Net Avalanche positions: 2022-12-13

Okay. Hello, frenz! Let's distribute the liquidity on Avalanche and do the Avalanche report. I HAD 56 $AVAX to distribute here, 

BUT every $BTC-LP I touch on @Alpha_HomoraV2 turns to dross, so I'll have to investigate alternatives.

So: let's distribute and investigate. 

First up, and HOLY SCHNITZENGRUBEN, BATMAN: I have yields to compound on @GMX_IO! 

This is, like, becoming a regular thing!

I'm not complainin', mind. 😅

We distribute 8 $AVAX to $GMX using @traderjoe_xyz to swap and stake on @GMX_IO.

Now, let's pause for 1 μsec here.

I've made $1000, net, DCA'ing $GMX. Do I like @GMX_IO?

Yes. Yes, I do. 😎

I buy $GLP at a discount by first swapping to $USDC.e on @KyberNetwork

Two things to note here.

1. Slippage was MUCH less, so: swapping to $USDC.e and NOT $USDC is the way to go on @KyberNetwork?
2. This is the first time, EVER, $GLP has shown a (slight) net gain invested. YAY!

Also, has anyone else noticed these sharp divits across the swap boards? Is no one concerned about this? Isn't this used by hackers to buy assets for basically nothing using limit orders?

I've seen this in other blockchains and this is very concerning to see on Avalanche.

Next, @Alpha_HomoraV2, who wishes you a snowy Christmas! YUS! ❄️❄️❄️

This is going to be a ... 'bit' detailed.

Narrator:《précis》de toi, M. geophf? quel surprise. 🙄

me: narrator be salty 'n stuff; casting shade at me, in French, no less.

Let's break this down 1 leveraged LP at a time.

1. For AVAX-WETH.e, 

• I swap 8 $AVAX to $WETH.e on @KyberNetwork. 

• I supply 8 $AVAX and the $WETH.e to the LP. I loan myself at 89% the assets to provide liquidity. 89% seems safe to me.

• Stake and go, baby, at net 33% APY.

2. AVAX-USDC.e, like AVAX-WETH.e, but by half, ... why?

Because I provided half two days ago to rebalance LTV to 85%.

$AVAX and $ETH correspond in their price movement, which justifies a higher LTV, but AVAX and stables don't have a price-correspondence at all, so I'm cautious.

3. Now, AVAX-WBTC.e is (barely) positive APY, but this is the exception that proves the rule, ... the rule being: it's negative double-digits whenever else I check on this leveraged LP. I close out this position. 

So, for $BTC-farming, it's goodbye! @Alpha_HomoraV2 and Hello! @Platypusdefi from a recommendation by @phtevenstrong via @ScammoonR: 

Let's wander on over to @Platypusdefi now. 

Right off the bat, I feel an affinity for @Platypusdefi $BTC ...'pool'(?) Why?

* It's BTC-BTC, so IL evaporates.

* I understand the yield-structure

* Okay, so it rewards $PLP-staking, ...that gets the big (W)hatever from me.

In short, I can park my $BTC and earn yields from it.

I have $WBTC.e from the closed position on @Alpha_HomoraV2, so the first thing I so get get me some $BTC.b from @traderjoe_xyz from the $AVAX.

The next first thing that I do (don't try to parse my sentences, frenz, I am, after all, one of the World's première `pataforists https://en.wikipedia.org/wiki/%27Pataphysics), is to stake my $PTP to start mining $vePTP.

Where did I get the $PTP? Short story: sAVAX-AVAX LP experiment that failed.

You see how they try to upsell you with an NFT so you can mine more $vePTP over time?

Do I care about $vePTP boosting my $BTC-yields?

Hm: no.

I've been down the 'NFT boost'-road before. Hard pass.

Okay, let's supply and stake the $BTC. 

Now, do you remember how I put this WBTC.e-BTC.b 'pool' in 'quotes' as I just did, 'now'?

That's because it's not an LP. I can single-stake $BTC.b, if I prefer. 

And I do prefer.

So where do I swap the $WBTC.e that I have? Turns out: @Platypusdefi is the best place to do that.

After swapping $BTC for $BTC (yeah, I just said that. Don't blame me: $BTC.b is a relatively new idea to Avalanche, but it seems to have caught on), I supply and stake it as before.

My position on @Platypusdefi when all is said and done.

BUT WAIT!

I was supposed to invest 16 $AVAX into my $BTC-position.

So, I do that, swapping 16 $AVAX for $BTC.b on @traderjoe_xyz, 

then supplying and staking the $BTC.b on @Platypusdefi

Which, yes, I record into my SPREADSHEETSZORXEN, you betcha! 😎

Net Avalanche positions: 2022-12-13

invested: $73,064.21

valuation: $52,866.04

ROI: -28.06% 

One of these days $AVAX is going to wake from its slumber, and I will make a TON of money. And, until then, I'm making a TON of money off the investments I'm making from $AVAX.