Tuesday, March 7, 2023

αHomoro after action report for Fantom, 2023-03-07

All, on @FantomFDN, locked $GEIST on @GeistFinance is back above 90% APY (APY, not APR).


Vested and locked $GEIST earns you fees, paid on the market tokens, themselves! 😱 


On what other (viable) money markets does this happen? (I'd really like to know) (not Ethereum).

Also:

Is the $MIM-depeg starting to happen? Is it going to be a Thing?


We shall see.

*hastily borrows more $MIM 


I did the above to clear the way for the closing out of the αHomoro positions on Fantom.


Here we see the current position on @Alpha_HomoraV2.  


I've also included amounts invested into each. 


You see that there are some good gains here! 

After closing the leveraged LPs, I see (mostly) gains, and a couple of losses due to LP-balancing.


I'm unable to withdraw the $ETH I lent @Alpha_HomoraV2, due to the ongoing Iron Bank dispute, ...


... which is a bummer.

So, the Great Swappage™️ Occureth!

  • I swap wBTC to wETH on @beethoven_x 


  • I swap fUSDT to USDC on @beethoven_x 


  • I swap BEETS to FTM on @beethoven_x 


  • I swap BOO to FTM on @SpookySwap

(which is the cutest DEX I've ever seen)

The $ETH and the $USDC I bridge to @arbitrum using the Celer bridge. 



(You'll find out why, later, ... maybe not today, idk)

The $FTM I swap to $sFTMX on @beethoven_x then supply to @GranaryFinance.



I immediately borrow back that liquidity as $FTM.


So my $FTM becomes $sFTMX, earning interest (APY and APR), which I borrow against as $FTM.

I'm putting my liquidity to work, folks. 

How do I disburse the $FTM I've borrowed?

I still have some $UNIDX, so I pair it with (wrapped) $FTM (swapped on @beethoven_x) on the volatile UNIDX-wFTM LP on @EqualizerFlash. 



I note that I have $EQUAL-yields to collect, so I do that, 


then destake the EQUAL-wFTM LP (it wasn't working for me), 


swap all $EQUAL to $FTM on @EqualizerFlash 


and unwrap the remaining $wFTM on @beethoven_x. 


That leaves me with ~660 spare $FTM, which I deposit into the @UnlDexFinance $FTM-pool, which has been a beast with both APR and APY, consistently. 


All this work, ...

ALL of this work!

was in service to moving liquidity off @Alpha_HomoraV2.

And I STILL have 0.06 $ETH (~$100) held hostage over the negotiations with Iron Bank. I'll retrieve those when the strangle-hold loosens enough for me to get my funds.

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