Decentralized unstaking on Unstake.fi leads to market efficiency

"The inefficiency of @unstake_fi" in 2 screen shots.

I bought 93 $ampKUJI with 96.2 $KUJI

I can unstake the $ampKUJI instantly for 96.8 $KUJI on @unstake_fi, which is great, but ...

But here's the thing, the LOWEST sell-limit order I put in gets me back 97.1 $KUJI.

To be fair: @unstake_fi is instant, whilst I have to wait for the lowest sell limit-order to fill.

Here's my counter: 

• you can unstake, 
• and still below market price, 
• AND still beat my sell order, 
• AND still make profit to run the protocol.

And @unstake_fi could do all of the above, and quite easily, with an infinite $KUJI well.

My statement is this: until @unstake_fi can better what I can with the LOWEST sell limit-order, I'm going to keep using, and keep profiting, from that market inefficiency.

For context, the LOWEST LIMIT ORDER IS BELOW THE EXCHANGE RATE! ... WAY below the exchange rate!

And that's why, my frens, I think @unstake_fi is doing WAY better than they're letting on, for themselves, OR, they COULD be doing WAY better for the unstaker.

Way better, frenz.

Please note: my sell-order is BELOW the exchange rate, so, that strongly incentivizes a buyer.

They would make money:

1. buy my sell-order
2. slow-burn
3. claim MORE $KUJI than their buy-order.

This I call an infinite well: it pays for itself.

My hope here is that other people see and use this inefficiency but my real hope is that @unstake_fi employs the infinite well to 

1. profit well, still, and
2. offer an exchange rate nearer to market price that incentivizes using the unstaker.

Decentralized Unstaking

Or this, which I have been calling for from @unstake_fi incept date:

• decentralized unstaking.

I provide $KUJI to a pool for $ampKUJI unstaking. When somebody wants to unstake their $ampKUJi, they use that $KUJI and I get paid in $ampKUJI.

Same of $qc-tokens and $st-tokens.

With

• decentralized unstaking

1. The suppliers get paid $NSTK-yields
2. The suppliers get LSDs at a premium.
3. The unstakers get the base tokens, instantly.
4. @unstake_fi doesn't need to front ANY liquidity, as the suppliers do that for them.

• Decentralized unstaking for @unstake_fi:

the path to efficient markets.

• Thanks to @vengo_coj and @_ZRho_ on teh twitterz for their questions and prompts that helped to form this pensée.

My @SumoKuji vault report, 2024-01-22

A $NSTK buy catch-all order hit on @TeamKujira FIN.

catch-all HOWTO video. 

I claim the $NSTK, replace the catch-all orders, then send the $NSTK to my vault addy.

I suppose that means it's time for a @SumoKuji vault report, yes?

My @SumoKuji vault report, 2024-01-22

prediction tweet: https://twitter.com/logicalgraphs/status/1735017430181642601

archive: http://logicalgraphs.blogspot.com/p/sumo-vault.html

SPREADSHEETSZORXEN! https://docs.google.com/spreadsheets/d/1X9jYUW5__RLKpd9kvoUEl70cm3FnYYPdyc9R-PTVEbg/edit?usp=sharing

current value: $4,603.08

still to acquire: $4,394.76

vault target value: $94,629.94

• undervalued tokens, 2024-01-22, as per vault-metrics: $KUJI, $LUNA, $NSTK, $ROAR, $FUZN, $MNTA

Okay, to business! The first thing I do is to reclaim my $FUZN from @Fuzion_App, then swap them to $qcFUZN on @Quark_Protocol. 

n.b.: Fees are 0.25 $KUJI to mint $qcFUZN on @Quark_Protocol. That's pretty high for a transaction-fee! 

Next I mint 24 $USK on BLUE against $LUNA (at 1% APR) to repay $USK borrowed against $KUJI (at 20% APR). 

I then place all my $KUJI (except reserves) on a buy-order on @TeamKujira FIN for $qcKUJI at 1.00551-per, which is a better price than @Quark_Protocol's 1.01374-per. 

My intent here is to arb KUJI on this board. Let's see how this goes.

My @SumoKuji vault report, 2024-01-07

While I'm doing the ETHBTC-THANG! I'm also doing my @SumoKuji vault report.

Why?

The market downturn have made several $NSTK buy catch-all orders hit, growing my $NSTK-bag.

catch-all HOWTO.

I grabbed this $NSTK (okay, no jokes here, you guttersnipes! Sheesh!) at ~15.2¢-per, which is great, because the current market price is 16.4¢-per.

I replace my filled catch-all orders and transfer the claimed $NSTK to my @SumoKuji wallet addy and add to my SPREADSHEETZORXEN! 

My @SumoKuji vault report, 2024-01-07

prediction tweet.

archive.

SPREADSHEETSZORXEN! 

current value: $5,084.03

still to acquire: $3,913.81

vault target value: $94,629.94

There is housekeeping that must-needs be looked after. Because of $LUNA's price-plummet, I mint $USK against $STARS to rebalance the $LUNA-mint.

You may recall, this was supposed to be paid down by now with @Levana_protocol working, so I wait for the return of leveraged trading.

Then there's the whole staked $FUZN-fun.

1. Staked $FUZN gives you $yFUZN.
2. $yFUZN gives you yields.
3. Currently $yFUZN is yielding at 0.00%. 

So I'm unstaking everything over 21 days to get my liquidity back from a protocol where you stake to get nothing for it.

What a (sad) joke.

On the positive side, my $qcMNTA on @TeamKujira FIN below protocol price. 

It's currently earning 13% APR.

I started with 1,223 $MNTA, and, looking at the unstaker, I'd be getting back 1,244 $MNTA.

My plan is to HODL or trade-trade-back this asset, growing it with arbitrage.

My @SumoKuji vault report, 2023-12-20

I collect $NSTK on @TeamKujira FIN from both the NSTK/MNTA and the NSTK/USK order books on a down-wick, replacing the catch-all orders as I claim them.

catch-all HOWTO 

I move the $NSTK to my @SumoKuji vault wallet.

My @SumoKuji vault report, 2023-12-20

Tokens accumulated: $4,076.63

still to acquire: $4,921.21

prediction tweet

archive

value: $4,076.63

vault target value: $94,630