Automated buy/burn calculator

You can buy 10 $ATOM's worth of $stATOM on @TeamKujira FIN, right now, and burn it to 10.25 $ATOM (24-day burn).

That's a 2.5% ROI or a 38% APR, folks!

How do I know this? Totally automated for me, via my program, ./burn.

Arbitrating X and USK on Kujira ORCA

INJ

Arbitrating BOTH $USK AND $INJ, using @TeamKujira ORCA.

1. bid 100 $USK on liquidated $INJ
2. wait
3. claim 3.6 liquidated $INJ on ORCA

4. sell 3 $INJ for 118 $USK (gained 18 $USK)

5. keep 0.6 $INJ FO' FREE (gained 0.5 $INJ)
6. loop ad infinitem.

Easy-peasies! 

stATOM

Arbitrating BOTH $USK AND $stATOM, using @TeamKujira ORCA.

1. bid 30 $USK on liquidated $stATOM
2. wait
3. claim 3.36 liquidated $stATOM on ORCA
4. sell 2.8 $stATOM for 36 $USK (gained 6 $USK)
5. keep 0.5 $stATOM FO' FREE (gained 0.5 $stATOM)
6. loop ad infinitem.

Easy-peasies! 

Theme: arbitrage on ORCA

... do you sense a theme developing here?

Yes, I've developed a new-for-me approach to arbitrage using @TeamKujira ORCA.

ATOM

... ditto for 3.2 $ATOM, however this was a wee bit too close to call, so I'm just arb'n the $USK with this one.

DOT

... $DOT, however, did much more nicely at a 16% discount. I sell-back on @TeamKujira FIN to continue the $DOT and $USK arb on ORCA

LUNA

$LUNA is an interesting exception.

The premium is so close to market, and the price is so depressed right now, that it's better that I simply keep this $LUNA I've gained and hope, someday, the Great Do Kwon will restore $LUNA to its former, $100+-per, glory.

MNTA

$MNTA is another exception.

I got a good discount on it, at 12%, but I got so few $MNTA there's no point in a looped arbitrage here.

I withdraw my bids and call it a day for $MNTA

stOSMO

Same for $stOSMO: I claim a smol amount of $stOSMO, so I'll just keep it and try again later with a new arbitrage-approach on ORCA.

2023-09-16 ETHBTC-THANG! Day 111

Let's do the ETHBTC-THANG!

Before we do the ETHBTC-THANG! recall that I sent 9.31 $ATOM to @coinbase for to provide liquidity to @Cardano.

Finally, the $ATOM sell-order hit, so I place an $ADA buy order with that liquidity.

Note that I SOLD $ATOM high, and I'm BUYING $ADA low.

 Then I collect the $BTC and $ETH prices from @osmosiszone. n.b.: it took a while to collect the $ETH price from @osmosiszone as I kept getting 'Error.'

That's not encouraging. I thought @osmosiszone was supposed to be making things better, but the price feeds failing is WORSE.

Dear @Indigo_protocol,

$INDY is falling in value both against $ADA and $USDC. Do you care to comment how you plan to create a purpose for and how to instill value into your protocol token? Because staking it to inflate the number of $INDY tokens DEFLATES its value.

love, geophf

Let's be clear here, folks.

A protocol with this value-chart does 1 thing:

1. punishes stakers. The earlier you stake, the harsher the punishment as you watch your value disappear.
2. rewards (short) sellers.

This chart ENCOURAGES protocol token value to plummet.

Avoid this.

Dear @Levana_protocol,

I'm unable to place a 3x long against $ETH on your protocol. I get the following message --v

When will I be able to place this long? It'd be nice if 'now' were the answer, as I need to hedge a several-hop $BTC -> $ETH swap I'm executing.

love, geophf 

... and now $USDC deposit limit is reached on @NolusProtocol 

Dear @NolusProtocol,

wen $USDC deposit cap raised?

love, geophf

2023-09-16 ETHBTC-THANG! Day 111

The ETHBTC-THANG! 

• swap 0.00634 $BTC

After swap:

ETH: 5.00199 BTC: 0.0428

Total: $9,252.90 TVL EMA-20: $9,155.13

n.b.: TVL EMA-20 indicates that ETHBTC, itself, is overvalued.

ROI: 4.63% APR: 15.23%

2023-09-11 ETHBTC-THANG! Day 106

I get around to the $wETH catch-all. I record that into my SPREADSHEETSZORXEN!

Now we're ready for some ETHBTC-THANG!...age! 

Dear @osmosiszone.

This is very worrisome. I go to swap $ETH for $USDC and your swap says 'Error.' 

It also says this for $BTC.

I thought @osmosiszone was supposed to be 'the' swap for @cosmos.

Any recommendation for a reliable $BTC-to-$ETH swap on this chain? 

I checked @Shade_Protocol swap, 

...but $4,000 SLIPPAGE for 1 $wBTC is simply unacceptable.

Even slippage for 0.05 $wBTC is $30 on $1,257 or ~3%.

@Shade_Protocol It would be foolish for me to use your swap for the ETHBTC-THANG! until you make ETH-and-BTC-swaps competitive.

But I do have a lovely alternative solution to my problem.

@astroport_fi is selling $BTC at 17¢-per, 

so ... I could buy 100,000 of these $BTC on @astroport_fi and live in luxury on an island I just purchased.

@TheRyanReynolds bought Wrexham football.

I think I'll buy Iceland.

And @tfm_com has neither $wBTC nor $wETH available to swap, neither on @TeamKujira nor on @axelarcore.

Who uses @tfm_com and likes it? What do you use it for? 

Now, eventually, I do do the BTC/ETH swap on @osmosiszone, but here's a @cosmos chain swap hack.

1. Go to @NolusProtocol 
2. lease 0.1457 $ETH using 0.0036 $BTC
3. IMMEDIATELY pay-off the lease with 0.0054 $BTC

You see that the lease-payoff scheme is equivalent to a swap, yes? 

Let's finish what we started yesterday, ... TODAY!

Why? Well, because I fell asleep, mid-ETHBTC-ing. Got a lot done last night so let's cover that and close yesterday's work. 

I did get a viable set of price-quotes from @osmosiszone for $ETH and $BTC, despite numerous errors.

2023-09-11 ETHBTC-THANG! Day 106

The ETHBTC-THANG! 

• swap 0.00904 $BTC

After swap:

ETH: 4.58101 BTC: 0.0662

Total: $8,726.02 TVL EMA-20: $9,179.95

n.b.: TVL EMA-20 indicates that ETHBTC, itself, is undervalued.

ROI: 4.62% APR: 15.90%

Unlike most days (recently), this is a trench warfare day for ETHBTC-THANG! with the firefight coming in hot. You'll notice today:

1. the ETHBTC-ratio has dropped, no: PLUMMETED, making the BTC-to-ETH-swap DELISH! 😋

2. ETHBTC, itself, is on sale!

3. I capture my ETH catch-all.

So, since $ETH is on sale,

• I withdraw $BTC from @TeamKujira Ghost

• I transfer the $BTC to @osmosiszone via Satellite

• I swap $BTC to $ETH on @osmosiszone 

• I transfer the $ETH back to @TeamKujira via IBC.

For buying into ETHBTC, I take the $ATOM catch-all buys from yesterday, AND enough additional $ATOM I buy at current (slightly lower) prices, and transfer that to my @coinbase wallet.

I put the $ATOM up for sale to (eventually) move that liquidity to @Cardano. 

Back on @TeamKujira, I take the $ETH (both 'caught-all'd and swapped from $BTC), mint $USK, and do a 無 $wETH arb with that $USK.

The. END.