2023-09-06 ETHBTC-THANG! Day 101

Let's do the ETHBTC-THANG!

First, I record the prices for $ETH and $BTC from @osmosiszone onto my SPREADSHEETSZORXEN! 

2023-09-06 ETHBTC-THANG! Day 101

The ETHBTC-THANG! 

• swap 0.04278 $ETH

After swap:

ETH: 4.40273 BTC: 0.0752

Total: $9,001.87 TVL EMA-20: $9,285.85

n.b.: TVL EMA-20 indicates that ETHBTC, itself, is undervalued.

ROI: 5.57% APR: 20.13%

So, I do the ETH-BTC swap:

• I withdraw 0.04 $ETH from @TeamKujira Ghost lend

• I bridge that $ETH to @osmosiszone using Satellite

• I swap ETH to BTC on @osmosiszone

 

• I transfer the 0.0027 $BTC back to @TeamKujira via IBC

This completes the SWAP-phase of the ETHBTC-THANG! but recall that the EMA-TVL shows that ETHBTC is undervalued.

Recall that we moved liquidity to @Cardano yesterday.

Let's go buy some ... what? The EMA-ETHBTC-ratio says: 'sell $ETH' which means: 'buy $BTC.'

Let's do this!

I swap the liquidity (as $ADA) to $iBTC then stake that synthetic on @Indigo_protocol.

Reviewing my $INDY yields, I see they've accumulated above $10-worth (even as the $INDY price continues to fall).

We need an use-case for $INDY, @Indigo_protocol, other than staking it.

I collect the $INDY yields.

I have options for the $INDY yields: I can swap them to, say, $ADA, then mint a synthetic. I don't have the muscle to do that effectively, yet.

Or I can stake the $INDY-yields. I'll go with that for now.

When $INDY yields gets above $100-per-harvest, I'll relook this approach.

I stake the $INDY. I have staked $INDY. 

$INDY est stakèð.

2023-09-06 Indigo portfolio

Basis: $1,600.60

$iBTC: 0.014057 $350.78

$iETH: 0.583633 $944.41

$iUSD: 0 $0.00

value: $1,295.20

total fees $18.808

total yields $31.140

net gain/loss $12.332

APY 7.32%

ROI: -18.31%

APR: -163.00%