Let's do the ETHBTC-THANG!
First, I record $BTC and $ETH prices from @osmosiszone
2023-08-31 ETHBTC-THANG! Day 95
The ETHBTC-THANG!
- no swap; no EMA-ratio δ
After swap:
ETH: 4.44551 BTC: 0.0705
Total: $9,171.31 TVL EMA-20: $9,407.87
n.b.: TVL EMA-20 indicates that ETHBTC, itself, is undervalued.
ROI: 5.33% APR: 20.48%
Now today is a good day, because:
"TVL EMA-20 indicates that ETHBTC, itself, is undervalued."
Which means I get to buy and to stake liquidity on @Indigo_protocol.
But $iBTC? or $iETH?
It's too close to call, so WAT DO?
I invest in the one I have less of.
Today, that's $iBTC.
I swap $ADA (that I transferred to @Cardano a few days ago) to $iBTC, then stake it into the @Indigo_protocol stability pool.
I don't collect the $INDY-yields, as there are not yet $10-worth.
2023-08-31 Indigo portfolio
Basis: $1,499.34
$iBTC: 0.010424 $269.38
$iETH: 0.583878 $965.40
$iUSD: 0 $0.00
value: $1,234.78
total fees $17.493
total yields $16.617
net gain/loss -$0.876
APY -0.66%
ROI: -17.70%
APR: -184.62%
Thus endeð the ETHBTC-THANG! for today.
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