Let's haunt @FantomFDN menace GhostDawg Chain.
BOO! 馃懟馃懟馃懟
A stop along the way: @UniDexFinance and o! dear! the $FTM-pool at 80%+?
Yes, please! PARTIcularly with $FTM's price being what it is now! 馃槄馃槑
This lands me at @GranaryFinance with my leveraged looped liquid stake position (位位位),
... with no hedge against the eventual s-token depeg.
So, thanks to this great author, I know exactly what I must do: http://logicalgraphs.blogspot.com/2023/01/looped-liquid-staking-danger-and.html
Narrator: 'great'?
Me: Some call him 'great,' yes
But before I unwind my $sFTMX position on @GranaryFinance, I harvest yields,
and Holy Clam Chowder! the $SD-yields are clocking in at 20% APY, folks! 馃槺馃挵
That's the power of leverage: leverage ... well: leverages. #suchwow
I must stabilize my @GranaryFinance-position. So,
- I withdraw 4000 $sFTMX from supply,
- swap to $FTM on @beethoven_x
- then pay-down the borrow.
My health has improved,
so now I can iteratively build a hedge position on @beethoven_x from the $sFTMX-supply on @GranaryFinance.
How do we balance our 位位位-position on @GranaryFinance with the "Lock, Stock, and Two Smoking Fantoms"-LP hedge on @beethoven_x?
- I withdraw 4000 $sFTMX supply from @GranaryFinance
- I swap 3000 $sFTMX (ONLY!) to $FTM on @beethoven_x
- I swap 1065 $FTM to $wFTM
- then provision.
That leaves ~2000 $FTM: I repay the borrow. But you see my health has deteriorated a wee bit. So, I have to alternate between paying down the borrow and building my hedge-position to equal my $sFTMX-bag.
'Sleep'? What is that? I'm curious to know. 馃檮
Speaking of sleep ...
My cara spoza informs me I'm falling out of my chair, so I believe now is a good time to call it a night.
G'nite you dashing, daring, darling, delightful people!
NEW DAILY REPORT INCOMING BECAUSE YOU* DEMANDED IT!
Daily Fantom Blockchain position report, 2023-01-31
invested: $19,425.82
valuation: $27,469.38
ROI: 41.41%
you, pron.: well, maybe somebody might be interested, idk.
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