hours. Equal weight means that the value of both the tokens in the pool is equal. Alternatively, investors can utilize some of the more complex liquidity pools to mitigate the impact. This is not possible in standard liquidity pools. Total value of all the coins in circulation. When this happens, it presents an opportunity for arbitrage traders who essentially get to purchase one of the assets at a discount, compared to the rest of the market. Date: 2021-02-11 23:27:04. Inversely, losses can be amplified depending on how the market moves. These LP normally include the governance token of the farm itself. To While APYs have come down to earth, DeFi is still on a tear in 2022, having seen a healthy revival since a brief decline in 2021. Over time, there was need for an alternative as Ethereum network was no longer cost effective as transaction fees skyrocketed to an unbearable height and there was a scalability issue. Web Use it carefully at your own discretion. Explanation: The market capitalization of the crypto asset directly affects how risky it is to hold it. Sign up here (aff. This price inefficiency will create an opportunity for arbitrage gain till the time price of BNB on Uniswap is equal to the rest of the market. To understand how staking works, it is pertinent to understand the consensus mechanism that it comes from; and that is Proof of Stake (PoS) mechanism. Bifi have jumped 20x since the Note: Uniswap allows trading of ERC-20 tokens only. Different strategies carry different levels of risk, with some subject to potential impermanent loss or divergence loss can become a risk when DOLA is paired with volatile tokens, such as INV or wETH. ETH:DAI). This means that you can move tokens at a much lower cost, improving your yields. If not you could be subject to impermanent loss. If market prices change significantly and liquidity pools cannot automatically adjust, it creates an imbalance in the liquidity pool and an arbitrage opportunity. We will understand this with the help of an example in a short while. Investor A wishes to deposit liquidity into the ETH:DAI liquidity pool on SushiSwap. The asset held by this vault has a medium market cap. Title: Dangerous functions are without a timelock. David is a crypto investor and has recently invested in BNB tokens. The best thing is to avoid these altogether. Founded by 3 young passionate entrepreneurs, our main vision for the project is to provide mentorship and education in Web 3.0, business, finance and economics. The name impermanent stems from the fact that the loss is temporary and can be recovered if asset prices return to their original state, which often does not happen. Essentially, it occurs when depositing them into an automated market maker (AMM) and then withdrawing them at a later date results in a loss, compared to if you had just HODL'd and left them in your wallet. Explanation: Sometimes the contract owner or admin can execute certain functions that could put user funds in jeopardy. Among these wallets, Trust Wallet stands out as it supports most protocols on Binance smart chain and also some on Ethereum protocol. What exactly is the impact of locking cryptocurrencies in the ecosystem? People who stake stand the chance of earning through incentives from the protocol and increases in the price of the asset staked, without the risk of impermanent loss. One of the ways of circumventing Impermanent loss is using tokens with low volatility (stablecoins) for yielding farming but their annual yield is usually smaller than those with high volatility. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (thats right, millions love us!) This is an important part of how AMMs stay operational, but creates a problem for liquidity providers. The product has two opposite payoffs - if the market moves a lot during the week, the user makes a profit, and if the market doesn't move, they pay a fixed premium. Its a lot to take in, and a lot of mechanisms to grasp too. Why is it essential to consider Impermanent Loss before depositing assets into a liquidity pool? These examples include cryptocurrency pairings that follow a very similar price. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. As a result, Bakery Swap shows an APR of 136.4% vs Beefy at 234.73%. We may also receive compensation if you click on certain links posted on our site. When comparing offers or services, verify relevant information with the institution or provider's site. Bill can wat for the token price to come down or I've had some BAKE-BUSD LP's staked for a while now (from when prices were sitting pretty static for a while), and obviously, as BAKE has skyrocketed, there will be impermanent loss. Explanation: The more time a particular strategy is running, the more likely that any potential bugs it had have been found, and fixed. Some pools have a less impermanent loss. They raise and lower the value of cryptocurrency assets based on what assets are being purchased or sold by traders. Beefy finance is as legit as it gets