10 ATOM-arb, 2023-03-31

Let's do an $ATOM arb!

./vern, my main man, ./vern sez:

• ATOM,USK,LOCAL,KUJI,axlUSDC,ATOM

will get me 2.17%.

Let's do that!

I place the order, 

...and we're OFT! to the races!

Daily cryptocurrency income report, 2023-03-27 to 2023-03-29

Now let's examine the income sources around the Blockaverse. Here are the raw data of income, farmed and traded. 

Daily #cryptocurrency income report, 2023-03-27 to 2023-03-29: $90.34*

LOTS of trading on this income report, AND a perpetual popped, to boot.

Lots of work: good work.

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

Valuation, Kujira portfolio: 2023-03-31

Valuation, Kujira portfolio: 2023-03-31

invested: $13,266.22

value: $13,246.32

net gain: -$19.90

ROI: -0.15%

staked: $742.02

wallet: $2,506.048

order book bids: $3,893.08

Supply: $4,607.40

Borrow: -$989.003

LPs: $2,266.77

ORCA liquidation Bids: $220.000

matches supply+stake: TRUE

matches LPs: TRUE

matches value: TRUE

total assets: $13,246.32

discrepancy: $0.00

PnL

Okay, just as forewarning, the PnL report is going to be a little bit ... 'weird'? Why? I have 30+ trades in this forthcoming report, but I didn't trade in the past couple of days, so I feel like I haven't traded enough, but then I've traded a lot, compared to most?

It's weird.

@TeamKujira FIN order books: 2023-03-23 to 2023-03-29

Profit: $349.953

Loss: $326.475

subtotal: $23.478

fees: $0.005

commission: $3.296

total costs: $3.301

Total profit (or loss): $20.177 on 44 trades

average: $0.459 per trade

3 liquidations at a 9.08% premium (avg)

pnl sources

Assets in play

Kujira Positions report

staked, supplied, provisioned, @TeamKujira 2023-03-31

Staked and supplied assets UP 8.41%

LP positions DOWN 8.87%

total positions:

$7,328.07 invested

$7,530.70 value

UP 2.77%

Top 11 FIN order books by volume, 2023-03-31

Top 11 FIN order books by volume, 2023-03-31

 

1. axlUSDC/USK,$35.42K
2. KUJI/USK,$31.10K
3. KUJI/axlUSDC,$25.78K
4. ATOM/USK,$8.03K
5. ATOM/axlUSDC,$7.19K
6. KUJI/LOCAL,$6.87K
7. STRD/USK,$5.81K
8. WHALE/USK,$5.31K
9. LUNA/USK,$3.17K
10. LUNA/axlUSDC,$1.49K
11. GRAV/USK,$1.18K

Report generated by ./top_order_books

Morning Ritual: a pensée

Every morning I have a ritual*

*ritual, n.: a routine one does to keep one's sanity

I compute the market prices.

I look at $FTM's price.

I ask myself: "What went wrong? Why is $FTM not $200-per, as per @purp_eth?"

"...nor $60-per, as per @HelderJVasquez?" 

Then I realize why:

Today is just another day, an ordinary day.

Folks, my wish for you, today, is that you DON'T have an ordinary day, but that you MAKE your day extraordinary, as @purp_eth and @HelderJVasquez do.

Whither cGLP?-contest, day 30/30, 2023-03-30

Whither $cGLP?-#contest, day 30/30, 2023-03-30:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): 1.57%
• @0xcarbon @demexchange, start: $961.13, gain (or loss): 2.90%

APR δ: 16.18% , which means final $cGPL: LOST!

Analysis

$cGLP certainly banged out of the gate with its incentives for both supply and the LP, but those dried up very quickly. $GLP's slow but steady prevailed for this contest.

I'll be reaching out to contest participants and reviewing their results over the next 2 days, as per the contest rules.

Rust pop-quiz answer: unique arbitration paths

./vern! my main man, ./vern just got another upgrade: unique arb-paths.

./vern. The ./vern abides. 

This pop-quiz answer is in response to the same pop-quiz [question].

stOSMO-Loop, stOSMO-LP on COSMOS

The stOSMO-OSMO pool.

• earns 45% incentive on @demexchange, $120 24h-volume

• earns 75% $STRD and $OSMO incentive on @osmosiszone, quite a bit more 24h-volume

I'm unstaking my @demexchange stOSMO-OSMO LP.

The stOSMO/OSMO-loop value-proposition: borrows.

• $OSMO, 5.61% on @Umee_CrossChain 

• $OSMO, 12.47% on @demexchange 

I am establishing the stOSMO/OSMO-loop on @Umee_CrossChain. I already closed those positions on @demexchange a long time ago when borrow rates became unreasonable.

From the closed LP on @demexchange I converted all the $OSMO to $stOSMO on @stride_zone.

I transfer that $stOSMO to @Umee_CrossChain 

and fortify my $stOSMO supply, parse que c'est formidable, pas fort minable! 

asdf

Whither arb'd KUJI?

