Sunday, January 8, 2023

Net Avalanche positions: 2023-01-08

I move the $sAVAX from the closed-out @AaveAave position to @BenqiFinance.


While there, I notice there're $QI-yields to collect, which I do, then swap them to $AVAX on @pangolindex and swap $AVAX-overage to $sAVAX, which I also supply to @BenqiFinance. 





Heads' up, investors.

@GMX_IO yields on staked $GMX and $GLP (which is 'automagically' staked) has fallen on both the Avalanche and Arbitrum blockchains to single-digit yields.



Compare to 30-40% APYs last month.

Thoughts? 

Conversely, my @Alpha_HomoraV2 positions on Avalanche have returned to net-positive APR. 


The yields, when they go above $10 and I collect them, will help the balance sheet for my portfolio here.

Okay, I'm gearing up to do the Avalanche daily report, but before we do that, let's move some liquidity off-chain.

I borrow 100 $AVAX from @BenqiFinance, 


...then transfer 50 of that $AVAX to @Bybit_Official.


The other 50 $AVAX I swap to $USDC on @KyberNetwork 


... then to $axlUSDC on @CurveFinance 


... so that I can bridge this liquidity to @TeamKujira blockchain. 


Now I can do the daily Avalanche report.

Net Avalanche positions: 2023-01-08



invested: $47,212.74
valuation: $27,864.85
ROI: -40.74%

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