Okay, I did the @TeamKujira ORCA liquidations report for today.
Now, let's go through each of my liquidation bids fulfilled, one-by-one, and see how well/poorly I did.
The idea here, recall, is to BUIDL asset bags, arbitrating via liquidations.
ATOM
First up: $ATOM.
The first liquidation, $ATOM, is ick for me:
1.08 $ATOM liquidated for 14.5 $USK, 3.95% premium, but:
$ATOM liquidation price: $13.44
$13.22 market price
So it goes.
But: as a trader, I don't care, as I sell-back at a higher price and wait for $ATOM's price to float up to it.
I update my SPREADSHEETSZORXEN! and move onto the next liquidation bid fulfilled.
stATOM
Next up: better RATE of return, but a much more modest one on this partial liquidation.
0.4 $stATOM liquidated for 6.6 $USK, 2.5% premium
$stATOM liquidation price: $16.61
market price: $16.92 ✅
I sell-back most the $stATOM on FIN for USK, then lend the rest to Ghost.
DOT
Next: $DOT.
Two words, folks: MWA-HAHAHAHAHA! 😈
3.5 $DOT liquidated for 30 $USK, 18% premium 💥🎉
$DOT liquidation price: $8.56
market price: $10.48
HAHA! 😎
I sell most back for $USK on @TeamKujira FIN, then deposit the rest into my BLUE minting position; minting more $USK.
Why do I mint $USK at 1% BPR against $DOT collateral?
We'll get to that. But first, I rebid for liquidated $DOT on @TeamKujira ORCA, upping my bid to 40 $USK.
So: I mint $USK at 1% BPR BECAUSE I LEND IT TO GHOST AT 50% APR!
And THAT is why $DOT and $wFTM and $LINK are the super-secret weapons on @TeamKujira, folks. While everybody's minting with $wstETH and $stATOM, which is great, but they are now maxed out.
Meanwhile $DOT, $wFTM, and $LINK are all up 3x, 4x, 7x and the $USK mints are EMPTY!
INJ/Bid-maintenance
Next: $INJ
No liquidation bid fulfilled, but look at my position: it's WAY above a viable position that can be filled.
KUJI
Next: $KUJI.
Remember I said I was buying $KUJI at $3.8-per?
Here I get it for $3.9-per. Not bad! Not bad!
20 liquidated $KUJI for 70 $xUSK (~$79), 3% premium
$KUJI liquidation price: $3.9
market price: $4.81
I sell-back most the $KUJI and lend the rest to Ghost.
I deposit some $USK to @TeamKujira Ghost so I can bid liquidated $KUJI with $xUSK,
... as this is one of the most active markets on ORCA.
ermijosh! ermijosh! ERMIJOSH!
$KUJI at $3.8-per?
How about:
$KUJI AT $2.75-PER on @TeamKujira ORCA???
38.6 liquidated $KUJI for 63 $xOSMO (~$105.5)
28% premium
$KUJI liquidation price: $2.75
market price: $4.8
D-mn! 😱
Now, there is no KUJI/OSMO @TeamKujira FIN order book ... (perhaps there should be???) ... so, instead I sell-back the $KUJI to $OSMO, but via $MNTA.
I lend the rest of the $KUJI to Ghost: 7.726 $KUJI profit, growing my $KUJI-bag.
Wow! 🎉
Do you even want to see my ROI for the above liquidation bid fulfilled?
I don't know: CAN YOU HANDLE THE TRUTH???
ROI: 61.91% / 7532.48% APR
Those are the returns available to you, my frenz, when you play @TeamKujira ORCA well.
Those are the returns I'm getting.
New markets
That covers my liquidation bids FULFILLED for today, so, now, let's post some markets I bid, new to me.
Those markets, new to me, are in the $xUSK-domain, so let's get that funded by lending $USK to Ghost, minting $xUSK.
These are the @TeamKujira ORCA $xUSK-bid markets.
MOST of the markets are empty: no collateral, but there are two that have potential: $MNTA and $NTRN.
I bid those.
A 'cute' bid is for liquidated $KUJI with 0.08 $xINJ on @TeamKujira ORCA.
"Dust," you say?
Well, that dust was profit from an claimed $INJ-liquidation, and that dust is worth 1+ $KUJI when this bid hits.
So, I'll take this cute, 'dusty,' bid. 😎
And, remember: I'm bidding with $xINJ, or: $INJ lent to Ghost, meaning that the value of the bid grows 4% APR.
Even if this never hits, my bags are growing over time, and they aren't quiescent bags: I put my bags to work, bidding liquidations, as is the ORCA-way.
And, seeing the value of $OSMO (claiming liquidated $KUJI at $2.7-per on the $xOSMO-bid-market on @TeamKujira ORCA), I bid a wee bit o' $xaxlUSDC for liquidated $OSMO.
The other market that I haven't bid yet is $gPAXG, but gold tends to be much less volatile than $OSMO.
This wraps up the bidding on @TeamKujira ORCA.
Let's do the daily reports.
Reports
2024-03-09 @TeamKujira ORCA Bids
39 active bids
Total bid ($): $2,806.42
FIN composition 2024-03-09
Token |
amount |
value $ |
|---|---|---|
USK |
134.27 |
$133.74 |
LUNA |
179.0488 |
$203.58 |
axlUSDC |
38.391916 |
$38.39 |
MNTA |
210.140745 |
$193.62 |
| ||
Total: |
$569.330 | |
2024-03-09 @TeamKujira ORCA: muh BAGz! on Ghost
n tokens |
token |
value ($) | |
|---|---|---|---|
34.0516 |
xUSK |
$38.82 | |
1.6591 |
xwFTM |
$1.33 | |
1.2590 |
xstATOM |
$22.26 | |
0.0205 |
xgPAXG |
$46.21 | |
31.652217 |
xKUJI |
$153.20 | |
8.851197 |
xMNTA |
$8.14 | |
0.094071 |
LINK |
$1.871 | |
| |||
Total: |
$271.831 | ||
2024-03-09 @TeamKujira Blue Mint positions
assets $1,812.92
minted $520.00
total: $1,292.92
2024-03-09 @TeamKujira ORCA portfolio report
(re)incept date: 2024-03-06
starting liquidity: $3,469.77
# active bids: 39
$271.83 Ghost & HODL
$375.709 FIN
$47.99 reserves
$1,292.92 BLUE mints
$2,806.42 ORCA bids
accumulated fees: -$14.45
$4,780.42 total
ROI: 37.77% / 4595.76% APR
Conclusion
The APR (4.5k%) will settle down over time, but the ROI of 37%, in and of itself, ... where else can you find these rates of returns?
If you're not using @TeamKujira ORCA – "Where everyone can be a whale" – I don't know what to say.
G'nite, fam. God bless you.
No comments:
Post a Comment