Beyond the Blue [Event] Horizon

Okay, I'm going to do something ... 'fun' (?) today.

My funds are lion's-shared via Avalanche. I'm going to move $30k liquidity around to:

• Avalanche (from @BenqiFinance to @AaveAave and @Alpha_HomoraV2)
• Fantom Men-... sry: Opera
• @TeamKujira 

Avalanche, hearing me: 

I'm going to be explaining:

• what I'm doing
• how I'm doing it
• and why

Why? This is a hard-reset. 

Avalanche is still the base blockchain, 

... but I'm branching out, more, to these other blockchains to seize opportunities I'm seeing beyond my home-base of Avalanche.

The theme-song for this evolution, that will take me the entire day, I'm thinking, is Rain Man's "Beyond the Blue [Event] Horizon" because every evolution needs its own theme-song, yes? 

The first question is:

* Can I get $30k? Where did I come up with that?

The answer is: Yes, ... barely.

If you look at my Avalanche money-market positions, ...

 I have $44k in $sAVAX, a 70% loan will get me just over $30k.

Whoa. My own brain scares me with its analyticity. 😳😳🧠

This entails work.

This entails time.

Lots of both.

*rolls up sleeves.gif*

So, how do I unwind a looped $sAVAX supply / $AVAX borrow position?

Easy to do, just time consuming:

• I withdraw maximum allowable amount from $sAVAX supply.

• I swap $sAVAX to $AVAX on @KyberNetwork (best swap for this pair)

• I repay what I can to the loan.

Then I loop.

 

It turns out that because $AVAX is doing this, 

I end up borrowing $26k. 

It is what it is. We can work with this. 

Okay.

i HAPFEN DIE MONAYsZ!

Watchu do?

That's the thing, ain't it? Don't invest money (borrow money, whatever) unless you have a very clear plan what you're going to do with it.

I have a plan, and the plan is this.

1. I'll swap $AVAX to 301 $sAVAX and loop it on @AaveAave. 

Now, sure, I could used CIAN https://dapp.cian.app/strategy/aavev3/create to automate the loop on @AaveAave, 

.... but I prefer to loop manually.

On CIAN, you need to set up a CIAN wallet, and you have to do it their way (it's their automation).

Me, I'm a self-contro-... sry: ACTUALIZED-freak. 😎

I loop $sAVAX supply / $AVAX borrow 7 times, 

...and this is where my @AaveAave position lands. 

2022-12-11 @AaveAave $AVAX loop APR report

APY 5.42%

APR 47.32%

all yield collected: 2.51 $WAVAX

yields, incept: 2022-11-14

yield collected for 27 days

With $AVAX at $12.63

that is $1.17 collected per day (avg)

It'll take a week or two for the APR to settle again.

This @AaveAave daily report was generated with SPREADSHEETSZORXEN! (ofc) and the Rust program `despace`. 

Next, I'll fund the @Alpha_HomoraV2 leveraged LPs.

Before I took the approach of funding with $AVAX then borrowing the paired asset, now: I'm going to supply both sides with liquidity to fund the leveraged LP. Let's see how this plays out by starting smol then BUIDL'n those LPs.

The first order of business is to close the @Alpha_HomoraV2 Trader Joe BTC-AVAX leveraged LP, as I've seen it go negative more than once. 

The @pangolindex leveraged LP seems to do better, so we'll move to that one.

BUIDL'n a leveraged LP position with both $WBTC.e and $AVAX on @Alpha_HomoraV2 is both clear and detailed, both of which I like.

I'm choosing less than maximum/optimal leverage, because I'd like to play this safe for a while before I spread my wings to fly (... into the Sun?) 

I adjust the AVAX-USDC.e leveraged LP position with $USDC.e seed, but the leveraged utilization remained above 94%. 

Eh. Learning experience. For the AVAX-WETH.e leveraged LP, I'll be less aggressive with the leverage slider.

The bolstering of the AVAX-ETH leveraged LP went much more smoothly, and the end-result is an LP with 90% leveraged. NOICE! 

So, I go back to the AVAX-USDC.e leveraged LP and add a bit more $USDC.e and $AVAX to rebalance it to 85% leverage.

So, ... I'm playing it ... 'safe' ... with leverage. M'kay. 🤔

I'll gradually increase liquidity in the @Alpha_HomoraV2 leveraged LPs, so I set aside the $AVAX to do that as $sAVAX supplied into the @BenqiFinance marketplace.

I fund one more protocol on Avalanche: @GMX_IO. I add ~$100 to $GMX and $GLP, each, 

with an eye of funding an additional $1000.00 to this protocol.

To that end, I reserve 65 $AVAX (as $sAVAX) on @BenqiFinance to fund @GMX_IO over time. 

I move half the remaining liquidity, 500 $AVAX, to Fantom Opera, via @Bybit_Official. 

Then, on Fantom Opera, I swap $FTM to $USDC on @UniDexFinance 

and deposit that on @GeistFinance.

Why?

To borrow it back as $MIM. 

This is my working liquidity on Fantom Opera.

Let's deploy this liquidity.

The first place my liquidity goes is to the @UniDexFinance pools

• $1,000 of $USDC to the $USDC-pool, 45% APY

• $1,000 of $FTM to the $FTM-pool. 55% APY

The remaining $FTM, $2,000-worth, I swap to $sFTMX on @SpookySwap and supply to @GranaryFinance.

Why?

Because I borrow back the $FTM, then swap to $sFTMX, resupply until the health factor stabilizes: looping $sFTMX supply and $FTM borrow.

When the dust-... sry: loop settles, here is my @GranaryFinance position. 

As for the remaining 500 $AVAX on Avalanche, that's destined for @TeamKujira, but not tonight. I'm going to wait a few hours (trans: nap) and see if the $AVAX price recovers before I swap it to $axlUSDC.