Friday, September 30, 2022

Terra (classic) Bridge reopened

It appears that the Terra (classic) bridges are back in service.



Let's try something on @mirror_protocol:

  • I collect the $MIR-yields


  • I swap to $USTC on @astroport_fi, which has a better swap than @loop_finance 



I have liquidity now, so I go to @mirror_protocol to swap to fund a farm. Which one? Let's try $mPYPL.



There's a ... 'slight' problem. @mirror_protocol barfs when I attempt to swap $USTC for $mPYPL. 


It looks like the smart contract is blocc'd on execution.

Now, @terraswap_io has SOME mirrored assets, but the viable tokens have more than 95% slippage, so that's a big IXNAY to, e.g.: $mMSFT. 


But the 90%+ drained tokens (e.g.: $mDOT, $mETH, $mBTC) DO have availability.

This means I throw away my money, either way

So, let's try $mDOT.


The first attempted swap failed...


But the second attempt went through.


Persistence, eh?

But, when I attempt to pair and to farm the mirrored asset on @mirror_protocol, I get the same contract error.



Huh.

Per @reglisos, I deposited into a @SpecProtocol vault, then withdrew from the vault, right away, BUT AS AN LP, not as separated assets, THEN I was able to stake on the @mirror_protocol My Page.







SWEET! 

I'm now farming on @mirror_protocol ... with drained mirrored assets. YMMV.

Synthesis

My thought here, folks.

Only drained mirror assets are lying around, and @mirror_protocol is on a compromised blockchain.

Yes, the yields are great!
Yes, I'm yield-farming on @mirror_protocol 

But this is very, very, you-lose-all-your-investment risk.

Caveat emptor.

The. End

Terra (classic) daily report, 2022-09-30

It appears that the Terra (classic) bridges are back in service.



There's a small problem: $USTC is no longer traded on @traderjoe_xyz, so I had to go to @pangolindex to get a price-quote for $USTC. 

It tells me this:






1 $USTC: 0.032365
1.9M $LUNC: 17887.466122 $USTC

...which is 551.2 $USDC off-chain.

Terra (classic) daily report, 2022-09-30

Daily cryptocurrency income report, 2022-09-28

Daily #cryptocurrency income report, 2022-09-28+: $153.91*





Go, @BenqiFinance; go! But let's see how the reshuffle of liquidity into @traderjoe_xyz AVAX-sAVAX LP changes these reports.

+This is income from 2 days ago
*doesn't include s- x- token gains nor auto-restaked yields

Terra 2.0 first look

Terra 2.0 first look:

There are 4 places to arbitrate $LUNA burns:

  • @staderlabs LUNA-LunaX


  • @prism_protocol LUNA-cLUNA (not functioning yet)


  • @LiquidSteaking LUNA-STEAK


  • @eris_protocol LUNA-ampLUNA


There are several DEXen; I know two of them:

  • @astroport_fi 


  • @terraswap_io 

I don't see any viable arbitrage on $LUNA now. They all are net-positive with their multipliers, but, since gas fees are in $LUNA, you have to account for every transaction. I do. When the fees are included, the burn arbitrage gains evaporate.

Answer to $sJOE $USDC yield pop-quiz


Let's think this through ($JOE $USDC yield is now 5.9%)

1. to get $1 PER YEAR we need $1 / 5.9% principal: $16.95
2. BUT THERE's a 1% DEPOSIT FEE!!! so to get principal we DEPOSIT: $17.12
3. Now, per year becomes per dæg, so: $6,248.31 or 29k $JOE

to get $1/dæg yield.

The rest of the answers fall out as multiples of 10, so:


In summary, you need to deposit 6.24 MILLION DOLLARS worth of $sJOE (29 MILLION $sJOE) to earn $1,000/dæg.

Wednesday, September 28, 2022

QUIZ: $sJOE $USDC yields on @traderjoe_xyz

POP QUIZ!

You can stake $JOE, $sJOE, on @traderjoe_xyz ... FOR A 1% FEE!!! It's currently earning 6.62% $USDC yield.


So

  1. How much $sJOE (in $USD) do you need to deposit to earn 1 $USDC per day. INCLUDE the STAKING FEE!
  2. same: 10 $USDC
  3. same: 100 $USDC
  4. same: 1000 $USDC

Shift to AVAX-sAVAX LP on @traderjoe

After thinking over a convo with @ScammoonR, I'm shifting liquidity from QI-AVAX LP, staked on @BenqiFinance, 



to AVAX-sAVAX LP, staked on @traderjoe_xyz.


I'm losing too much $AVAX as $QI continues to deflate in price.

A benefit of the AVAX-sAVAX LP, besides controlled IL on the sAVAX price-rise (I don't lose anything, ... I think), is that it issues BOTH $QI, that SUPPLied on @BenqiFinance earns 10% AND $JOE, that earns 6% IN $USDC!!! when staked on @traderjoe_xyz 

Now, there is also the $veJOE token that boosts SOME LP farms, and up to ~1.5% boost only, 


... but the AVAX-sAVAX LP farm is not one of the farms that can be boosted. Is there a particular farm on @traderjoe_xyz that can be boosted that you love? If so, why?

And ... HA! $AVAX 10x LONG on @GMX_IO close for a gain. YUS! 


Join me for (very high risk) funsies! 

Okay! So! Now!

I exit my QI-AVAX LP farm.

How do I do that?

  • I WITHDRAW my stake from @BenqiFinance 


  • On @pangolindex I remove the QI-AVAX liquidity.



EASY-PEASIES! 

So, I use the PSSCBW to tell me how much to prefund the stables.






As you see, I've included te $QI, which I will supply, as well as the $AVAX, which I'll swap to $sAVAX then supply.

So, I swapped some of both to $USDC.e.



I swap the $USDC.e to $DAI.e on @CurveFinance, then supply the $DAI.e to @BenqiFinance 



asdf