2023-08-09 ETHBTC-THANG! Day 73
The ETHBTC-THANG!
- swap 0.0000 $BTC (no swap)
ETH: 5.34815
BTC: 0.00000
Total: $9,937.21
Since I'm not doing an ETHBTC-swap today, I've moved the last liquidity from @optimismFND to @coinbase and I place a sell limit order on @coinbase.
This is in service to moving liquidity to @Cardano to buy and to stake $iETH on @Indigo_protocol.
The sell limit order hit right away, so I put in a buy limit order for $ADA.
After some time, the $ADA buy limit order hits.
I then transfer that liquidity to my @Cardano wallet.
Then 1, 2, 3:
- I swap $ADA to $iETH
- I stake the $iETH
- I collect the $ADA-yield.
$ADA-yield is still less than the fees. That will change when I have 3 billion $iETH staked.
Note that I say this:
'I swap $ADA to $iETH'
and I don't say this:
'I stake my $ADA and mint $iETH from it.'
Why?
I'm not there yet. I value $iETH (much) more than $ADA.
When $ADA-yields are PAMP'n! from the staked $iETH, THEN I'll mint $iETH from staked $ADA.
#mystrat
2023-08-09 Indigo portfolio
Basis: $893.24
$iBTC: 0 $0.00
$iETH: 0.435528 $809.24
$iUSD: 0 $0.00
value: $809.24
total fees $9.086
total yields $3.229
net gain/loss -$5.857
APY -21.48%
ROI: -10.06%
APR: -282.44%
No comments:
Post a Comment