I go to collect the $AVAX-yields on @AaveAave, but I notice something.
Borrow rate is now above 10%, killing any gain from a looping strategy.
I go the CIAN and am confirmed.
It's time to close out my @AaveAave positions.
Let's do that.
Meanwhile, let's purchase some $AVAX on @coinbase, then transfer it to my Avalanche wallet.
Why do I do this?
So that, with the $AVAX I just withdrew from my @AaveAave position, I can start to pay-down the looped loan with a wee bit o' room to maneuver as I withdraw $sAVAX collateral, swap it to $AVAX to unloop the $AVAX loan.
With this bit o' breathing room, I can pull some $sAVAX collateral from the @AaveAave marketplace, swap it to $AVAX on @KyberNetwork, then pay-down the borrow with it.
Now we unloop until there's no more borrow. 10x or more, I'm thinking.
... okay, and the last 105 $sAVAX pulled from supply to cover (completely) the @AaveAave.
As predicted, it took 10 iterations to unwind this looped loan. Easy-peasies!
Analysis
Let's grade this @AaveAave $AVAX Loop.
According to my SPREADSHEETSZORXEN!! I ran this loop for 30 days with a seed of 1031 $AVAX.
Do I count this as a success?
Yes. Yes, I do. 😎💎🙌
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