Showing posts with label GMX. Show all posts

Saturday, April 6, 2024

Arbitrum portfolio 2024-04-06

Let's do the @arbitrum-THANG!

The ARB/ETH EMA20 favors the 'BUY' of $ARB.

I'm not going to do that, as, currently, I'd swap $3 worth of $ETH, and my minimum (self-imposed) trade-limit is $10.

However, looking at { ETH/USD, ARB/USD }-EMA20 calls, both are 'BUY at leverage.'

As I have both $ETH and $ARB for collateral, I place

2xLONG 6.3 $ARB ~$10
2xLONG 0.03 $ETH ~$100

on @GMX_IO.

Let's see how my perpetuals-with-EMA20-indicators approach goes. So far, 5 closed perpetual orders, it's been going well.

Arbitrum portfolio 2024-04-06

total net worth: $3,431.05

total invested: $2,828.00

ROI: 21.32%

Friday, April 14, 2023

Daily cryptocurrency income report, 2023-04-07 - 2023-04-13

Daily #cryptocurrency income report, 2023-04-07 - 2023-04-13: $1,042.05 *

What can I say? @GMX_IO, on both @Avax and @arbitrum, was a BEAST this week.

Raw data that generated these charts in my "$1000/week looks like..."-article.

*does not include auto-restaked yields nor s- nor x-token gains

Thursday, April 13, 2023

Net Avalanche positions: 2023-04-13

I've both $QI- and $AVAX-yields to collect on @Avax @BenqiFinance, then immediately swap the $QI to $AVAX on @KyberNetwork.

You may think that all I do is collect yields from various protocols.

Yeup. That's how I set myself up: I let my money make money for me.

Think on this.

Dear @traderjoe_xyz,

Care to comment why you're withholding 3,334.75 $QI from me? tx https://snowtrace.io//tx/0x55f83255beef4965424db33afabfc11c57432e210a93829de45d71652cc304e2 says you sent this amount to my @Avax wallet. I never received this $QI EVEN AFTER TWO DAYS. Why is this?

Please investigate this issue and please send me my $QI.

I'm also going to send another 100 $AVAX to @optimismFND, but then, I can either withdraw $sAVAX supply on @BenqiFinance or take a self-loan of $AVAX.

I do take the self-loan, ...

... but then, that means I need to protect myself against a possible $sAVAX depeg, which I also do.

I provide liquidity to the sAVAX-AVAX LP on @pangolindex as hedge.

Now, with my $sAVAX hedged, I can move the borrowed liquidity to @optimismFND.

I swap the $sAVAX and $sAVAX to $wETH.e on @KyberNetwork, then bridge the $ETH to @optimismFND via @CelerNetwork bridge.

Note: that Celer pays back some fees in the form of $OP for a limited time.

Net Avalanche positions: 2023-04-13

invested: $31,094.89

valuation: $32,367.02

ROI: 16.47%

You see most of the liquidity rests in @GMX_IO now.

This is by design.

This protocol is a powerhouse when it comes to creating money, so I've fed this bad boy quite a bit this past week

Thursday, March 30, 2023

Whither cGLP?-contest, day 30/30, 2023-03-30

Whither $cGLP?-#contest, day 30/30, 2023-03-30:

@arbitrum @GMX_IO, start: $973.37, gain (or loss): 1.57%
@0xcarbon @demexchange, start: $961.13, gain (or loss): 2.90%

APR δ: 16.18% , which means final $cGPL: LOST!

Analysis

$cGLP certainly banged out of the gate with its incentives for both supply and the LP, but those dried up very quickly. $GLP's slow but steady prevailed for this contest.

I'll be reaching out to contest participants and reviewing their results over the next 2 days, as per the contest rules.