Showing posts with label Terra Classic. Show all posts
Showing posts with label Terra Classic. Show all posts

Thursday, May 25, 2023

ROAR or LUNC: TA?

Pensée of $ROAR vs $LUNA, credited to a request by @MrMohawk

No TA, because:

1. you're looking for a priori analyses. I don't do a priori analyses.

so: 2. fundamentals apply here.

To predict the future, you invent it. ~Alan Kay.

Which token is BUIDL'n? Which one not? Which token has a community, interest/buzz, plans/goals, active devs?

For me Terra, both Terra 'Classic' and Terra '2.0' (they really missed the obvious 'NuTerra' when they went for branding) were dead things.

@mirror_protocol, the only worthwhile thing on BOTH those chains, had just been rugged. A THIRD time.

Then @TheLionDAO $ROAR showed up.

This synopsis is rather blithe, ignoring the solid contributions of, e.g. and i.e. @eris_protocol, particularly on NūTerra, and now, on multiple chains (Migaloo, Kujira, etc).

But it was $ROAR that created the buzz and then BANKED on that buzz by following up by BUIDL'n and teaming.

Did Terra 'Classic' have a future?

Nupe. Nothing was happening on that chain. And until something non-ruggy did, nothing would. Ever.

NūTerra?

Nupe.

I dropped a pin there, several times over the past year, and all I heard were echos.

But because of @TheLionDAO $ROAR?

I get that others may be angry with $ROAR's success, and the turbulence that $ROAR has and is causing. I get that.

But without $ROAR, what was there to speak of? We wouldn't be talking Terra, seriously, without the $ROAR business-case as a (major) part of that conversation.'

Now, you want to run numbers? Run numbers.

Go to @astroport_fi and check activity, TVL, and transactions there.

Go to @TeamKujira FIN and BOW and look at the 24h-volumes and TVLs there. (ANOTHER reason Terra is back at the table: @TeamKujira. SERIOUSLY!)

Look at the liquidity.

So, we can argue, and debate, and vote, if you want to.

But: why? What is there to argue? What is there to debate, even?

Because $ROAR is an entirely different business case than either $LUNC or $LUNA.

It's like arguing which is the better team: Boston Red Sox or Wrexham Football. Are they going to meet in the playoffs? Really?
 
Here's a thought.

$LUNC will succeed, or fail, based on its own merits. Not on those merits, nor failings, of $ROAR.

And vice versa.

If you're a $LUNC-stan, I wish you every success based upon your dev team's and community's performance and backing.

$ROAR: samesies.

"Yeah, geophf, easy for your to critique from the side-lines, but what are you doing?"

Fair.

I'm doing both.

I'm heavily, PRUDENTLY, invested in BOTH $ROAR AND $LUNA, and, at that, mostly on the @TeamKujira blockchain (@eris_protocol and @TheLionDAO protocols come into play)

But the real question is: why am I even invested in either? When I could be invested into $BTC and $ETH or $KUJI or $ATOM or $FTM or $AVAX or ... whatever Apex Token you want to put here.

I'm there, too, frenz.

Why, though?

Because I invest into tokens of value.

That's why. 

~ love, geophf

Tuesday, October 25, 2022

2022-10-25 Mirror Protocol report

2022-10-25 @mirror_protocol report


incept date: 2022-09-30
Invested: 26301.59 $UST
Mirror valuation: 25548.38 $UST ($953.31)

Accumulated yields: 333.06 $MIR
yield/day (avg): 13.32 $MIR ($2.52)


$MIR quote: 5.07 $UST

$UST quote: 0.0373 $USDC

net APY: 93.73%
net APR: 51.92% 

Friday, October 21, 2022

2022-10-21 Mirror Protocol report

2022-10-21 @mirror_protocol report



incept date: 2022-09-30
Invested: 22327.13 $UST
Mirror valuation: 21531.50 $UST ($848.43)

Accumulated yields: 317.14 $MIR
yield/day (avg): 15.10 $MIR ($3.11)


$MIR quote: 5.22 $UST

$UST quote: 0.0394 $USDC

net APY: 128.87%
net APR: 66.94%

Analysis

Dear @mirror_protocol,

Don't change. Always be the beautiful you that you are.

Love, geophf

p.s.: I'm starting phase one of a self-loan yield-farming experiment. Let's bring yields-per-day to $10. How long will that take to accomplish?

