Let's go to @avalancheavax.
1. For some reason @KyberNetwork fully vested my yesterday's harvest today?
So now I'm $26 richer three months earlier than I thought I would be.
SWEET!
I collect the $QI-yields from @BenqiFinance, commingled with the $QI-yields from @KyberNetwork.
- I swap the $QI-yields to $AVAX on @pangolindex
- I swap the $KNC-yields to $AVAX on @KyberNetwork
I have in my wallet 7 $sAVAX and 1.7 $AVAX (spare): wat do?
The aim is to distribute this liquidity 50/50 to @BenqiFinance and @KyberNetwork.
The combined liquidity is 7 $sAVAX and 1.7 $AVAX, or 8.6 $sAVAX.
So:
- @BenqiFinance gets 4.3 $sAVAX moved to supply
- @KyberNetwork gets 2.15 $sAVAx + $AVAX to provide to the sAVAX-AVAX farm.
Something very concerning for me to see is the sAVAX-AVAX LP-balance.
@KyberNetwork: why is my LP-stake 100% $AVAX and 0% $sAVAX? Is something going on with the AMM to have this LP so imbalanced?
Let's move onto @GMX_IO.
I compound the yields which puts some $AVAX into my wallet.
- I swap 0.5 $AVAX to $GMX on @traderjoe_xyz
- I stake that $GMX on @GMX_IO
Buying $GLP is more complicated, as lowest fees are for $USDC.
- I swap 0.5 $AVAX to $USDC on @KyberNetwork
- I buy $GLP with the $USDC on @gmx_io
Purchasing $GLP auto(magic)ally stakes it.
Net Avalanche positions: 2023-02-04
valuation: $59,853.95
ROI: 13.82%
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