2024-03-10 ETHBTC HODL report

Next: @Cardano, which is mostly focused on the ETHBTC HODL portfolio, managed by @Indigo_protocol.

So, I do the ETHBTC-THANG!, ... reading the current prices from @Levana_protocol. 

The EMA20 indicators are strong-sell, but I'm not doing that now.

The ETH/BTC EMA20 indicator is too close to call, 

so I'm not swapping one for the other.

Nah, not today. 

It's nice to see $ETH and $BTC so closely in synch. I'm looking forward to the eventual divergence to profit on the trade, either way.

There's more to @Cardano than @Indigo_protocol (SHOCKER!)

I also arbitrate $ADA using $SNEK as the pivot asset, so: I get the $ADA (and $INDY) prices from @Indigo_protocol and the $SNEK-price from @MinswapDEX. 

Both have strong-sell-to-USD signals from their EMA20 indicators. 

I am seldom interested in swapping a volatile to a stable.

• But look at the SNEK/ADA EMA20: strong sell.

• Look at my ADA -> SNEK swaps: I swapped 127 $ADA to 63.8k $SNEK

If I swap that $SNEK back, I get 178 $ADA

ROI: 34.47% / 405.80% APR

Holy schnitzels, folks: EMA20 WORKS!

Put another way,

• a month ago a swapped $67 worth or 127 $ADA to 63.8k $SNEK
• today, I swapped that $SNEK back to 178 $ADA, now worth $130.

I made ~$63 on a swap/swap-back of $67, or nearly 100% USD gain, folks.

My net $ADA gain is ~35% (ROI).

This is why I love arbitrage.

But WHY am I arb'n $ADA?

Fair question.

$ADA is the medium of exchange on @Cardano: I use $ADA to BUIDL my $iBTC and $iETH staked positions for the ETHBTC-THANG!

These staked positions generate income via $ADA and $INDY yields, and THAT'S why I'm arb'n teh $ADA'z: BUIDL my bags

Two things

1. @The_INDY_Man has a CDP-arb with $i-assets I need to look at; and,
2. I'll do my ETHBTC HODL / @Indigo_protocol portfolio report.

How about the { $ADA, $iBTC, $iETH }-calculator?

Well, it says "buy $ADA with both $iBTC and $iETH."

Since this is my ETHBTC HODL-portfolio, I'm not going to do that, thankyousoverymuch.

2024-03-10 ETHBTC HODL report

incept date: 2023-07-27

0.01225 $iBTC: $851.41

0.7101 $iETH: $2,781.55

2,242.14 $iUSD: $2,242.14

1010.850 $ADA: $724.78

281453 $SNEK $573.32

total fees $83.76

total yields $663.91

net yields $580.15

20.89% APY

invested: $4,465.58

value: $7,173.19

net gain/loss: $2,707.61

ROI: 60.63% / 97.49% APR

Analysis

So ...

... my ETHBTC HODL-approach seems to be working a-okay! 🙌😅