Now let's turn our attention to @avalancheavax.
There are yields to collect and to reinvest on @traderjoe_xyz and @BenqiFinance,
...but I also want to look at the balance between the $sAVAX-loop on @BenqiFinance vs. the sAVAX-AVAX LP hedge on @traderjoe_xyz.
Okay.
So, here's what I'm talking about.
The hedge is twice the size of the leverage, whereas, the hedge should be 1/4 the size of the leverage.
So, time to rebalance my Avalanche-positions, and, in that rebalance, let's fund my Arbitrum-positions.
So, I unstake halfish (?) of my @traderjoe_xyz sAVAX-AVAX LP farm,
Which is nice.
After a couple of evolutions, my hedge now is a much smaller part of the wedge, and my leveraged $sAVAX again dominates my @avalancheavax portfolio.
So, now I harvest the $QI- and $AVAX-yields from @BenqiFinance,
So, 1 $AVAX/$sAVAX goes to provide liquidity to @traderjoeintern LP farm.
Let's also harvest (and compound, or: reinvest) the yields on @GMX_IO ... @avalancheavax-chain, that is.
I swap half the $AVAX yields to $GMX on @traderjoe_xyz then stake onto @GMX_IO.
For $GLP, I check fees and both $ETH and $USDC.e are low fees today, so I swap $AVAX to $USDC.e on @KyberNetwork then buy $GLP with the $USDC.e on @GMX_IO
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