Yesterday, I had an interesting problem on @TeamKujira blockchain.
88 $ATOM came my way.
Wat do?
Arb $ATOM. The thing is, arb'n $ATOM is fine, but $stATOM also has its uses.
How to get $stATOM?
Three ways:
- trade on FIN.
- mint on @stride_zone
- swap on @osmosiszone
So, I decided to arb half-...ish my 88 $ATOM on the barometer @TeamKujira FIN board: KUJI/ATOM
The other half, I'll swap to $stATOM, but how? Which of the three ways is best?
My answer: I check each of the three ways, every time.
It turns out, the @osmosiszone swap was best this time, but one does not simply swap $ATOM on @TeamKujira on @osmosiszone.
One must do the following:
- Bridge $ATOM to @cosmos
- Bridge $ATOM to @osmosiszone
- swap to $stATOM
- Bridge to @stride_zone
- Bridge back.
The Terra station sees all @cosmos assets on all zones and labels them as such, so does KEPLR v 2.0.
I'm just wondering: is there a need for a protocol, kinda like @THORChain for CØSMOS, that lets you swap assets on any zone with anything?
That'd be sweet, fam.
That'd be sweet.
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