Bridging USTC onto and off of Harmony and Terra

#dedchain? What's that you say? "Harmony and Terra (classic) (and, tbh, Terra 2.0) are #dedchain"?

Huh: 'ded' for you is very much alive for me.

Let's bridge $USTC onto and off of both Terra (classic) and Harmony.

First, I show I have no $USTC on Harmony. 

Next, I ensure my Terra (station) wallet is on Terra classic, as evidenced by the bright orange bar at the top saying 'Classic.' If not, I can gear-shift it onto Terra classic.

So, yeah: Terra (classic), ... which is the only viable Terra for me. 

To transfer $USTC to Harmony from Terra Classic, we NEED $USTC. Where do I get $USTC?

$MIR yields from @mirror_protocol, of course.

@mirror_protocol has consistently got 100%+ APY through thick and thin. It's the best #cryptocurrency protocol, bar none. Sorry. #notsorry 

I also have some @astroport_fi yields to collect from the locked LPs, so: yay. 

Lock away tens of thousands of dollars, collect yields worth ... checks notes, ... $1.17.

GOOD DEAL! #sarcasm 🙄 

Swap-swap-swap. 

I swap the collected $MIR, $MINE, and $ASTRO to $USTC on @astroport_fi, which has a better swap than @loop_finance (I checked for each).

Then I bridge that $USTC to Harmony using https://classic-bridge.terra.money/. 

Let's go to Harmony and generate some $USTC, by generating $ONE.

Where? https://www.reflectaverse.one/staking

The $ECHO price continues to fall, but the yields match the price-fall, so... I'm losing my principal for yields?

Ugh.

I collect $ECHO yields and swap that and other assets to $ONE.

This is the state of the Reflectaverse self-funding experiment.

Interesting note, I had LESS $ECHO yields if I collected yesterday but it was worth the SAME as the $USD value I collected today.

The $ECHO yields are dead-in-the-water to the $ECHO price-fall.

Not good. 

Now, let's get that $USTC off Harmony. What $USTC?

• We SWAP the $ONE to $USTC on @DefiKingdoms 

• We BRIDGE the $USTC to Terra using https://classic-bridge.terra.money/

• and, ... voilà! We have the $USTC on Terra now. 

What happened to the $USTC I bridged to Harmony back at the beginning of this thread, 1 hour, 19', 27" ago?

I don't know.

It hasn't shown up on Harmony.

Anybody know how to revert a bridge-transaction on https://classic-bridge.terra.money/ that's stuck?

tx_id

Okay, it's been a while.

Busy day.

I BRIDGE the $USTC from Terra to Avalanche; this $USTC is targeted for my $BTC.b self-loan pay-down.

On Avalanche, 

• I SWAP the $USTC to $BTC.b on @traderjoe_xyz 

• then SUPPLY that $BTC.b to @BenqiFinance, paying down my self-loan. 

... which brings our $BTC self-loan pay-down on 2022-08-10 to the following. 

Before we call it a night, there are some $QI yields from the QI-AVAX staked LP to collect. 

My plan for these $QI yields is to

• SWAP 50% for $AVAX on @pangolindex 

• SUPPLY the $AVAX and $QI to the @BenqiFinance 

The supplied $AVAX pays-down my self-loan. 

The chart's burn-down doesn't look impressive, ... now, but as we build momentum, you'll start to see impact. 

The @BenqiFinance net asset allocations, 2022-08-10.

Funding Terra and Harmony from Coinbase: HOWTO

HOWTO get liquidity onto @terra_money and then @harmonyprotocol for USA crypto-investors.

Okay, I have a Coinbase account. How do I get my money to Terra, and then to Harmony?

Funding Terra

The simplest way is to buy $MIR, $LUNA, or $UST on @coinbase, then bridge that over to Terra.

There's a problem with that: Ethereum gas fees. One transaction costs $7.77 in $ETH gas fees.

On a good day... actually, that's a really bad day for any other blockchain.

Some people can just throw away money like that to pay for transactions. I'm not 'some people.'

@coinbase does have native tokens (but not for Terra, though, d-mnit), including $ALGO, $SOL, and $ATOM. I'll choose $SOL to transport my money.

So, let's buy some $SOL!

Okay, two things:

1. Reeee! Buying coin during a downturn! What a great way to bleed money during these transactions! 🤢🤮
2. @coinbase is not shy about taking their cut: $7.34 for a $500 purchase. At least they're up-front about it. Other CEX hide their fees.

