LUNA arbitration on Kujira using Terra swap and ampLUNA

Watch this.

So. $LUNA- or $USK-arb, anyone?

I buy $ampLUNA, with a 1.09 factor on @eris_protocol, INTENTIONALLY setting the buy quote way above ask.

• 2023-01-14: 45 USK -> 25.667 ampLUNA, BUY at 1.75 fulfilled

Why?

Let's see. 

The order is fulfilled, actually only spending 45 $USK (not 54 $USK as shown) (I cancelled the order too quickly), so my average $ampLUNA-price is 1.75 USK.

"Okay?" you say.

Okay. So let's bridge those 25 $ampLUNA to Terra to swap to $LUNA and see what we get.

I swap the $ampLUNA to $LUNA on @terraswap_io 

• 2023-01-14: 25.66 ampLUNA -> 27.66 LUNA, SWAP on Terra

... after having to acknowledge this really weird "my wallet is my wallet"-confirmation that all the dApps on Terra are now requesting for some really weird reason.

I almost got asked for my seed phrase?

Nupe.

The upshot here is I traded 25.67 $ampLUNA, that I bought for 1.75 $USK-per to 27.66 $LUNA.

POP-QUIZ: what is the $USK-per my now 27.66 $LUNA?

This --^ is important when I trade these $LUNA on FIN back on @TeamKujira

.

Before I bridge back, I noticed I have ~50 $axlUSDC and ~50 $axlUSDT 

on Terra.

Because a dAPP that had an axlUSDC-axlUSDT LP

failed?

But Terra is a thriving blockchain. With bridging issues. And failing dApps.

Okay. cha. shur.

So I swap both to $LUNA on @astroport_fi.

I bridge 80 $LUNA back to @TeamKujira, 

...which takes all of a heartbeat: SWEET!

Then, the first thing I do is put half, 40 $LUNA, as collateral on BLUE to mint 20 more $USK.

I then sell the $LUNA 'back': the LUNA/axlUSDC has the better sell-price, so I sell there, 

• 2023-01-14 placed: 27.66 LUNA -> 51.8072 axlUSDC, SELL at 1.873 fulfilled

...then, when that order pops, I sell the $axlUSDC on the axlUSDC/USK.

• 2023-01-14 placed: 51.8072 axlUSDC -> 49 USK closed

The USK-arb, then, is this:

• 45 USK -> 25.66 ampLUNA -> 27.66 LUNA -> 51.8072 axlUSDC -> 49 USK
• 8.91% ROI in 0.5 day.

But look at this.

$ampLUNA is once again below $LUNA prices.

AND, look at the LUNA prices. It's now a $0.02 difference between the /axlUSDC and /USK order books. A minute ago that gap was $0.10.

The addition of LUNA to the minting-pantheon has opened the arb-floodgates.

The. End.*

*but for the arbiteur, the end comes when I say it comes,  so:

Never. the. End.*

* ... to making money arbitrating token price-δs.