Have y'all seen the price PLUMMET on $stOSMO on @TeamKujira FIN stOSMO/USK board? Somebody really wanted to sell off their $stOSMO.
Good news for me, because I just bought $stOSMO at 37.5¢.
Why good news? Because I shorted $stOSMO at 49¢-per.
I'll now close that short.
"BUT, el geophf!" you cry in anguish! "THERE IS NO SHORT-SELLING ON @TeamKujira YET!"
Sorry, fren, but there is indeed short-selling, but you have to know how to do it yourself.
That's why I provide this article.
I close the $stOSMO short by repaying the borrow on @TeamKujira Ghost.
2023-05-29: sold (short) 300 $stOSMO for 147 $USK
2023-08-06: bought (close) 301.873 $stOSMO for 109.02 $USK
69 days (eheh! 😅) ROI: 25.84%, 136.67% APR
Now THAT's how you do a short!
But that's not the end of this story, as I have left-over $stOSMO to sell or to deploy. I choose to deploy the $stOSMO as:
- $stATOM catch-all on stATOM/stOSMO board
- $KUJI catch-all on KUJI/stOSMO board (shown)
Still not done with the goodness, folks, for:
- closing the $stOSMO on @TeamKujira Ghost freed up 500 $axlUSDC
- And I had hedge of 150 $xaxlUSDC on ORCA's $stOSMO liquidation market.
This means closing this short swung me ANOTHER 650 $axlUSDC!
Wow! 🎉🎉🎉
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