Geist.fi Positions 2023-06-15

Geist.fi Positions 2023-06-15

CRV $428.47

stables $7,126.87

ETH $3.28

FTM $15,253.11

LINK $289.44

GEIST $348.744

total: $23,449.92

Daily Fantom Blockchain position report, 2023-03-07

Now that I am on @FantomFDN, I'm going to lean into this possible $MIM-depeg.

$MIM has restored itself from this morning's measure, and I deem that as a good thing: perfect for borrowing when it's returned to peg!

SO! I borrow $AVAX from @BenqiFinance and bridge that as $USDC.

Why borrow only 100 $AVAX?

$AVAX is at a low-point, so borrowing $AVAX is not good. I'm going to DCA my borrow, spreading the borrow out over time as I fund this $MIM-experiment on @GeistFinance.

I supply the $USDC to @GeistFinance, 

then borrow it right back as $MIM, 

then swap that $MIM to $USDC on @UnlDexFinance ... do you see the slippage? 

then supply it right back to @GeistFinance as $USDC.

Thus we loop a $1615-investment.

Let's see how many times I can loop this.

OKAY! WHAT A LOOPING ADVENTURE!

I looped 1615 $USDC: 14x on @GeistFinance

From it, I created: $12,154 in liquidity

(both supply and borrow)

Leveraging the original amount: 7.53x

Wow-o-wow-o-wow! 😱

Now I can do my daily @FantomFDN report.

Daily Fantom Blockchain position report, 2023-03-07

invested: $28,779.33

valuation: $26,992.32

ROI: -6.21%

If you compare 'this' Fantom to the last report, you see the face of my entire portfolio here has changed significantly.

Math pop-quiz: proportional deposits

MATH PROBLEM!

SO! I've deposited 75 $DAI into @GeistFinance. And I have 2300 $FTM, that will convert into ~$220.

• How much do I convert to $DAI?
• How much do I convert to $USDT?
• How much do I convert to $USDC?

... so that there are equal portions of each in the money market?

• (answer)

MATH PROBLEM, PART II

SO!

The Curve geist pool is not perfectly symmetric among the three stablecoins. In facto they are very upsie-downsies in relation to each other:

• 125 $DAI
• 105 $USDC
• 160 $USDT

GIVEN stable positions 161, 161, 161, and an infusion of 300: make it so.

• (answer)

Fantom Opera: How Geist ta meetcha!

Okay, before we do todæg's blockchain report, let's establish (MOAR) positions on Fantom Opera, because spooky and geist and boo and tomb and ... I think I'm falling in love with this cooky blockchain; heaven help me.

Okay, first thing: the $DAI pool on @UniDexFinance is bleeding money. I'm exiting that position now. 

I've recorded my losses here in my "Bad Debts." Yeup: I have a lot o' 'em.

But let's turn this ship around!

I take that $DAI and deposit it into the @GeistFinance money market...

... but did you know this? Staked g-tokens can be put into @CurveFinance? WHAAAAA???

I'mma make me some $USDC and $USDT deposits, too, to fit this curve.

So, I've supplied on @GeistFinance. Wat do? I turn right around and borrow against that supply. $MIM is my borrow of choice, as it should be everyone's at present.

Why? If it depegs, I've borrowed nothing. If it stays pegged, I'm earning leveraged yields off it anyway.

Okay, let's swap the $MIM back to $USDC, $USDT, and $DAI and resupply the @GeistFinance marketplace. 

Then I turn right around and reborrow $MIM, looping on these stables.

At the end of the loop, this is what my @GeistFinance money market looks like.

I tried staking the geist-tokens into @CurveFinance, but Curve rejected my add liquidity requests to the curve-geist pool, so we'll try that some other time.