Let's purchase some $AVAX on a buy limit order on the advanced page of @coinbase then transfer that $AVAX to my Avalanche wallet.
With the transferred $AVAX, I swap to $sAVAX on @KyberNetwork, then supply that $sAVAX onto @BenqiFinance marketplace. I turn right around and borrow half of that supply as $AVAX.
This is my working liquidity for today.
The first thing I do is to buy $100/ea of $GMX and $GLP on @GMX_IO. Why?
Rule #1: As a yield-farmer, I BUIDL positions that generate passive income.
My goal is to be generating $1000/day in passive income.
1. Buying and staking $GMX is easy:
Buying $GLP is a bit more involved, for they charge different fees based upon the token you supply. Today $GLP is $BTC.b THIRSTY! so I supply it that for the lowest fee charged.
No need to stake $GLP. It generates yields just for HODL'n it.
With the remaining $AVAX, I first swap to $USDC on @KyberNetwork, then swap that to $axlUSDC on @CurveFinance. Why?
So I can bridge that liquidity to @TeamKujira blockchain.
State of my #cryptocurrency portfolio, 2022-11-03.
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