Logical Graphs LLC: 2024-02-17 Kujira ORCA liquidation bid-review

Saturday, February 17, 2024

2024-02-17 Kujira ORCA liquidation bid-review

I had no @TeamKujira ORCA liquidation bids hit.

Am I disappointed? Yes

Do I know what to do? Yes: I review each liquidation bid and rebid it appropriate to its liquidation market.

ALSO: with the resized collateral, I bid $KUJI with $xUSK that I get by depositing $USK into Ghost.

I see there's some activity in the KUJI/xLUNA @TeamKujira ORCA marketplace that looks interesting to me.

I pull some $LUNA over from my main addy, deposit it into Ghost, then bid $KUJI with $xLUNA on ORCA.

Similarly, I've never consider the stable markets on @TeamKujira ORCA before, but I see that the USK/xKUJI and USDC/xKUJI markets are active there, so I send some $KUJI from my main addy, deposit that to Ghost, which I then use to bid in those stable markets on ORCA.

Speaking of stables, ...

With the liquidity from redistributed bids on @TeamKujira ORCA, I have $USK on hand. I swap to other stables: $USDC and $axlUSDC to bid on liquidated $KUJI (as my report says $KUJI is le token de guerre on ORCA these days).

I lend both to Ghost.

With the stable coins lent to Ghost, I bid on liquidated $KUJI on @TeamKujira ORCA.

One more thing.

I have some $USK remaining. I could deposit it into Ghost for an $xUSK bid on $KUJI, but I already have one.

Instead, I see the stable USK/xSTARS market on @TeamKujira ORCA. So, I burn some $USK against my $STARS mint on BLUE, lend the $STARS then bid on $USK.