A tour of Terra 2.0

 Let's venture, for my very first time, into Terra 2.0-land.

Here's a list of dApps available and forthcoming.

IM SKEERT MOMI! 😳😳😱

Okay, let's see how much 1 $LUNA is.

Why?

We'll get to that. But first, introducing: 

@PhoenixFinan and good ol' @terraswap_io

You see that there's a not insignificant difference between the DEXen, but $LUNA is ~ 6.4 $axlUSDT.

Why is this important?

Look at the swap fees on @staderlabs. 0.24 $LUNA (~ 2.6 $axlUSDT) And it's consistently that.

Stader fees were high.

Now they're highER.

Liquidity Pools

I'm looking at LPs on Terra 2.0. So far only the ...

• LUNA-LunaX LP appeals to me.

Maybe the axlUSDC-axlUSDT, as well.

... as the connection between $LUNA and stables are now severed.

@staderlabs provides the LUNA LP

@PhoenixFinan provides both. 

Arbitration

LUNA -> LunaX

Let's look at the LUNA -> LunaX -> LUNA arb.

First of all, the multiplier is only 1.000176: it's WAY early in the game.

Second of all, the arbs are ... meh.

Let me explain. Here are the to $LunaX side of the arb: 

• Stader: 99.982357
• Phoenix: 99.316103
• Terra Swap: 99.094594

Okay the 'best' (?) swap is @staderlabs 99.982357.

Now we swap back.

• stader: 100
• phoenix: 99.674161
• terra swap: 98.933043 (ick)

So, you make your money back, exactly, on stader?

No: the swap fees cost you 0.5 $LUNA

The LUNA-LunaX-LUNA arbs, currently, suck.

LUNA -> axlUSDT -> LUNA

Let's instead look at the LUNA-axlUSDT-LUNA arb, as suggested by @1xboolean.

... but not on terra swap, because I'm not slipping away my 100 $LUNA like an idiot.

terra swap: nupe

phoenix: 642.923724 $axlUSDT, fee: 0.045495 $LUNA

But then the swap back there's slippage or loss.