First stop: @GMX_IO, or, as I call it: "La Machine!" as this protocol just keeps grinding out yields and growth.
Ooh, this baybee is bad-@$$.
I collect and compound yields here: having the yields reinvested to produce more yields.
A yield-farmer's delight.
I reinvest half the $AVAX-yields as $GMX (swapping on @traderjoe_xyz) then staking that on @GMX_IO.
The other half invested into $GLP is a bit more complicated.
- I swap $AVAX to $USDC on @KyberNetwork first.
Why? The fees are much lower when you buy $GLP with $USDC.
- THEN I buy the $GLP on @GMX_IO, which auto(magic)ally stakes those tokens.
Next up: let's visit @BenqiFinance
This isn't going to be facile.
I published an article on liquid staking and the dangers of depeg.
So, I'm rearranging the $sAVAX loop, splitting off half of it to @KyberNetwork sAVAX-AVAX LP AND withdrawing $BTC supply.
Okay. Help.
I have ~$600 $BTC.b sitting on @avalancheavax.
I have a hate-hate relationship with $BTC. I never know what to do with it, but it'd be stupid of me not to factor it into my investment portfolio.
@TeamKujira: are you gonna set up the BTC-ETH order book anytime soon?
At the end of the day:
Net Avalanche positions: 2023-01-31
invested: $52,927.77
valuation: $54,463.70
ROI: 3.54%
Lots to unpack here. Am I too sAVAX-AVAX LP-centric? Thank goodness @KyberNetwork has a killer incentivized yield, so I can defer that analysis for now.
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