Arbitrum Protocols 2023-02-28

Now, let's look at @arbitrum.

Arbitrum's going to be interesting. Not because of what's going on in Arbitrum, interesting as that is, but because what's related going on in @demexchange.

What's going on there?

My SWTH/ETH buy-order popped, 

...so we're converting ETH->SWTH->ETH.

So, first we transfer the $SWTH (from $ETH) tokens to @arbitrum. 

Then swap the $SWTH to $ETH on @KyberNetwork.

So, I swapped $ETH(Ethereum) to $ETH(arbitrum)

Now I need this $ETH for 2 purposes:

1. 0.2 $ETH to provide to the LP (hedge).
2. The rest as $wstETH to supply to Nitro and the LP (hedge)
3. 0.1 $ETH as gas for Arbitrum, eheh. 😅

To this end, I swap 0.08 $ETH to $wstETH, then transfer the $wstETH and 0.02 $ETH to @demexchange, leaving 0.01 $ETH on @arbitrum. 

Now that I have the ETH-y assets on @demexchange, let's first provide liquidity to the wstETH-ETH LP.

I also stake and lock it for 1 month to earn 27% APY on this stable LP. 

27% on $ETH. That, right there, is sweet! 

Now I supply the $wstETH to Nitron, 

...and that puts me in a quandary.

The $ETH borrowed is 'Ethereum'-$ETH as opposed to 'Arbitrum'-$ETH, rendering it a slip-happy, money-draining, useless pile of ...

$ETH.

$ETH is an euphemism for something else here.

So, one option is to get the slippery $ETH, swap it to $SWTH (slip, slip, slip), pay a SIGNIFICANT fee to transfer that $SWTH to @arbitrum.

Then, slip a lot in the trade to $ETH.

Ugh.

But you know what's even worse?

"Oh, you don't have to import $USDC from @ethereum! You can use $axlUSDC in this unified $USD we have!"

Two weeks. Two weeks of my money disappearing, perpetual boards not working, perpetual boards STILL not working after they said 'try it now!'

You know what's worse?

What's worse is being a β-tester of their α-code deployed to production, putting my money and my time at risk.

"Unified $ETH"? If it's as unified as the '$USD' is(n't), then, no, thank you. I'll let somebody else β-test that functionality this time.

You know what's even worse?

"We should have this functionality up ... SOON!"

'Soon' is a calendar date that doesn't exist. 'Soon' is a promise that is easy to break, like hearts. 'Soon' is never, EVER soon.

So if I wait for this new 'unified $ETH' that's coming ... SOON! Will I wait forever?

Possibly.

ETH is ETH is ETH is ETH is ETH. USDC is USDC is USDC is USDC is USDC.

If you establish a cross-chain DEX and money market, and you don't have the above?

You don't have a cross chain anything. You have Thor chain: a bunch of chains in different bins with a front-end pretext.

Yeah.

I'm going to let this sit for a day. Maybe they'll have 'unified $ETH' out by then, so I can borrow and not go off-token and off-chain just to come back with the 'right' $ETH. Or maybe, tomorrow, I'll be chill with slippin' up an Ethereum slip-storm to swap ETH to ETH smh.

Arbitrum Protocols 2023-02-28

invested: $1,895.50

value: $1,928.29

ROI: 1.73%

Valuation, Optimism by Protocol: 2023-02-28

OFT! to @optimismFND!

The first thing to notice is that on @Alpha_HomoraV2, the supply-APYs for $DAI and $OP are both above 10%

... otherwise: we good on @optimismFND.

Let's run the daily report.

Valuation, Optimism by Protocol: 2023-02-28

Invested: $661.82

value: $719.23

ROI: 8.67%

Daily Fantom Blockchain position report, 2023-02-28

A quick check-in on @FantomFDN. I vested some $GEIST on @GeistFinance (and checked to ensure the $CRV borrow rate has fallen significantly; 

... it has). Otherwise the chain is quiet.

Daily Granary Finance report.

Let's do the @FantomFDN daily report.

Daily Fantom Blockchain position report, 2023-02-28

invested: $28,419.40

valuation: $28,440.84

ROI: 0.08%

2023-02-28 Granary Finance sFTMX loop

2023-02-28 @GranaryFinance $sFTMX loop

incept date 2023-02-01
sFTMX leverage: 39575.15
sFTMX factor: 1.0795
FTM borrow: -29,533.412
net FTM: 13,187.967
net FTM δ: 238.796
days in market: 27

APR: 24.48%
APY: 5.48%

With $SD at $1.24 and $OATH at $0.21 that is $1.49 collected/day. 

Daily $FTM @GranaryFinance gain report, 2023-02-28

Did we gain?

Answer for today, yes: net 1.9270 $FTM gained

Total $FTM gained since incept date: 238.796
8.84 $FTM gained/day (average).

This $sFTMX loop is hedged with "Lock, staked and two smoking Fantoms"-LP on @beethoven_x, per the Looped Liquid staking-article.

Net Avalanche positions: 2023-02-28

Oh, just LOOK at the time!

