2024-02-06 ETHBTC-THANG! Day 254

Let's do the ETHBTC-THANG!

I record the $ADA price from @Indigo_protocol and the $ETH and $BTC prices from @Levana_protocol, using @PythNetwork as their price oracles.

The EMA20 indicators show { $ETH, $BTC } -> $ADA swap is now favorable.

I won't do that swap, BUT! ...

 The ADA/USD EMA20 indicator now show a buy-signal for $ADA. 

Let's see what my { $ADA, $ETH, $BTC }-calculator says.

The { $ADA, $BTC, $ETH }-calculator says $120 -> $ADA.

Let's do that, taking into account the $INDY- and $ADA-yields as well. 

First up, I claim the $INDY-yields and swap them to $ADA. 

Then, I factor in the 25% swap-rate (OUCH!) from $iUSD to $ADA to compute how much to withdraw from my $iUSD-stake: $103.02.

I do that, then swap the $iUSD to $ADA.

I keep the $ADA in reserve for when the EMA20 indicators show a $ADA -> { $ETH, $BTC }-swap to be favorable.

2024-02-06 Indigo portfolio

incept date: 2023-07-27

0.01228 $iBTC: $530.61

0.7104 $iETH: $1,692.22

2,540.23 $iUSD: $2,540.23

1019 $ADA: $509.30

total fees $67.85

total yields $635.29

net yields $567.44

23.91% APY

invested: $4,465.58

value: $5,272.36

ROI: 6.66% / 12.53% APR

2024-02-06 ETHBTC-THANG! Day 254

The ETHBTC-THANG! 

• no swap; no EMA-ratio δ

ETH: 1.94127 / BTC: -0.0438

Total: $4,624.45 / TVL EMA-20: $4,624.45

n.b.: TVL EMA-20 indicates that ETHBTC, itself, is cruising!

ROI: -33.02% / -47.64% APR

(No) Trading (?)

So, neither the BTC/USD- nor the ETH/USD-EMA20 indicators are BUY (they are both strong, even leveraged, sell), ...

... and I don't know if I want to short either, ever, unless there's a δneutral short-farm, à la @mirror_protocol, ...

But I did BUY $axlUSDC from $USK (as reserve to close the $ETH lease on @NolusProtocol) at 1.0-per, and now look at the ratio: 1.0055-per!

Do you know what that means?

That means, if I simply sell the $axlUSDC back, I make $1.40 on the buy-sell arbitrage.

NEAT! 

Plays

Speaking of @NolusProtocol leases, let's take a look at my $ETH-lease.

I leased $ETH at a price-point of $2,313.38. That means, if I repay the lease right now I make 2% ROI.

nbd.

But here's the big deal: the materialized net APR AFTER FEES would be 161%!!! 🎉🎉🎉

Vision

AM I GOING to repay the lease now?

Nah.

It's only a $2 gain on $100 investment. I'm going to wait for $ETH's price-appreciation to push the realized gain past $10 on my investment, realizing even more.

Why? Even though $ETH is now 'overpriced' according to the ETH/USD EMA20 indicator, my self-regulation on leases is to make at least 10% when I repay it. This self-regulation stops me from microtrading all day for a pittance. I may not realize a short-term gain, but I can wait.

It's good to have investment vision for your portfolios. I'm not in the ETHBTC-THANG! to check prices every 3 seconds. No, I'm in the ETHBTC-THANG! to build wealth over decades.

I won't make $2 repaying the lease now. That's fine: I'm in this portfolio to build long-term wealth.

Speaking of "BUIDL'n long-term wealth," ...

• @Indigo_protocol: wen $iAU or $iPAXG?
• @NolusProtocol: wen $gPAXG?

#gold #InflationHedge