Tuesday, May 10, 2022

The May, 2022 Crash: some measures

Okay. Let's take a breath here and measure what happen.

Just before the crash, my portfolio was worth:

Assets,loans,total

$72,511.44 -$11,505.76 = $61,005.68

Interestingly, I have $22,000 invested

So my portfolio has 277.30% growth since inception.

Charts: 




Let's break down the damage protocol-by-protocol.

First up:

@anchor_protocol.

Hide your children's eyes. This may hurt.


@anchor_protocol, pre-crash was not even accurate, as I moved a total of 312 $LUNA in as collateral AND 1.74 $ETH. This sheet was pre-PRE-crash. Ugh.

This is @anchor_protocol post-crash.


What do we see? I went from 312 $LUNA and 1.74 $ETH to 25 $LUNA and 0.5 $ETH. Ow.

But my net-loss pre-crash to now is... ~ $1K ???

Why am I crying? A $1K net loss is nothing for a crypto-duderino. Not the full story, but not so bad, either.

What else?

I can pay off my $1K loan: this month.

No more liquidations on @anchor_protocol. 

That, right there, is worth it to me to make the Anchor BORROW just go away, and the liquidation(s) made that possible, reducing my borrow from ~$12K

Thank you, liquidations.

Okay, let's turn to the next set of liquidated positions: @mars_protocol. This was what my @mars_protocol looked like, pre-crash.


~$500 invested with a ~$1212 net asset value (assets - liabilities)

My post-crash @mars_protocol portfolio looks like this:


$276.21 investment (remaining), $122.85 NAV.

So, ~$1K loss, but there's more to this story: some good news as to how @mars_protocol liquidates positions. Let's dive into what happened with me. #SilverLinings 

Two liquidations: 

1. 8.37 $LUNA- 119.91 $UST, 646.59 $UST loan field

I was returned 10.26 $LUNA. That's a gain, not a loss.

2. 537.38 $ANC- 131.85 $UST, 980.09 $UST loan field

I was returned 357.09 $ANC, again: gain.

@mars_protocol returns your tokens PLUS in a liquidation.

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