Today, we're going to explore Nitro on @demexchange and set up a looping strategy. Or two. Maybe.
Today's going to be a busy-learning-day today. It already has from 6:30 am, and it ain't no stoppin' it, folks.
Before trying things on @demexchange we need their protocol token: $SWTH.
As the US Air Force says: "We can't kick ass,
without gas."
Same thing here.
How I got $SWTH was to swap some $OSMO on @osmosiszone, then withdraw to @0xcarbon.
That's one way.
So, we have $SWTH on @Demex, let's get some supply-tokens on-boarded and walk through looping an asset.
For the example today, I'm going to loop $stLUNA-supply with $LUNA-borrow assets.
Let's make that happen.
To loop $stLUNA, we need $stLUNA, somehow. How I choose to get started is
- to bridge $LUNA from Terra to @stride_zone
- to mint $stLUNA from $LUNA on @stride_zone
- then, thanks to the community, I learned I deposit those tokens from @stride_zone to @demexchange
EASY-PEASY!
So, I go to deposit a little bit of $stLUNA, and I get the following error message:
blah-blah-blah supply cap exceeded blah-blah-blah
What is this? Day 0 and they hit max supply?
Thus endeth the $stLUNA-loop tutorial for @demexchange.
Have a nice day, folks.
