Friday, December 2, 2022

2022-12-02 Trade: 140 OSMO -> ATOM

I'm going to do a little experiment. @TeamKujira has silently minimized the $OSMO-play. None of their LP pairs has $OSMO.


So I'm going to trade away my $OSMO for $ATOM. One approach is:

  • OSMO,ATOM

But I think ./vern has a better approach:


  • OSMO,axlUSDC,KUJI,USK,axlUSDC,ATOM



I'm going to do a little experiment. @TeamKujira has silently minimized the $OSMO-play. None of their LP pairs has $OSMO.

  1. Which way will be faster?
  2. Which way gets more more $ATOM?
  3. Which play will I go for?

To answer the first two question, the answer to the third question must, of course, be 'BOTH!'





Market conditions HAVE changed, indicating a change in flow: we'll swap to $KUJI FIRST, THEN swap to $USK.

Updated gantt-chart attached (above)

Let's do the trade.
  • 2022-12-03 placed: 70.27 $axlUSDC -> _ $KUJI, BUY at 0.573 retracted
  • OSMO,axlUSDC,USK,KUJI,ATOM
  • 2022-12-06 placed: 70.27 axlUSDC -> _ USK, SELL at 0.9569 fulfilled

And we have a winner!


AND I WAS SO RIGHT I WAS WRONG! YUS

So, my OSMO -> ATOM-play, I posited thatthe ATOM / OSMO order book trade would be slower than a circuitous route.

I WAS SO WRONG BECAUSE THE OSMO -> ATOM TRADE HIT!

I love being wrong. I now move this trade to the 'completed trades'-section.

The circuitous route-branch

Moving on from the $KUJI-loss.

All is not doom and gloom!

The new OSMO -> ATOM path looks promising.
  • I canceled the stuck 70.27 axlUSDC -> KUJI order
  • ./vern, my main man, ./vern tells me to place this order:


  • 2022-12-06 placed: 70.27 axlUSDC -> 67.2414 USK, SELL at 0.9569 fulfilled


Oft we go!
This new trade-path is forecast to do ~2% better than the straight OSMO -> ATOM trade closed earlier, so: YAY! 

And the axlUSDC -> USK limit order hit right away! WOOT!


... so I place the next order in the trade-path:

No. That's not right. 4 large orders went above my BUY limit order bid, right away, so:

  • retract order
  • place new limit order, BUY at 0.618 (instead of 0.61).
  • 2022-12-06 placed: 67.24 USK -> _ KUJI, BUY at 0.618 fulfilled

*WHEW* things change quickly!

And THAT new order hit right away! AHA! 


... so I place the final bid in this trade-path:



... and THAT's how you do trading-paths, folks! 😎

Stuck on KUJI-> ATOM, but ./vern has a simple work-around with KUJI,USK,ATOM, so:


I retract the current bid 


...and place:



And that hits right away.

So I claim it and turn right around to place the closing bid:

  • 2022-12-07 placed: 63.1055 USK -> _ ATOM, BUY at 9.005 fulfilled

Closing a long-play trade


You see this trade here? 


This trade completes the OSMO/ATOM-journey.

Let's measure results.

I started with 140 $OSMO ($124), 


70 I traded on ATOM/OSMO for 6.8783 $ATOM

The other 70 $OSMO took the long way to 7.01

13.89 $ATOM total ($132)


2022-12-07: 140 $OSMO ($124) -> 13.8861 $ATOM ($132) 6.45% ROI, 5 days. Trade closed.

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