Net Avalanche positions: 2023-02-04

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. 

So: 

• 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

invested: $52,927.77

valuation: $59,853.95

ROI: 13.82%