Let's shift focus to Fantom Opera blockchain.
First, we transfer 50 $AVAX-liquidity to Fantom via @Bybit_Official with a SWAP-SWAP from $AVAX to $USDT to $FTM.
Once the liquidity is on Fantom Opera, I swap the $FTM to $USDC on @UniDexFinance,
... why?
- To supply to @GeistFinance,
- So I can borrow $MIM.
This is my working liquidity for today.
I swap some of the $MIM to $USDC and the rest to $FTM.
- The $USDC I put into the $USDC-pool on @UniDexFinance.
- Some of the $FTM (400 of them) I put into the $FTM-pool on @UniDexFinance.
"Why would I do such a thing?" you ask.
Look at the yields on these pools.
The principal is at risk, yes, but 40-50% APY on pooled $USDC and $FTM?
Yes, please!
The remaining $FTM I swap to $sFTMX on @SpookySwap, then supply to @GranaryFinance, then borrow back as $FTM.
Why?
... because I swap that borrowed $FTM right back to $sFTMX on @SpookySwap again, the resupply @GranaryFinance with that $sFTMX.
This leveraged yield-farming using 'loop'ing. Since $sFTMX gains vs $FTM 4.7% intrinsically, we're leveraging that intrinsic gain.
After that (unitary) loop, my @GranaryFinance position settles to the following.
I can now do the daily report for this protocol.
2022-12-14 @GranaryFinance $sFTMX loop APR report
incept date 2022-12-03
sFTMX leveraged: 31076.507
sFTMX factor: 1.0678
FTM borrowed: -20,981.50
net FTM: 12,202.00
net FTM δ: 144.42
days in market: 11
APR: 39.27%
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