Okay, so I've arbed $KUJI twice, for a total gain of 74 $KUJI on 1,500 $KUJI arb'd.

Not bad.

BUT HAVE I ARBED (yes) ... $KUJI??? (yes?)

Yes, I have.

But $KUJI is money, and money is a means of exchange, so that means I can buy anything that's for sale, ...

including $USK.

"What's the best way to get $USK from $KUJI?" you may ask.

Let's ask ./vern, my main man, ./vern: 

./vern, my main man, ./vern sez

• KUJI,axlUSDC,ATOM,KUJI,USK

To translate: "Arb the $KUJI first, then swap."

Okay, a bit convoluted, I grant you, but it's the most efficacious route.

«En y va!» as the French (don't) say.

We're OFT! to the races. I place my first order in this 'buy $USK from $KUJI'-adventure.

• 2023-03-28 placed: 74 KUJI -> _ axlUSDC, SELL at 0.424

What does this illustrate?

./vern can be used for ANY (FIN) trade, because all-isomorphic-paths (or all arbs) include all possible trade-paths as a subset, and ./vern finds efficacy there.

Why buy anything for anything other than the best price? ./vern helps with that.

Thank you, ./vern, my main man, ./vern!

./vern ... constructed from first principals by simply following the quizzes.  

Whither $cGLP?-#contest, day 27/30, 2023-03-27

For the "Whither $cGLP?"-#contest today, we FINNA have yields on @GMX_IO  🎉🎉🎉

So, I collect them, 

swap half the $ETH-yields to $GMX on @matchaxyz, 

then stake on @GMX_IO.

For purchasing $GLP, the lowest fees are with $USDT, but the slippage to $USDT gives me LESS $GLP than if I just simply bought with $ETH.

So, that's what I do: I buy $GLP with $ETH on @GMX_IO. 

My positions on @gmx_io settle to the following.

Whither $cGLP?-#contest, day 27/30, 2023-03-27:

• @arbitrum @GMX_IO, start: $973.37 , gain (or loss): 1.41%
• @0xcarbon @demexchange, start: $961.13 , gain (or loss): 1.65%

Current APR δ: 3.23%, which means $cGPL is so far: LOSING!

The yields collected today put @GMX_IO on the WINNING!-side.

Kujira BOW LP-efficacy: an analysis

My MARS/axlUSDC sell-order hit on @TeamKujira FIN, for the purpose of funding the MARS-axlUSDC LP on BOW.

But.

I said I was going to study the efficacy of the BOW LPs. Are they growing on trade volumes?

BTW, what defining-curve does this chart illustrate?

My study revealed the following.

I, as a liquidity provider, have seen 0 growth of the LPs.

Since day 1 that I've provided liquidity.

This is gravely concerning to me.

Not only are LPs not growing on trading volume, but, do you see the 3 red lines (OT)?

These denote three LPs that have simply vanished from BOW.

I've submitted a ticket, but this is the fourth ticket, for a total of 6 LPs, that I've submitted.

This is gravely concerning to me.

Not only this, but LPs comprise 20% of my Kujira-portfolio, 

and are the major drag on that portfolio, down, now 8%. 

This is atrocious performance for a component that's supposed to ACCUMULATE liquidity.

This is gravely concerning to me.

Given this direct observation that LP tokens DO NOT increase on order book-volume, the ONLY incentive for @TeamKujira BOW LPs are ... the incentives.*

Most of which have dried up.

*or if you're hedging A on a massive B deflation, but I'm not talking specific power-plays here.

Now, there's a reply to my concern on discord (thank you, Hans, from @TeamKujira).

But I do not see BOW LPs as a viable part of my Kujira-portfolio: they are far too buggy, 'disappearing' liquidity too often, requiring I SUBMIT TICKETS TO RECOVER FUNDS!??!?

THIS IS A REAL COST!

Furthermore, 'size of pool growth' benefits the liquidity provider, ... how?

I provide x tokens a month ago, I withdraw x tokens today, AMM-adjusted I see 0% APR.

For all BOW LPs.

Consequently, I'm withdrawing all liquidity from BOW.

I would

LOVE

to hear your success stories of investing in BOW LPs, with measurable proof of your successes.

I, however, have measures that show me that BOW LPs are not for me.

500 KUJI-arb, 2023-03-27

New arb on @TeamKujira FIN KUJI/axlUSDC order book.

• KUJI,axlUSDC,(ATOM),USK,KUJI

I SELL 500 $KUJI

Let's get this ball rollin'! 

Ope!

We're back in business!

./vern, my main man, ./vern recommends a détour via ATOM, 

so OFT! we place a buy-order on ATOM/axlUSDC order book. 

The ATOM/USK sell-order hit on the $KUJI-arb.

Now, ./vern, my main man, ./vern recommends a route back via the $ATOM-order books, but only for a gain of 1 $KUJI over just buying the $KUJI now.

So, I place an order on the KUJI/USK order book right away to close out this arb.

