Wednesday, June 1, 2022

TIL I am a trader sometimes

Folks, on @mirror_protocol, $mGLXY doubled, so I'm swapping it out to make 2x on my 500 $UST purchase.

SWAP 6862.581027 $mGLXY -> 1020.347707 $UST


TIL I'm a trader sometimes.

I am also 
  • unstaking my $mGLXY-UST LP and 
  • swapping the $mGLXY for $UST.

The LP was making a good 800+%, but I can get 2x the invested $UST back and use that to invest in δneutral farms earning 1000+%.

SWAP 5,277.927747 $mGLXY -> 773.959947 $USTC

So, on a total of 1,035 $USTC swapped for $mGLXY, I earned 

  • 1,699.67 $USTC from the swap-back and 
  • 277.91 $USTC from the LP gains

for a total of 1,977.58 $USTC (gross), almost 2x gain overall.

NOICE!

It's not the 5x gain from my last $mGLXY trade, but that was a really lucky trade, catching a price-spike just as it was vanishing. 

I am SO NOT complaining about this 2x gain, nosiree, Bob! 😎

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