Avalanche portfolio 2024-05-10

Let's do the @avax-THANG!

A price-spike in $QI makes a SELL-call from the QI/AVAX-EMA20.

Let's see what comes out of the QI/AVAX arbitrage.

Arbitrage

First arbitrage:

1. I traded 9.5 $AVAX for 19330.6 $QI on 2024-03-30
2. I now trade back that $QI for 11.22 $AVAX

ROI: 17.52% 125.38% APR

... I'm going to keep trading until I re-reach parity or until my $QI runs out.

Second arbitrage:

1. I traded 10 $AVAX for 19963.8 $QI on 2024-03-21
2. I now trade 19963.8 $QI for 11.4 $AVAX

ROI: 14.39%; 105.04% APR

Third arbitrage

1. I traded 10 $AVAX for 19866 $QI on 2024-03-30
2. I now trade 19866 $QI for 11.3 $AVAX

ROI: 13.43%; 119.57% APR

• Is a walk-through of arbitrating $AVAX using @BenqiFinance $QI as the pivot-asset.

Fourth arbitrage:

1. I traded 10.73 $AVAX for 21.7k $QI on 2024-04-01
2. I now trade 21.7k $QI back for 12.7 $AVAX

ROI: 18.38%; 172.06% APR

The fifth arbitrage is a little weird, as I combine the remaining five trades to $QI (which were much smaller in scope) into one trade back to $AVAX.

Somehow 1,632.31 $QI got lost in the shuffle. I'm not happy about that.

But I am happy about this:

ROI: 22.33%; 311.08% APR

@BenqiFinance 

Would you have any idea how 1.6k $QI could end up 'lost'? I have transaction ids showing the trades from $AVAX to $QI then from $QI to $AVAX. I'm missing 1.6k $QI.

One more trade: there's accumulated $QI-as-yields on @BenqiFinance. I collect those, swap them to $AVAX on @TraderJoe_xyz then swap all $AVAX (included $AVAX from arbitrage) to $sAVAX and supply it to @BenqiFinance 

How did I do?

Overall, I took 51.2 $AVAX, and pivoting via $QI,

I ended up with

61.5 $AVAX 💥

ROI: 20.02%; 210.76% APR

That, my friends, is nothing to sneeze at.

On top of that I converted 7.1k $QI-yields to 3.5 $AVAX on favorable EMA20 call.

I am LIKING these EMA20 trades!

To celebrate my materializing 10 $AVAX from 51 $AVAX in arbitrage, I uber'd in this scrumptious gourmet Fillet o' Fish meal from McDo! 

Avalanche portfolio 2024-05-10 

total net worth: $32,399.25 

total invested: $36,331.69 

total debts: -$37,605.60 / LTV: 60.99% (max 70% LTV) 

ROI: -10.82% 

The AVAX/ETH-EMA20 says HODL

The AVAX/BTC-EMA20 says BUY

(which amounts to a HODL, as I have no $BTC on @avax)

So I sit tight here.