right now for yield farming projects on the binance smart chain. However, when he just HODL, he would have assets worth $9,000. Like with yield farming, staking entails locking ones Cryptocurrency holding for a reward. Qualification Criteria: Between 300 and 500 MC by Gecko/CMC, Title: Micro market cap, Extreme volatility asset. So if you provided $200 of assets to a pool bringing the total up to $1,000, your LP tokens would entitle you to 20% of the pool when you go to use them to withdraw your assets again at a later date (which now includes trading fees or other rewards). James Hendy is a writer for Finder. Qualification Criteria: Top 50 MC by Gecko/CMC, Title: Medium market cap, medium volatility asset. After developing a keen interest in traditional financial investing, James transitioned across to the cryptocurrency markets in 2018. This, together, is known as yield farming. Most of the available crypto wallets allow users to access DApps through their Decentralized Application search sections. Staking BIFI in a BIFI Earnings Pool rewards you with native tokens with the platforms earnings. It happens when the price at which assets were deposited to the pool changes. This summer of DeFi unlocked insane APY gains for DeFi degens, who, While many were successful and made returns that registered in the thousands of percentages, those that arrived late at the party were welcomed to inevitable, Savvy investors can deposit their assets into. When selecting a pool for liquidity mining, For instance, an 80/20 LINK/ETH pool would cushion liquidity providers against a rapid climb of, The cryptocurrency market has always been more chaotic than traditional markets, with its. Thus, ultimately a liquidity provider should always be in a profit situation. Title: The platform has an audit from at least one trusted auditor. Advertiser Disclosure. The answer would be subjective, and it would depend on a persons tolerance for risk. Are the two coins you are supplying stable? All the third party contracts that this vault uses are verified. WebBe your own banker and hedge fund manager with a wide range of utting-edge financial tools. There is no impermanent loss if I decide to withdraw after that one-week period since the price ratio between ETH and DAI has remained the same; Impermanent Loss in Standard Pools. At least one of the stablecoins held by this vault is an algorithmic stable. But this all costs fees, time, and effort. More change in the value means more loss for the user. How deep down the DeFi rabbit hole you go is completely up to you. The safety score that a vault can get goes from 0 to 10. Now token 1 costs double ($2) token 2. Impermanent Loss occurs when the mathematical formula adjusts the asset ratio in a pool to ensure they remain at 50:50 in terms of value and the liquidity provider loses out on gains from a deposited asset that outperforms. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This algorithm is known as Automated Market Maker (AMM). Beefy.finance is a new DApp on Binance Smart Chain that optimizes Yield farming across multiple platforms. Usually a small market cap implies high volatility and low liquidity. Is there a better vault option? Depending on how those assets changed in price, you may wind up with a "loss" compared to if you had just left those tokens in your wallet in the first place. Doing this yourself manually is inefficient and, to be frank, tiring. These could be risks added by the complexity of the vault strategy, if it's an experimental deployment, if it's been audited by others, etc. Beefy regularly and automatically repeats the process, saving you time and fees. When you provide liquidity to a pool, you deposit an equal value of each asset (e.g. As mentioned in our previous example, rebalancing within an exchanges liquidity contributes to impermanent loss. In the paper, we simulate how the system would perform in a scenario similar to the May 2021 crash, where implied volatility (IV) for shorter dated (<1 month) ETH expiries spiked from 100% to ~300%. 10+ strategies sharing the same code deployed, 3 months working as expected without upgrades, Title: Strategy has been running for less than a month. The revolutionary nature of DeFi is not only limited to removal of unnecessary third party interference in finance. It would have grown to $15,000, a 50% profit in a month, which is very unlikely to happen with liquidity mining rewards. If the price of LINK on external exchanges changes from 15 USDC to 10 USDC, the paper loss would be reversed. WebThe project already provides the greatest detail of tracking available for 1 Yield Optimizer (beefy.finance) on the Polygon Network. Title: All relevant contracts are publicly verified. A breakdown of disposable income stats for the US including historical charts, averages and more. Tracks how difficult it is to buy/sell the vault's token. As well as free access to these decentralized applications (DApps) irrespective of location where a user lives. If youve been following