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
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