My @SumoKuji vault report, 2023-12-23

Let's take a step back. I've been saying $STARS-this and $STARS-that in reference to my vault addy.

Where did these $STARS from come from? Thin air?

Nupe.

So, FRIST! Thanks to @kohola_io's help, I transferred 1,000 $USD from Coinb-se to @noble_xyz. With that I bought $STARS.

Then, I transfer $STARS to my vault addy on @TeamKujira via @StargazeZone using IBC.

Folks: learn IBC. Stop paying commissions to bridge apps when you can do this manually FO' FREE! huh?

Once on @TeamKujira I mint $USK from $STARS on BLUE.

But, so: now I have $1,000-worth of $STARS in my vault addy. This sounds like the perfect time to do my daily @SumoKuji vault report, eh?

O, Lordy, I'm Canadiène, now. 🇨🇦🙄

My @SumoKuji vault report, 2023-12-23

prediction tweet

archive

current value: $4,982.37

still to acquire: $4,015.47

vault target value: $94,629.94

undervalued tokens: $KUJI, $STARS

Buy Signals

Now, something neat you can do with this report, specifically the SPREADSHEETSZORXENN is to play pretend.

Let's pretend @SumoKuji's predictions will be correct.

That means undervalued tokens are WAY undervalued!

∴ This report gives you buy-signals.

FWIW.

2023-11-05 ETHBTC-THANG! Day 161

Let's do the ETHBTC-THANG!

I record the $BTC and $ETH prices from @Levana_protocol onto my SPREADSHEETSZORXEN! 

2023-11-05 ETHBTC-THANG! Day 161

The ETHBTC-THANG! 

• no swap; no BTC available

ETH: 4.01451 BTC: 0.0038

Total: $7,715.38 TVL EMA-20:

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

ROI: -1.68% APR: -3.80%

Cardano

So, the EMA20 on ADA/ETH says trade $ADA for $ETH.

So, first of all, I get me some $ADA on @coinbase...

YO! @TeamKujira: wanna open a bridge to @Cardano and start trading in $ADA???

... then I bridge that $ADA to @Cardano. 

I collect yields.

First I collect the $INDY yields, then immediately swap them to $ADA.

I collect the $ETH and $BTC yields, paid in $ADA.

As the note says, 2% of the yields go to $INDY-stakers. I don't stake $INDY, as I use @Indigo_protocol for the ETHBTC-accumulation, so I accept with the 2% yield-loss. 

I swap the $ADA to $iETH ($ETH is favored on the ETH/BTC-ratio). Note the 2 $ADA fee for the swap.

Before I stake this $iETH. I tried minting some $iETH with $ADA. Now that swapping to $iETH is favored, I'll burn this $iETH, then swap.

Let's do that! 

So, I do that. I burn 0.011 $iETH, and from the freed 150 $ADA collateral I swap to 0.023 $iETH.

I take all the $iETH and stake it in the $iETH stability-pool.

Note, each transaction is TWO transactions (send and receive) on @Indigo_protocol and fees are, I'd say: excessive.

2023-11-06 Indigo portfolio

Basis: $1,665.58

$iBTC: 0.013175 $460.61

$iETH: 0.676348 $1,274.98

$iUSD: 0 $0.00

value: $1,735.60

total fees $29.133

total yields $158.256

net gain/loss $129.123

APY 28.87%

ROI: 18.13%

APR: 64.88%

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%