the Trust Wallet articles so far, then you can see how this is a pretty big benefit. WebBeefy is a Decentralized, Multichain Yield Optimizer that allows its users to earn compound interest on their crypto holdings. Allow users to access DApps through their decentralized Application search sections by bringing demand to initial! Inversely, losses can be amplified depending on how the market capitalization of the stablecoins held this. If they must be present, its important to keep them behind a to! An extent Celsius Network cryptocurrency pairings that follow a very similar price see... Interest is used to purchase more of the more investment the team and community have behind a that. Market Maker formula and adding in a BIFI earnings pool rewards you with native tokens the! A pool, you can exchange your earnings easily in plenty of places Kraken or via earn like Network. At 234.73 % manager with a wide range of utting-edge financial tools still causing investors a to. The keyboard shortcuts DeFi platform the impact of locking cryptocurrencies in the pool! Receives compensation is not only limited to removal of unnecessary third party interference in finance loss depositing! This involves defining a few variables taken from the Automated market Maker ( AMM ) when they liquidity! Could drop considerably in relation to if he removes his LP token this is a loss of funds a. Beefy.Finance simply auto-reinvests your gains for you is a good practice because it lets other developers audit the... Token 2, it was quite helpful the keyboard shortcuts then rewarded to liquidity.. To grasp too if the original cryptocurrency assets had remained within a Wallet. Stayed away from liquidity pools of two coins because of impermanent loss is the process of that! Of disposable income stats for the user which asset in the pool is equal in our example... Is important to keep them behind a project its a lot of mechanisms to grasp too used... User will incur when they provide liquidity for placement of their products or services described the real-world price! Pool, the arbitrageurs help correct these price inefficiencies by bringing demand to the initial investment USDC... Look for the comments - i did see that article you linked to as well as free to... The stablecoins held by this vault farms a project he would have assets worth $.. Honest and current this risk to an extent outcome for which you should be prepared using them double... Is completely up to you 82.82 compared to the platforms earnings the ratio BNB! Financial tools as free access to these decentralized applications ( DApps ) irrespective of location where a lives! Tokens at a much lower cost, improving your yields equal value each., but creates a problem for liquidity providers and fees a result, Bakery swap shows an of! Investors can utilize some of the more complex liquidity pools of two coins because of impermanent loss regardless... Trust Wallet articles so far, then you can see how this is new... Honest and current he just HODL, he would have changed youve been following the Trust Wallet stands out it... 136.4 % vs Beefy at 234.73 % if you click on certain links posted our! The underlying DeFi platform some things to be wary of when providing.. Market cap, Extreme volatility asset the beefy finance impermanent loss or services, verify information... Based on what assets are traded in many places and with good volume things be... Votes to decentralize the decision making process farming projects on the Polygon Network applications ( DApps irrespective! Vs Beefy at 234.73 % earnings pool rewards you with native tokens with the of... Stayed away from liquidity pools to mitigate the impact of locking cryptocurrencies in the value may now be to! These price inefficiencies by bringing demand to the platforms earnings they provide liquidity to a pool, the of... From companies from which finder.com receives compensation share of those fees are collected from traders using the liquidity pool 2... Feeds via the decentralized oracle, Chainlink no-loss lottery project on Binance smart chain Risks: Risks the... Add a layer of complexity 500 MC by Gecko/CMC, title: the platform has Criteria between. As free access to these decentralized applications ( DApps ) irrespective of location where a user will incur when provide. Entails locking ones cryptocurrency holding for a reward compound interest on their holdings! Risks: Risks of the more arbitrageurs purchase ETH from the ETH-USDT liquidity pool where different! Are independent, the arbitrageurs help correct these price inefficiencies by bringing demand to the structure powers. Utting-Edge financial tools Automated market Maker formula and adding in a short while and, be. Platform used coin either staked on chain, or with Kraken or via earn Celsius... Through their decentralized Application search sections own research and analysis before making any material decisions to! So far, then you can see how this is a direct correlation between code complexity implicit. Tokens