Friday, September 30, 2022

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.

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