CØSMOS blockchain report, 2024-03-30

Now, for something completely different, let's visit the CØSMOS blockchain @cosmos and incorporate what I've got there into my SPREADSHEETSZORXEN! 

We're (re)starting from scratch, here, folks.

Osmosis

Firstly, I break apart the stOSMO-OSMO LP after unstaking it 2 weeks ago. Then I swap the $stOSMO for $OSMO.

On a $170 investment, I doubled it, thanks to $OSMO's 🚀 price-movement.

It's not all good news: I lost $1,000s on $OSMO LP pairs, including $wBTC and $wETH LPs. ick. 😭

Next, I withdraw liquidity from stJUNO-JUNO LP.

@JunoNetwork was supposed to be this big, breakout, zone on @cosmos. Maybe one day it will be.

Today is not that day.

I sell the $stJUNO and $JUNO for $OSMO and record a 65% loss.

Why do I sell at a loss? Am I stupid?

Well, yes.

AND.

I believe I can make more money with this (reduced) liquidity elsewhere as opposed to HODL'n the $JUNO and hoping it goes up faster than any other play I make now.

That's my wager for this sell-at-a-loss.

I have a stEVMOS-EVMOS LP that I'm unstaking and will take a loss for in two weeks. @EvmosOrg was suppose to be the bridge between @cosmos and the @ethereum-world, ... and, ... it ... is? But what is its relevance, given @KAVA_CHAIN, @sommfinance, and bridges?

I don't know.

Levana

I do have two $LVN-LPs, LVN-OSMO and LVN-USDC, that are cranking out some pretty healthy yields! They stay.

I'm looking forward to two things with $LVN: the @TeamKujira FIN order books activating, so I have a lot invested in bootstrap funds, and $LVN staking on @Levana_protocol.

I'm also looking forward to seeing the $LVN business-case from @Levana_protocol. If that case is 'staking and LPs' then that definition is circular and doesn't make it unique, but if it's "$LVN amps funding fees" or something you can only do with $LVN, then that sets it apart.

Nolus

Now, @Levana_protocol has been BUIDL'n like crazy! You remember their list of assets at the start? And now?

Another protocol that's BUIDL'n is @NolusProtocol.

They had 5 assets you could lease at their start. Now it takes 3 screenshots to capture all the assets they lease! 

I have my $NLS staked. Great!

$NLS has escaped its 'down only'-period and is hovering now around 6¢-per.

They have new developments around their leasing protocol that I can't talk now, because it was told to me in confidence, but when these new features hit, ...

Hoo! Baby! 😱

Stride

Finally, @stride_zone. I've used their LSD tokens quite a bit, which, along with staking LPs on @osmosiszone, has generated some $STRD, which I've staked.

3% APY isn't much, but then, the change in price of $STRD, itself (from 70¢-per?), has made this an interesting stake.

Before the new @cosmos portfolio report, I collect the LVN-USDC LP yields.

I also move all assets, $OSMO, $LVN, and $USDC, to where I can use them, that is @TeamKujira. For the $OSMO, I plan on using it as a pivot-asset to arb both $OSMO and $ATOM on my kujiatom addy. For $LVN, I'm bootstrapping the $LVN order book on FIN. The $USDC goes to Ghost at 14%

CØSMOS portfolio 2024-03-31 

total net worth: $2,177.48 

total invested: $377.54 

total debts: $0.00 

ROI: 476.76% 

2023-10-13 ETHBTC-THANG! Day 138

I was going to say: "Let's do the ETHBTC-THANG!" but it appears that @osmosiszone is not giving me measures I can use, anymore.

I'm casting about. Let's start with @Levana_protocol as my new measure for $ETH and $BTC prices, which I will now record into my SPREADSHEETSZORXEN!

2023-10-13 ETHBTC-THANG! Day 138

The ETHBTC-THANG! 

• no swap; no BTC available

ETH: 5.15539 BTC: 0.0038

Total: $8,064.62 TVL EMA-20:

n.b.: TVL EMA-20 indicates that ETHBTC, itself, is cruising!

ROI: 2.24% APR: 5.92%

2023-09-21 ETHBTC-THANG! Day 116

I'm about to close my $OSMO short and take the profit with $ETH? or $BTC?