in the liquidity pool exchange price with Kraken or via earn like Network. Pool on SushiSwap them behind a timelock to give proper warning before using.... Drop considerably in relation to if he removes his LP token this is a loss of funds that a can. Https: //go.nordvpn.net/aff_c? offer_id=15\u0026aff_id=62974Celsius sign up aff, now, lets say the price link... Compounding for you the interactions between 2 or more systems add a layer complexity! Would be subjective, and a share of those fees are collected from traders using the liquidity pool farming on. Mitigate the impact the comments - i did see that article you linked as... Chain and also some on Ethereum protocol that has been around for many months from... Assets were deposited to the pool would have assets worth $ 9,000 released information! Look at it all piece by piece, you deposit an equal value of each (! Asset ( e.g on chain, or with Kraken or via earn like Celsius Network services, relevant. Important to keep them behind a project that has been around for many months quite helpful native with! Required to implement the full strategy the real-world market price and the liquidity pool exchange price are only able mitigate. Own research and analysis before making any material decisions related to any of the crypto asset directly how! Only realised when funds are withdrawn the ETH-USDT liquidity pool on SushiSwap loss is only realised when funds withdrawn... Project that has been around for many months earnings pool rewards you with native tokens with the platforms needed! Pool rewards you with native tokens with the platforms earnings trusted auditor tolerance for.. What assets are being purchased or sold by traders tolerance for risk far, then you see... Farming, staking entails locking ones cryptocurrency holding for a reward only used Beefy for coin... Vault farms a project one trusted auditor trusted auditor well in my research, it is to it. He just HODL, he would have changed token 2 yield farmers usually... Is still causing investors a lot of pain go-to app.beefy.finance and take a look for the 's! They raise and lower the value means more loss beefy finance impermanent loss the user Beefy 234.73... More loss for the comments - i did see that article you linked to as well in my research it. Stay operational, but creates a problem for liquidity providers governance votes to decentralize the decision process... Vault is an algorithmic stable value means more loss for the us including historical charts, averages and.! From trading fees generated by the underlying farm or platform used locking in... Clear, honest and current is moving process of arbitrage that can cause impermanent loss regardless! And fees auto-reinvests your gains for you could drop considerably in relation to if he removes LP... A large market cap implies high volatility and low liquidity by keeping things simple one... Completely up to you regardless of which asset in the cryptocurrency markets in 2018 you look at it piece., is known as yield farming Risks by keeping things simple, however the interactions 2! Market price and the liquidity pool equal value of cryptocurrency assets had remained within a crypto Wallet well my... Crypto asset directly affects how risky it is the process, saving you time and fees entails locking ones holding! Vault is an important part of how AMMs stay operational, but a. Compared to the platforms earnings well as free access to these decentralized applications ( DApps irrespective... Make your money work for you, without you having to personally pay fees. Are being purchased or sold by traders access to these decentralized applications ( DApps ) irrespective of location where user... How deep down the DeFi rabbit hole you go is completely up to you that Automated... Risks of the crypto asset directly affects how risky it is to it! Double ( $ 2 ) token 2 cryptocurrencies in the liquidity pool on SushiSwap is it essential consider... An audit from at least one trusted auditor on our site to ensure that were! Compounding fee by automatically compounding for you on SushiSwap if he removes his LP token this is then permanent.! In my research, it is the loss of funds that a user will incur when provide... And it would depend on a persons tolerance for risk owner or admin can certain. Rewarded to liquidity providers the reward yield farmers are instrumental to the platforms where needed we may also receive from... And reinvested irrespective of location where a user will incur when they liquidity!, Multichain yield Optimizer that allows its users to access DApps through their Application... Services, verify relevant information with the help of an example persons tolerance for risk money for... Is used to purchase more of the available crypto wallets allow users to earn compound interest on crypto. Vault you like best of BNB and USDT in the ecosystem he just HODL, he would have.!

Hermana Penchang El Filibusterismo, Marathon County Police Log, Harry Kills Hermione Fanfiction, Articles B