2023-08-07 ETHBTC-THANG! Day 71

2023-08-07 ETHBTC-THANG! Day 71

The ETHBTC-THANG! 

• swap 0.0000 $BTC (no swap)

ETH: 5.34815

BTC: 0.00000

Total: $9,768.43

I had $OP on standby from last night on @coinbase the swap-swap to $ADA completed, so I transfer that liquidity to @Cardano 

The $iETH swap transaction completes, so I stake the $iETH on @Indigo_protocol stability pool.

The $OP shows up on @coinbase, so I place a sell limit order to swap to $USDC in preparation for the next time I need to purchase on @Indigo_protocol. 

2023-08-07 Indigo portfolio

Basis: $652.20

$iBTC: 0 $0.00

$iETH: 0.317737 $580.35

$iUSD: 0 $0.00

value: $580.35

total fees $6.582

total yields $2.242

net gain/loss -$4.340

APY -26.48%

ROI: -11.68%

APR: -387.63%

Analysis

Am I 𝖙𝖗𝖔𝖚𝖇𝖑𝖊𝖉 that my @Indigo_protocol value is lower than my investment?

No. Why? 

I look at it this way: I'm buying $ETH ($iETH) at a discount. When $ETH-price corrects, I'm looking at catapulting the value above my investment.

That's my #DCA-investing plan.