HOWTO: migrate $cGLP to Demex

SO! In preparation for the "Whither $cGLP?"-contest, let's migrate our seed-$cGLP to @demexchange.

FRIST! have $GLP staked on @arbitrum @GMX_IO 

Next, you go to @demexchange, and, on the earn tab, select $GLP Compounder from the drop-down.

Hey, I can't help it if this is an easy HOWTO! 

After you migrate the $GLP to $cGLP, you're not done, because it's still on @arbitrum, and the contest require it be supplied on @demexchange Nitron, so, select "Deposit $cGLP to Carbon." 

I found that "Deposit $cGLP to Carbon" did not work as advertised, as it sent me to a "Deposit $SWTH from @ethereum"-page.

Huh.

So, where you want to be is here and do this thing. 

Here: deposit $cGLP

this thing: deposit $cGLP.

Once you've transferred the $cGLP to @0xcarbon (it takes a while), you now supply (or 'lend') it on @demexchange Nitron. 

This completes the contest requirement. You have equal values of $cGLP lent to Nitron as you have $GLP staked on @GMX_IO. 

So, you meet the contest requirements! Yay! You're done.

There are two optional things you can do with your $cGLP, as long as you have at least 100 $cGLP supplied on Nitron, per the contest rules.

Let's look over the two optional investments.

One option is that you can borrow $cGLP, then resupply the $cGLP with the borrowed amount. 

This is known as 'looping,' and it leverages the APY on the supplied $cGLP.

How much can you borrow? The $cGLP "Details" show you the allowable LTV ('loan to value'). 

Another option is to provide some $cGLP to the cGLP-USC LP.

That begs the question of where you can get $USC. I see three ways:

1. take a loan against the $cGLP, 

... but I loathe this option as borrowing a stable against a volatile asset begs liquidation.

2. asymmetric provisioning

But there's slippage, and how much? The point of this contest is to make money, not slip it away. Maybe this works, but I don't like that it's not in my control, it's in the AMM's ('automatic market maker').

3. Sell half the $cGLP for $USC on the @demexchange order book.

Why sell something that grows ($cGLP) for something that doesn't ($USC)? Well, the $cGLP is borrowed, so I'm less sad, and I'm selling it to earn more in the LP.

Let's see how this works.

Remember:

a. supplied $cGLP must be at least 100 tokens

b. borrowed $cGLP

c. cGLP-USC LP

Only a is required, b and c are optional, and:

a - b + c == $GLP staked on @GMX_IO and you are good to go for the contest.