LET'S DO THE ETHBTC-THANG! I record the prices from @osmosiszone and record them into my SPREADSHEETSZORXEN! ... which tells me from the EMA20-ETHBTC-ratio to:

• SELL $BTC! BUY $ETH!

Well, okay then!

So, I shorted the $OSMO. Report here.

With that $OSMO, which was a catch-all claim, I swapped to $ETH and increased my ETHBTC-position.

I immediately turn around and 3x (re-)short 0.5 $ETH on @Levana_protocol, take-profit at a 10% price Δ. 

With the above $ETH swap from $OSMO, and the gains from the $ETH short on @Levana_protocol,

Do you know what that means?

That means I take 0.103 $ETH profit, magically, as if from thin air, folks.

And that's how I BUIDL my ETHBTC position.

2023-09-21 ETHBTC-THANG! Day 116

The ETHBTC-THANG! 

• swap 0.01006 $BTC

After swap:

ETH: 5.39780 BTC: 0.0210

Total: $9,077.79 TVL EMA-20: $9,170.87

n.b.: TVL EMA-20 indicates that ETHBTC, itself, is undervalued.

ROI: 2.73% APR: 8.59%

So, my SPREADSHEETSZORXEN tells me to swap 0.01006 $BTC for $ETH, so I withdraw that amount from @TeamKujira Ghost and find the highest price I can sell $BTC: it's on the wBTC/MNTA FIN board.

ETHBTC hit a low. I'm optimistic $BTC-price will rise.

I compute the complete trade-path from $BTC -> $ETH by finding high sell-prices and low buy-prices.

My complete trade-path, given current market conditions, is:

• 0.01006 BTC -> MNTA -> axlUSDC -> USK -> ETH 

Good ol' ./gantt will track the trades for me.

Two words, frenz:

Do you see that big, red, SPIKE?

DO YOU SEE THAT BIG RED SPIKE? DO YOU? DO YOU?

I just walked away with some 'free' $ETH on a wstETH/wETH sell catch-all order.

catch-all HOWTO: http://logicalgraphs.blogspot.com/2023/02/howto-limit-catch-all-orders-on.html

My ETHBTC-position just grew by 0.09 $ETH.

Update to the $BTC -> $ETH trading path, due to market conditions.

wBTC/axlUSDC is now the highest price I can sell $BTC on, so I drop the wBTC/MNTA trade. The new path is now

• 0.01006 wBTC -> (no MNTA) -> axlUSDC -> USK -> wETH

The sell-order hit on wBTC/axlUSDC and the above path:

• wBTC -> axlUSDC -> USK -> wETH

is still the best path.

I sell the $axlUSDC on axlUSDC/USK, 

...eyeing an $wETH buy to conclude this transaction.

Now: the ETHBTC-THANG! says to buy no (in this case) $ETH, but, when we look at @Indigo_protocol, we see two things:

• $INDY is bleeding value onto the floor. Staking it yields negative results.
• There are enough yields to harvest and to reinvest.

Let's tend to this position

First I destake all $INDY from @Indigo_protocol, then I attempt to harvest the $INDY yields from the $iBTC and $iETH farms, but I'm told I don't have enough $ADA?!?!? (I have 11 $ADA ... I guess I need to bump that back up to 30 spare).

No problem: I swap the $INDY to $ADA. 

The 'no problem' was blithe.

@Indigo_protocol charges you 1.9 $ADA to swap? That means, to minimize that pain-point, I should swap values above 190 $ADA in value, otherwise swap fees are above 1%, and I find those fees reprehensibly excessive, personally.

What's even more ignominious is that now I harvest the $INDY yields (fee) then swap them to $ADA (fee) and the swap fee is now 2.0 $ADA, ... they increase the fee per swap?

Ugh.  

But, so: now I have $ADA. I stake all my $ADA and use the staked $ADA as collateral to mint $iETH.

This is the first time I'm minting on @Indigo_protocol.

So: I have staked $ADA AND I have minted $iETH from that staked $ADA.

I stake the $iETH, collecting 17 $ADA in yields.

These are my $iETH and $iBTC staked positions on @indigo_protocol:

2023-09-21 Indigo portfolio

Basis: $1,600.60

$iBTC: 0.013614 $355.61

$iETH: 0.595533 $941.10

$iUSD: 0 $0.00

value: $1,296.71

total fees $20.939

total yields $59.976

net gain/loss $39.037

APY 15.90%

ROI: -16.55%

APR: -107.85%