Let's do the ETHBTC-THANG!
I record the $ADA price from @Indigo_protocol and the $ETH and $BTC prices from @Levana_protocol.
The EMA20 indicators say $ADA <-> $BTC is level, but the $ADA -> $ETH swap is favored.
I'm not going to do that, but shall I buy some undervalued $ADA?
I make the determination to buy $ADA with a ... [wait for it] ... SPREADSHEETSZORXEN!
This sheet:
- declares my portfolio composition
- sets the Ratio - EMA20 max and min δs
- computes how much $ADA I should buy from $iUSD or how much $iETH or $iBTC I should swap from $ADA
So, my sheet says:
- Collect $INDY yields
- swap to $ADA (of course!)
After that, and fees, I have 243.82 $ADA mo sukoshi, per the min δ, to accumulate, which is $160.50-worth.
- Withdraw that from the $iUSD-stake and swap to $ADA.
I do the things.
2024-01-21 Indigo portfolio
incept date: 2023-08-07
invested: $4,465.58
0.01228 $iBTC: $512.02
0.7104 $iETH: $1,759.30
2,643.25 $iUSD: $2,643.25
777 $ADA: $398.65
total fees $63.63
total yields $592.50
net yields $528.86
APY: 24.28%
value: $4,914.57
ROI: 10.05%
APR: 20.62%
2024-01-21 ETHBTC-THANG! Day 238
The ETHBTC-THANG!
- swap 0.20121 $ETH
After swap:
ETH: 3.96902 BTC: 0.0950
Total: $13,792.62 TVL EMA-20: $12,282.44
n.b.: TVL EMA-20 indicates that ETHBTC, itself, is cruising!
ROI: 5.70% APR: 8.75%
The Business
Okay, we've got the reports done. Let's get to the business of the ETHBTC-THANG! ... which is to trade one for the other advantageously, based upon the ETH/BTC ratio and the EMA-20 indicator.
My report says trade 0.2012 $ETH for $BTC, so I withdraw the $ETH from @TeamKujira Ghost and place a sell-order on the wETH/axlUSDC FIN order book, where $wETH is priced highest.
Whilst on @TeamKujira FIN, I noticed that I had sold some $wstETH at 1.17-per-wETH.
Is that a good sale-price?
Hellz, ya, especially as @LidoFinance's market price is at 1.15-per-$ETH.
I claim the $wETH and lend it to Ghost at 12% APR, which I thought was great, but ...
But, here's the thing, @TeamKujira Ghost is earning 12% APR for $ETH. That's great!
But I can do (much) better, as I notice that the buy-side of FIN wstETH/ETH order book is dry. The swing over market price is over 15%!
I withdraw some $ETH from Ghost and place a buy-order.
Granted: the @TeamKujira FIN wstETH/wETH order book isn't a high volume-traded order book, but when orders hit, that's a 15%...
... ROI!
So what if that takes a few days or a few weeks, eh? That turns into AMAZING APRs, when the order do hit.
wstETH/wETH: an interesting arb.
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