What time is it? *checks wall-clock.

IT'S YIELD-FARMIN' TIME!

FRIST, let's go to @avalancheavax, as there're yields on @GMX_IO to compound.

With the $AVAX-yields, I reinvest them, as well, swapping half for $GMX on @traderjoe_xyz, then staking on @GMX_IO  ...

Buying $GLP is a wee-bit more complicated, as the lowest-fee token is $USDC.e.

Not a problem.

I swap the $AVAX-yield to $USDC.e on @KyberNetwork, then purchase the $GLP with that.

 

My @avalancheavax @GMX_IO positions settle thus(ly):

50%+ ROI is verra nize, indeed, and is my best performer on @avalancheavax! 😎

We now can do the daily @avalancheavax report

Net Avalanche positions: 2023-02-28

invested: $46,395.83

valuation: $47,143.24

ROI: 2.05%

Investment by Blockchain: 2023-02-28

Investment by Blockchain: 2023-02-28

invested: $98,039.87

value: $100,455.90

ROI: 2.46%

bar chart of protocols generated with ./bar 

Daily #cryptocurrency income report, 2023-02-27

Daily #cryptocurrency income report, 2023-02-27: $146.66*

All this accounted-for income was auto(magic)ally generated by yields. So, I made money while exploring the Blockaverse for ways to make money.

Pretty cool

*does not include auto-restaked yields nor s- nor x-token gains

Top 18 FIN order books by volume, 2023-02-28

Top 18 FIN order books by volume, 2023-02-28

 

1. axlUSDC/USK,$126.83K
2. KUJI/axlUSDC,$107.27K
3. ATOM/axlUSDC,$54.19K
4. ATOM/USK,$24.56K
5. KUJI/USK,$21.23K
6. MARS/axlUSDC,$6.91K
7. PAXG/axlUSDC,$5.17K
8. KUJI/ATOM,$4.77K
9. WHALE/USK,$4.12K
10. KUJI/LOCAL,$3.87K
11. LUNA/axlUSDC,$3.39K
12. OSMO/axlUSDC,$3.18K
13. LUNA/USK,$3.16K
14. MARS/USK,$2.72K
15. CNTO/USK,$2.67K
16. DOT/USK,$1.52K
17. PAXG/USK,$1.29K
18. DOT/axlUSDC,$1.16K

Report generated by ./top_order_books

Top 5 LPs on @TeamKujira BOW, 2023-02-28

Top 5 LPs on @TeamKujira BOW by volume, 2023-02-28

 

1. axlUSDC/USK,$704190.125,2.98%,43.41%
2. KUJI/ATOM,$336881.031,11.43%,24.00%
3. KUJI/USK,$332718.062,7.39%,87.09%
4. KUJI/axlUSDC,$246851.641,4.84%,24.57%
5. ATOM/USK,$166386.453,16.95%,40.94%

Showing all LPs with $100k+ volume

Top 5 LPs on @TeamKujira BOW by APR(combined), 2023-02-28

 

1. INJ/USK,$1010.150,0.00%,1120.30%
2. LOOP/USK,$2906.520,5.51%,195.81%
3. WHALE/USK,$9063.080,0.00%,184.74%
4. AQUA/USK,$6835.550,172.85%,172.85%
5. CNTO/USK,$8702.770,0.00%,130.03%

Showing all LPs with 100%+ APR/APY

You see that the sort-order for APR(combined) is wrong, again, particularly where APR(21 day trading) exists.

So, the good news is: APR(21 day trading) works now.

So: yay?

Top 5 LPs on @TeamKujira BOW by APR(21 Day Trading), 2023-02-28

 

1. AQUA/USK,$6835.550,172.85%,172.85%
2. KUJI/LUNA,$18331.400,20.49%,20.49%
3. MARS/USK,$35396.801,19.39%,91.19%
4. ATOM/USK,$166386.453,16.95%,40.94%
5. KUJI/ATOM,$336881.031,11.43%,24.00%

Report generated by ./lps

Valuation, Kujira portfolio: 2023-02-28

Valuation, Kujira portfolio: 2023-02-28

invested: $16,109.46

value: $17,063.12

net gain: $953.66

ROI: 5.92%

staked: $967.25

wallet: $5,264.501

order book bids: $4,738.32

Supply: $3,103.24

Borrow: -$740.557

LPs: $3,551.446

ORCA liquidation Bids: $178.926

matches supply+stake: TRUE

matches LPs: TRUE

matches value: TRUE

total assets: $17,063.12

discrepancy: $0.00

PnL

@TeamKujira FIN order books: 2023-02-27

Profit: $0.000

Loss: $10.933

subtotal: -$10.933

fees: $0.001

commission: $0.049

total costs: $0.050

Total profit (or loss): -$10.983 on 4 trades

average: -$2.746 per trade

pnl sources

Assets in play

Kujira Positions report

staked, supplied, provisioned, @TeamKujira 2023-02-28

Staked and supplied assets UP 10.86%

LP positions DOWN 0.80%

total positions:

$7,251.85 invested

$7,621.929 value

UP 5.10%