Let's look at my assets in 'all the other' blockchains, consolidating what I don't need, and taking those losses as we go.
Now this is a party. ðĨģð
The DFK Chain's CrystalVale
Do you want to see what used to be $1000 looks like?
It looks like this.
I'm liquidating these LPs and moving all $74 to somewhere where I can make all $1000 back, and then some, haha. ðĪŠ
BUT RUNESZORXEN!?!??!??!??!?!??!?!??
OOH! RUNESZORXEN MOARSZORXEN! ... AND AN EGGIE!
... but wait for it ...
Please welcome Empyrean Marshgem, Seer, Monk, forager by profession, to level 3.
Okay, I've liquidated my DFK Chain LPs. How do I get this liquidity onto Avalanche, and not pay a heavy bridge penalty?
I don't know the best way. Do you?
My approach is as follows:
1. convert everything to $JEWEL
2. bridge to Harmony using @MultichainOrg with almost no fee
3. bridge to Avalanche, same.
Let's do that.
I swap EVERything, including questing items, to $JEWEL ... EVERything!
... did I mention EVERything? Because I just swapped EVERything to $JEWEL. That took longer than even criminally allowed.
Eheh. I'm not even joking. ð
ðĪĢð
But ... BLUE RUNESZORXEN!?!??!?!?!??!?!?!?!??!
Case in point.
Now that the $JEWEL is on Harmony, I immediately bridge it to Avalan-...
Wait a second.
I'm on Harmony.
Let's collect yields, first.
After much hemming and hawing from Harmony network, which decided to be recalcitrant,
On Avalanche, I SWAP the $JEWEL to $AVAX on @pangolindex.
Now I have $AVAX, so I want to fund @BenqiFinance with it. But before I do that, let's collect the yields on @BenqiFinance, first, and distribute those.
But even before that, I record the yields collected from @FuzzFinance and converted to $AVAX as pay-down for my self-loan there. Its status as of 2022-09-28 is as follows.
Lookin' good! ð
The QI-AVAX LP $QI-yields I use as supply
Now. How do I supply @BenqiFinance with my $AVAX?
Pre-supply stable coin borrow worksheet (PSSCBW) to the rescue!
So, following the PSSCBW,
- I SWAP $AVAX for $USDC.e on @traderjoe_xyz
- I SWAP that $USDC.e to $DAI.e on good ol' @CurveFinance
- I SUPPLY that $DAI.e to @BenqiFinance
- ... which I immediately borrow as $DAI.e on @BenqiFinance: loaning myself funds, ... from myself. ð
This self-loan increases my stable loan, which on 2022-09-28 is as follows:
And, the previous transactions of yield-farming, both on @FuzzFinance and @BenqiFinance, and CrystalVale-conversion, as well as funding the stable-positions, have affected the $AVAX self-loan thusly on 2022-09-28:
How am I going to use that self-loan?
There some interesting leveraged LP yield-farming on @Francium_Defi on Solana, but not tonight: I'm too tired to go into something new.
- 50% will go to $sAVAX SUPPLY on @BenqiFinance
- 50% will go to QI-AVAX LP STAKE on @BenqiFinance
So, the first thing I do is to swap the $DAI.e to $USDC.e on @CurveFinance.
Why? Swapping to anything from $DAI.e is terribly slippy on Avalanche. Case in point: look at the swap from $DAI.e on @traderjoe_xyz and @pangolindex ...
Next, I SWAP 100 $USDC.e to $USDC.
As short-reserve for @GMX_IO, which only takes $USDC, not $USDC.e
... because rules are rules. ð
With the remaining $USDC.e,
- I SWAP it to $AVAX on @traderjoe_xyz (best swap)
- I SWAP 50%ish of it to $sAVAX on @traderjoe_xyz (again, best swap)
- then I SUPPLY that $sAVAX to @BenqiFinance: ~$2k-worth.
To complete the $AVAX,
The @BenqiFinance net asset allocations come to rest here on 2022-09-28:
Net APY on @BenqiFinance: 1.79%
Computed Real APY on principal: 7.51%
https://github.com/logicalgraphs/crypto-n-rust/blob/main/src/ch05/apy_goal.rs
To make $1000/day in yields:
$4,861,080 in principal or 277,142.5 $sAVAX
$20,391,062 in leverage or 1,162,546.3 $sAVAX
I am at 0.38% principal goal and 0.39% leverage goal
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