2023-11-05 ETHBTC-THANG! Day 161

Let's do the ETHBTC-THANG!

I record the $BTC and $ETH prices from @Levana_protocol onto my SPREADSHEETSZORXEN! 

2023-11-05 ETHBTC-THANG! Day 161

The ETHBTC-THANG! 

• no swap; no BTC available

ETH: 4.01451 BTC: 0.0038

Total: $7,715.38 TVL EMA-20:

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

ROI: -1.68% APR: -3.80%

Cardano

So, the EMA20 on ADA/ETH says trade $ADA for $ETH.

So, first of all, I get me some $ADA on @coinbase...

YO! @TeamKujira: wanna open a bridge to @Cardano and start trading in $ADA???

... then I bridge that $ADA to @Cardano. 

I collect yields.

First I collect the $INDY yields, then immediately swap them to $ADA.

I collect the $ETH and $BTC yields, paid in $ADA.

As the note says, 2% of the yields go to $INDY-stakers. I don't stake $INDY, as I use @Indigo_protocol for the ETHBTC-accumulation, so I accept with the 2% yield-loss. 

I swap the $ADA to $iETH ($ETH is favored on the ETH/BTC-ratio). Note the 2 $ADA fee for the swap.

Before I stake this $iETH. I tried minting some $iETH with $ADA. Now that swapping to $iETH is favored, I'll burn this $iETH, then swap.

Let's do that! 

So, I do that. I burn 0.011 $iETH, and from the freed 150 $ADA collateral I swap to 0.023 $iETH.

I take all the $iETH and stake it in the $iETH stability-pool.

Note, each transaction is TWO transactions (send and receive) on @Indigo_protocol and fees are, I'd say: excessive.

2023-11-06 Indigo portfolio

Basis: $1,665.58

$iBTC: 0.013175 $460.61

$iETH: 0.676348 $1,274.98

$iUSD: 0 $0.00

value: $1,735.60

total fees $29.133

total yields $158.256

net gain/loss $129.123

APY 28.87%

ROI: 18.13%

APR: 64.88%