Okay, $SOL purchased. Let's get it off this CEX as fast as we can, which is good advice for any token on any CEX, folks.

A token on a CEX? They own.

A token in your own wallet? You own.

#PSA #Evergreen 

I send my $SOL to @phantom for basically nothing: 0.00005 $SOL. 

Check the @phantom wallet. 

Yup, my $SOL is there, lightning fast. 

Now we go to a Solana DEX. I choose @MercurialFi. Swap to $UST from your $SOL (leave a bit to pay for transaction fees). Mercurial computes the best swap, mercurially. 😎 

Solana $UST: what does this mean?

Let's transport the $UST to Terra via the Wormhole: https://portalbridge.com/#/transfer ... which, again, this being Solana, costs next to nothing.

Just a tip for you Terrans. When it asks if you want to pay the transaction fee with $LUNA? Of course, choose the alternate: $UST.

Never, ever, never-never-never pay for anything with $LUNA. HODL $LUNA, don't PAY with $LUNA.

#PSA 

Checking our Terra wallet, we have the funds on the Terra blockchain. That was fast! So, for Terrans, we can stop here. YAY! You win! You have $UST on Terra!

Funding Harmony

For those Harmonauts out there, we take this one step further: infuse the Harmony blockchain with liquidity from Terra.

Ready?

Go to @anchor_protocol on the Terra blockchain, 

1. OPEN the dropdown menu, and 
2. SELECT the Terra Bridge.

On the Terra bridge, select:

1. (from) Terra
2. (to) Harmony
3. (currency) UST

Leave some $UST for gas.

Enter your wallet address (or mine, if you want to throw monay at me. D-mn, it feels good to be a gangsta!),

and BOOM! after a few moments, you have $UST in Harmony

You can use $UST in some places in Harmony (those places that accept $UST, hint, hint: @tranquil_fi: wen $UST???), but if you want to translate that to $ONE, the best DEXen for that SWAP is either @DefiKingdoms or @FuzzFinance, I've found. YMMV.

The. End.

20 e-coin recommendations for 2021-08-16

20 e-coin recommendations for 2021-08-16. A pastiche of buy and sell recommendations for today. We will be analyzing:

• buy: $WAVES
• sell: $DOGE, $LINK, $LUNA, $AAVE, $AXS, $ENJ, and $RVN
• mixed (buy- and sell): $ADA 

For the buy-recommendations: $WAVES, and, on binance: $ONE ... but first, $WAVES. Really no price movement here to call it. PASS. 

For $ONE, ... no doubt it has gains, but the price is not trending in either direction. PASS. 

Sell-recommendation $DOGE: if anything, with buy-pressure and a rising price-trend, this should be a buy, not sell. HODL. 

$LINK sell-recommendation. Same as $DOGE: buy-pressure and an upward price trend means buy, not sell. HODL.

$LUNA sell-recommendation. I think it's reasonable to say that I won't be selling $LUNA with charts like these. I think I may just BUY myself some $LUNA, in fact. 

$AAVE sell-recommendation. Sell-pressure, but fluctuating/rising price. HODL. 

$AXS sell-recommendation. The near-term (1-day) chart looks bumpy, but buy-pressure and the 1-week steady price say HODL. 

$ENJ sell-recommendation. There is sell-pressure, to be sure, and a decrease in price, today, but the price is trending up over the week. Eh. Sell? Maybe?

$RVN sell-recommendation. Nupe. The price is holding steady over time. Has the $RVN-renaissance come to an end? I'll wait and see. HODL. 

Finally, the mixed-recommendation (both buy- and sell-indicators): $ADA. Strong buy-pressure, but falling price-trend today makes this a HODL for now. 

From the above analyses, we have the following calls:

BUY: $DOGE (recurring $50 purchase today), $ADA, $LINK, and $LUNA

SELL: $ENJ

• $100 $ENJ -> $LINK
• $114 $ENJ -> $ADA
• 11.45 $UST -> $MIR
• 61.41 $UST -> $LUNA

The day-after results were mostly hits, but the misses? O, my goodness! Good thing I bought (not sold) $LUNA and held (not sold) $AXS, but seeing one-day double-digit percentage price-gains! 

Day-after results. Coin conversions of $614 let to a realized gain of $82.72, or 13% gain of conversion over if I had held.

Dirty Harry asks: "Are ya feelin' lucky, punk?"

And I answer: "Yes. Yes, I am." 😎