TADA! 🎉

The buy-order on the @TeamKujira FIN KUJI/USK order book hit for 513 $KUJI. 

Arb: FINITO!

2023-03-24: 500 -> 2023-03-28 513.1327 $KUJI

ROI: 2.63%

959% APR

Top 10 FIN order books by volume, 2023-03-27

Top 10 FIN order books by volume, 2023-03-27

 

1. axlUSDC/USK,$94.86K
2. KUJI/axlUSDC,$45.73K
3. ATOM/axlUSDC,$22.81K
4. KUJI/USK,$14.81K
5. ATOM/USK,$7.16K
6. KUJI/LOCAL,$4.82K
7. STARS/USK,$1.75K
8. KUJI/ATOM,$1.65K
9. PAXG/USK,$1.20K
10. LUNA/USK,$1.10K

Report generated by ./top_order_books

Analysis

This report is saying something significant. Can you look at the donut-chart above (okay, you kids: stop giggling for a second and PAY ATTENTION!), it says something very clearly.

What does it say?

Formulate your own answer before you continue.

Observations

• Today, significantly, ONE order book is half the volume of all FIN.
• Today, significantly, ONLY THREE order books are 80% of FIN volume.

Consequence

WHICH MEANS THIS: if you're trading anything other than $KUJI, $ATOM, $axlUSDC, or $USK, and you're not matching specific bids or asks: good luck.

Top 5 LPs on @TeamKujira BOW, 2023-03-27

Top 5 LPs on @TeamKujira BOW by volume, 2023-03-27

 

1. axlUSDC/USK,$721476.188,0%,25%
2. KUJI/USK,$453487.375,0%,38%
3. KUJI/ATOM,$267584.906,0%,9%
4. KUJI/axlUSDC,$204986.016,0%,11%
5. gPAXG/USK,$156628.062,0%,22%

Showing all LPs with $100k+ volume

Top 5 LPs on @TeamKujira BOW by APR(combined), 2023-03-27

 

1. CNTO/USK,$3528.420,0%,251%
2. GRAV/USK,$14446.940,0%,164%
3. wTAO/axlUSDC,$7420.030,0%,95%
4. LOOP/USK,$1727.810,0%,86%
5. SWTH/USK,$10669.740,0%,83%

Showing all LPs with 100%+ APR/APY

Ixnay on the APR(21 day trading) column, so:
Ixnay on the APR(21 day trading) report.

So it goes.

Report generated by ./lps

Whither $cGLP?-#contest, day 24/30, 2023-03-24

Whither $cGLP?-#contest, day 24/30, 2023-03-24:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): 0.28%
• @0xcarbon @demexchange, start: $961.13, gain (or loss): 2.33%

Current APR δ: 31.20%, which means $cGPL is so far: WINNING!

Top 13 FIN order books by volume, 2023-03-24

Top 13 FIN order books by volume, 2023-03-24

 

1. KUJI/axlUSDC,$42.53K
2. axlUSDC/USK,$34.38K
3. ATOM/axlUSDC,$22.75K
4. KUJI/USK,$19.07K
5. ATOM/USK,$9.56K
6. KUJI/LOCAL,$6.50K
7. WHALE/USK,$3.36K
8. PAXG/axlUSDC,$2.55K
9. TAO/USK,$1.98K
10. LUNA/axlUSDC,$1.91K
11. KUJI/ATOM,$1.71K
12. SCRT/axlUSDC,$1.63K
13. LUNA/USK,$1.21K

Report generated by ./top_order_books

Top 5 LPs on @TeamKujira BOW, 2023-03-24

Top 5 LPs on @TeamKujira BOW by volume, 2023-03-24

 

1. axlUSDC/USK,$727527.562,0%,25%
2. KUJI/USK,$397849.406,0%,44%
3. KUJI/ATOM,$257602.406,0%,9%
4. KUJI/axlUSDC,$204259.250,0%,11%
5. gPAXG/USK,$159564.094,0%,22%

Showing all LPs with $100k+ volume

Top 5 LPs on @TeamKujira BOW by APR(combined), 2023-03-24

 

1. CNTO/USK,$3649.740,0%,241%
2. GRAV/USK,$14428.690,0%,164%
3. wTAO/axlUSDC,$6955.070,0%,101%
4. LOOP/USK,$1752.730,0%,85%
5. SWTH/USK,$10811.750,0%,81%

Showing all LPs with 100%+ APR/APY

APR(21 day trading): no werkin'
me: no reportin' 😎

Report generated by ./lps

Daily cryptocurrency income report, 2023-03-20-2023-03-23

I realize, only this morning, that, although I marshalled all the data for yesterday's #cryptocurrency income report, I didn't actually REPORT yesterday's cryptocurrency income report.

Here are the marshalled data for that report. 

Daily #cryptocurrency income report, 2023-03-20-2023-03-23: $117.30 *

Yeah, only ... [counts] ... 26 transfers of liquidity all over the blessed blockaverse, and 2 $BTC nosedives, but okay.

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