POOF! I'm on the Fantom Opera network.
As you see, I have 1,270 $FTM to disburse.
AND I'm looking at @TarotFinance FTM/sFTMx leveraged position.
Let's try this out with a smol seed investment and see where it takes us.
Spooky!
But I need seed LP first, so oft to @SpookySwap we go!
Okay, @SpookySwap is cute.
I swapped some $FTM to $sFTMx, then supplied liquidity. I'm going to farm on @SpookySwap, so I provided liquidity only.
Tarot
Now i can galumph oft to @TarotFinance.
So, I deposit the FTM/sFTMX LP into @TarotFinance, then I leverage that 15x.
That's wild! 15x leverage!
My thought here is that FTM and sFTMX are tied by a divisor, so I can go high-leverage here as those two assets (shouldn't) vary with respect to to each other.
We shall see.
Geist
The remaining $FTM I'll put into the @GeistFinance money market as stables.
How do we do that?
- First, we compute how much the $FTM equates to in stables.
- THEN, we go to my SPREADSHEETSZORXEN! ... which tells us how much of each stable to convert to.
I swap the $FTM for stables on @UniDexFinance, following the plan from the spreadsheetszorxen.
I supply these stables to @GeistFinance,
... then borrow a high LTV level of $MIM,
which I will swap to the { $DIA, $fUSDT, $USDC } stables and resupply, thus looping the liquidity.
After looping completes, my @GeistFinance money market positions are as follows.
- SHOULD $MIM depeg, I make ~ $1.6k
- SHOULD $MIM remain stable, I make leveraged $GEIST yields at 16% on the borrowed liquidity.
Either way, I win.
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