KUJI arbitrage on LP KUJI-ATOM/KUJI FIN order book

Let's arb $KUJI on @TeamKujira FIN with the LP KUJI-ATOM/KUJI order book.

Firstly, this arb takes FOR. EV. AH! to loop. 'Forever' being days and weeks instead of seconds.

How does this work?

I buy LP KUJI-ATOM with $KUJI on FIN (I set the price at 3.5570 $KUJI-per-LP).

How do I know that 3.557 $KUJI-per-LP is a good price?

This is the complicated part.

I find out the market price per LP by entering BOW and (any) liquidity to get KUJI-part, ATOM-part, and LP-count. 

These numbers I enter into my SPREADSHEETSZORXEN to get the $KUJI-per-LP price.

Option 1: Sell LP KUJI-ATOM on FIN

Now, I said "arb'n $KUJI," right? So, I COULD put the LP KUJI-ATOM right back as a sale for $KUJI, but you'll note about this order book that buys occur much more frequently than sales.

Option 2: Remove Liquidity on BOW

I already have a sell-order in place, so I'll go with 'option 2,' as it were. 

'Option 2' is this: 

1. I remove the liquidity from the LP KUJI-ATOM on @TeamKujira BOW

2. The $ATOM I use to buy $KUJI on FIN KUJI/ATOM

3. The $KUJI (and $KUJI in reserve) I bid LP KUJI-ATOM on FIN, looping the $KUJI -> LP KUJI-ATOM -> $KUJI-arb

C'est simple, ça! 😊

Post Script. How to grow KUJI-bag: staking vs. trading

p.s.: How to grow your $KUJI-bag?

I think on this often.

The above approach (OT) yielded 84 $KUJI from 73 $KUJI invested, or a 11 $KUJI gain in 15 days

ROI: 9.5%; 247.7% APR

Meanwhile, after more than 1 month, 2,600 staked $KUJI yielded 1.3 $KUJI (and other tokens)

5.31% APR

2023-12-10 KUJI/ATOM-THANG! row 20

Now let's finish oft with the Guarde of Olde: KUJI/ATOM-THANG! 

For the KUJI/ATOM-THANG! (and all of them, in fact), there are 3 trades to consider:

1. KUJI/ATOM (of course), but also:
2. KUJI/LP KUJI-ATOM and
3. ATOM/LP KUJI-ATOM

So, I've vastly expanded the optics of this SPREADSHEETSZORXEN!

Let's take each in turn.

SWAPS

• swap 3.8780 KUJI -> ATOM

• swap 3.878 $KUJI -> LP KUJI-ATOM

• swap 1.1268 LP KUJI-ATOM -> ATOM

If you look at all three swaps, they are all saying the same thing, eventually. That is:

$KUJI is 'overvalued' so swap to the undervalued $ATOM.

Now, which swap am I going to do?

First, I need the $KUJI and $ATOM in place (on this wallet addy) to do anything. So let's do that.

I transfer $KUJI from my main account and $ATOM (first withdrawing from Ghost).

I've transferred an equivalent-to-my-LP amount of the above. The aim here is a little competition. Using EMA to guide my swaps, can I accumulate value better than the LP? Let's find out.

And, with the transferred funds, I do the swap on @TeamKujira FIN. 

2023-12-09 KUJI/ATOM-THANG! row 20

KUJI/ATOM-THANG! 

• swap 3.5187 KUJI

KUJI: 58.80784

ATOM: 21.2024

LP: 29.580

TVL: $854.93 TVL EMA-20: n/a

ROI: 53.41% APR: 259.91%

PRISM "explained".

Meanwhile, my 0.9 $KUJI sell-order hit on @TeamKujira FIN KUJI/ATOM. I provide the claimed $ATOM and the $KUJI in reserve to mint LP KUJI-ATOM on BOW.

I then sell that LP on LP KUJI-ATOM/KUJI order book. And, now that I have $ATOM, I also bid for LP KUJI-ATOM with $ATOM, as well

.

2023-12-04 KUJI/ATOM-THANG! row 19

Finally, let's finish off with the OG: KUJI/ATOM-THANG!

I have $KUJI-yields, but I'll wait for when the yields exceed $10.

2023-12-04 KUJI/ATOM-THANG! row 19

KUJI/ATOM-THANG! 

• no swaps: gathering 20 rows of data FRIST! #FRIST

KUJI: 2.81400

ATOM: 0.0000

LP: 29.580

TVL: $395.06 TVL EMA-20: n/a

ROI: 182.40% APR: 964.86%

PRISM "explained".

All the token-prices, including LP token-prices, are accumulated in MENSA, which will be used to calculate buy-or-sell calls of any measured token verses any other measured token. 

asdf

2023-12-02 KUJI/ATOM-THANG! row 18

Finally, let's do the OG, the KUJI/ATOM-THANG!

I do have yields, but I'll wait to harvest them when they are $10-worth.

Also, I move the $KUJI- and $ATOM-bids for LP KUJI-ATOM off @TeamKujira FIN then mint the LP with that liquidity.

I'll focus on selling the LP, not buying it.

So, I sell the LP on @TeamKujira FIN.

Look at the trade-offs here.

From 0.75 LP KUJI-ATOM, minted with 1.5 $KUJI and 0.51 $ATOM, when these orders fill, I'll get back: ...

• 3.115262 $KUJI (more than double) and
• 0.55 $ATOM (a 7.5% gain).

Selling the LP arbs both $KUJI AND $ATOM! 😎

2023-12-02 KUJI/ATOM-THANG! row 18

KUJI/ATOM-THANG! 

• no swaps: gathering 20 rows of data FRIST! #FRIST

KUJI: 2.81400

ATOM: 0.0000

LP: 29.580

TVL: $386.01 TVL EMA-20: n/a

ROI: 182.53% APR: 994.38%

PRISM "explained".

All the PRISM records are captured into one table called, fittingly: MENSA.

With MENSA I will be able to compare and to trade favorably any asset (LP or token) against any other asset (LP or token).

Thus my plan to grow my $ROAR, $LUNA, $KUJI, $MNTA, and $ATOM bags. 

2023-11-17 KUJI/ATOM-THANG! row 17

Finally, we turn to the OG, the KUJI/ATOM-THANG!

You see we have a wee bit o' $KUJI-yield from staking the LP, which is nice. My policy is to harvest when yields are above $10, so I leave these yields be for now.

2023-11-17 KUJI/ATOM-THANG! row 17

KUJI/ATOM-THANG! 

• no swaps: gathering 20 rows of data FRIST! #FRIST

KUJI: 2.81400
ATOM: 0.0000
LP: 29.580

TVL: $381.81 TVL EMA-20: n/a
ROI: 179.79% APR: 3860.11%

PRISM "explained".

One more THANG that I do check with the KUJI/ATOM-THANG! is that I use my yields to bid on LP KUJI-ATOM tokens on @TeamKujira FIN by checking the prices -per-$KUJI and -per-$ATOM on my SPREADSHEETSZORXEN!

I see that my bids are front-run, so I reposition my bids on both boards.