Let's do the ETHBTC-THANG!
WHOO, BOY! $ETH and $BTC are waking up from their slumber, mayhap!
I record the { $ADA, $INDY }-prices from @Indigo_protocol, the $SNEK price from @MinswapDEX, and the { $ETH, $BTC }-prices from @Levana_protocol
EMA20s say swap { $ETH, $BTC } -> $ADA
I'm not swapping { $ETH, $BTC } to $ADA as @Indigo_protocol is my ETHBTC-HODL portfolio.
However, let's consult the { $ADA, $ETH, $BTC }-calculator.
It says to buy $ADA with $iUSD, so: let's do that.
Now, let's take a step back. I've been buying (and buying) $ADA from $iUSD over time, and at a 20% - 30% premium at that! (ugh?)
How do I know this approach is working?
Because I measure.
My portfolio value today is higher now, with those buys, that it would be if I didn't.
The FRIST! thing I do is to harvest the $INDY-yields, then I swap those yields to $ADA. That takes care of ~50 $ADA that I'm 'buying' with the $iUSD.
One day, my $INDY-yields will just straight up buy all the $ADA for the daily swap. That'll be sweet!
But that day is not today, so: I withdraw $iUSD from the staked position and swap that to $ADA.
HUZZAH!
Am I done with @Cardano then?
Let's see.
Let's examine $SNEK.
According to the SNEK/USD EMA20, $SNEK is a good sell now, BUT according to the SNEK/ADA EMA20, $SNEK is a bargain-buy with $ADA.
What does this mean? It means that, even though $SNEK is up, it's still a bargain.
With that analysis, I swap 10% of my $ADA for $SNEK, using $SNEK as a pivot to arb my $ADA. When $SNEK skies, relative to $ADA, I'll swap the $SNEK back to $ADA.
This is a long-play, folks.
And please note, I'm arb'n $ADA, not because I'm in love with $ADA-qua-$ADA, but because it's the medium of exchange on @Cardano that I use to grow my $iETH- and $iBTC-staked positions on @Indigo_protocol.
2024-02-14 Indigo portfolio
incept date: 2023-07-27
0.01228 $iBTC: $640.56
0.7103 $iETH: $1,996.20
2,242.29 $iUSD: $2,242.29
1121 $ADA: $652.33
182971 $SNEK $210.77
total fees $79.97
total yields $663.91
net yields $583.95
23.63% APY
invested: $4,465.58
value: $5,742.16
ROI: 28.59% / 51.65% APR
Let's look at $ETH, $BTC, and ETH/BTC.
Unless you've been hiding under a rock, you won't be surprised to hear both $ETH and $BTC have skied of late, making great SELL-opportunities for both.
HOWEVER, ETH/BTC EMA20 shows that they've skied proportionately, making any trade even.
But a sky of $ETH or $BTC (or, in this case, both) is a good indicator to check on my @NolusProtocol $ETH-lease, and at a $20-gain, this looks like a good repay-point for me.
I'm OFT! to do a HOWTO video on repaying a Nolus-lease to acquire the leased-asset.
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