Thursday, November 3, 2022

One Day in the Life of an Avalanchean

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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