Before running the daily @BenqiFinance report, let's harvest and redistribute yields, shall we?
I split the $AVAX 50/50 into $sAVAX, then pair it back to the sAVAX-AVAX LP.
When the LP is staked on @traderjoe_xyz, it harvests the $QI-yields there.
The combined $QI-yields I swap to $AVAX on @pangolindex, joining the transferred-in $AVAX, then swap all that to $sAVAX on @KyberNetwork, supplying the $sAVAX to @BenqiFinance.
NOW we have to figure out what to take out as today's working liquidity.
This'll be fun.
Working liquidity:
- 500 $AVAX: @TeamKujira
- 40 $AVAX: @Alpha_HomoraV2 (16 $AVAX: 2 LPs, 8 $AVAX, 1 LP)
- 16 $AVAX: @GMX_IO (8 for $GMX, 8 for $GLP)
Total: 556 $AVAX.
And I borrow that for today's working liquidity.
But here's the thing: am I stoopit?
Yes, I'm stoopit.
Instead of blowing my whole ($AVAX) wad ATL, why not DCA out liquidity to other blockchains?
Why not, indeed!
THEREFORE! I'm returning 400 $AVAX to @BenqiFinance via @KyberNetwork as $sAVAX, and I'll dribble out 100 $AVAX.
All this liquidity-movement this last 24 hours does make it impracticable to talk about AVAX/sAVAX gains for @BenqiFinance, however.
THEREFORE! (I like saying: "THEREFORE!")
I'm drawing a line in the sand.
We start @BenqiFinance over: today. #ExecutiveDecision
And, actually, we are no longer looping $sAVAX supply / $AVAX borrow on @BenqiFinance, anyway, so the loop report is no longer useful.
ONE LESS DAILY REPORT TO WRITE! 😤
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