ETHBTC experiment, Day 2
- I create a new row: day 2
- I record $BTC and $ETH prices from @osmosiszone into columns C and D.
The SPREADSHEETSZORXEN sez:
swap 0.1823 ETH
So, I withdraw that amount from @TeamKujira Ghost
and bridge it to @osmosiszone via Satellite.
Channel 9, for future reference
On @osmosiszone, I swap the $ETH to $BTC as $ETH's price rises and $BTC's price falls.
I hop (@axelarcore) hop (@TeamKujira) the $wBTC back, then lend it out on Ghost.
Anybody want to borrow $wBTC? As the price is falling, you can short it, so that when you pay back the borrow, you pay less than what you borrowed it.
Doesn't hurt that it will sky the lend APR. 😎
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