KUJIRATORIANS! How would you like to materialize $KUJI, out of thin air?
Why do I say this? Look at the rate for borrowing $KUJI right now:
2% APR.
Can I get a better return from the borrowed $KUJI?
Yes, I can, ... in my sleep.
LITERALLY! 😤😴
How?
Let's explore how.
First of all, to arb $KUJI, we should have $KUJI.
Chicken and egg problem? Not at all.
How I get $KUJI is I 'unlend' 500 $USK from Ghost, then, on Ghost, borrow 200 $KUJI using that 500 $USK as collateral.
Borrow vs. Buy
I can also buy the $KUJI outright, but then I lose some $USK. I choose to borrow for two reasons:
- I want to keep ALLES my $USK after this arb completes.
- The borrow rate, at 2% APR, is so frikk'n low, that I think I can arb more $KUJI than payback in borrow.
Okay, so! Now we have 200 $KUJI, where should I arb it?
My experience is that KUJI/ATOM and KUJI/LUNA are best.
Why? Because: http://logicalgraphs.blogspot.com/2023/05/kujira-fin-barometers.html
So, I have two (wonderful) options, which one do I choose?
If you know me, you know my answer: both.
I arb 100 $KUJI in each.
And, BOOM! 💥 EVEN AS I WAS WRITING THIS!
The sell-order hit on KUJI/ATOM. I claim the $ATOM and put a buy-order in, eyeing the completion of this arb.
I track my trades on my blog here.
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