Thursday, October 20, 2022

2022-10-20 Mirror protocol report

2022-10-20 @mirror_protocol report





incept date: 2022-09-30
Invested: 22327.13 $UST
Mirror valuation: 21531.50 $UST (848.43)

Accumulated yields: 297.94 $MIR
yield/day (avg): 14.90 $MIR (3.03)

$MIR quote: 5.17 $UST

$UST quote: 0.0394 $USDC

net APY: 125.91%
net APR: 60.87% 

Analysis

Dis gud. Yield farms are 'muted' at below 200%, but, okay, so they're muted. There're still multiple farms above 150%, and this is a real 150%, ...


... so I'll be investing a small amount ($100) and seeing how long it will take me to make it back. I'll be reporting on this daily with this report.

Wednesday, October 19, 2022

2022-10-19 Mirror Protocol report

2022-10-19 @mirror_protocol report



incept date: 2022-09-30
Invested: 22327.13 $UST
Mirror valuation: 21531.50 $UST (780.73)

Accumulated yields: 284.82 $MIR
yield/day (avg): 14.99 $MIR (3.11)


$MIR quote: 5.72 $UST

$UST quote: 0.0363 $USDC

net APY: 140.18%
net APR: 71.72%

Analysis

Dis report: me likey!

There are also good yield-farming opportunities; 


I'm eyeing gold $mIAU 

HOWTO

Friday, October 7, 2022

Daily cryptocurrency income report, 2022-10-06

Daily #cryptocurrency income report, 2022-10-06: $0.00


Despite the $19.86 yields collected, they are all on the Terra (Classic) blockchain, which is bridge-shutdown.

Locked liquidity is no liquidity.

Wednesday, October 5, 2022

No state-of-Terra report, 2022-10-05

No state-of-Terra report for today, as I've sold so much $LUNC, buidl'n @mirror_protocol farms, that my numbers are holla-skewed. Tomorrow I should return to some stability.


The @loop_finance chart for $LUNC seems stable or uppish, however, FWIW.

Tuesday, October 4, 2022

Daily state-of-Terra (Classic) valuation report, 2022-10-04

Daily state-of-Terra (Classic) valuation report, 2022-10-04





1 $UST: 0.031485 $USDC.e on @pangolindex
1.08 million $LUNC: 11113.51 $USTC

... which is 340.476 $USDC off-chain

DOWN 19% from yesterday

Analysis

What does this report mean?


As $LUNC's price continues to settle vs. $USTC, my move from HODL'n $LUNC to investing into @mirror_protocol LPs is still a good one. 

Monday, October 3, 2022

Daily state-of-Terra (Classic) valuation report, 2022-10-03

Daily state-of-Terra (Classic) valuation report, 2022-10-03





1 $UST: 0.032628 $USDC.e on @pangolindex
1.27 million $LUNC: 13184.34112 $USTC
... which is 404.1 $USDC off-chain

DOWN 6% from yesterday

Report generated from reportszorxen-tab

Analysis


What does this report mean?

It means $LUNA and $UST was worth more yesterday that they're worth today.

That means that buying all those mirrored LPs yesterday, instead of HODL'n $LUNA, was, indeed, a good course of action.

Sunday, October 2, 2022

My Daily Farming Routine

Let's go around the blockchains, yield-farmin', and stuff.

Terra (Classic)


The first place we land is @mirror_protocol, 


... but at 8.9 $MIR/58 $UST, we're not yield farming $1.80, no ser!

I have a rule: 

Rule #1: collect yields greater than $10, otherwise move on and come back the next day.

Kujira

Next, @TeamKujira.

I stop by ORCA: absolutely nothing has been happening here for more than a week. 


The price of $KUJI on FIN reflect this stagnation.


Nothing to collect from BLUE, either.


@TeamKujira needs a much better $USK minting model. Don't charge the investor, please!

Harmony

Next: Harmony blockchain.

Fuzz

First, @FuzzFinance 

And HOLY FVCK! the price-drop of $FUZZ made me sick to my stomach. G-d!


Let's collect the yields, convert them to $ONE, then have a think about what to do about this protocol, because it surely ain't. 



Let's take a step back and take a hard look at @FuzzFinance.

  • The APYs are ... good at ~100% at the highest, but that's a far cry from the 1000+% APY it lured my money in with.


  • The valuation sucks. I came in with $1.5k, and it's now worth $1.3k 


Here's where it gets interesting.

  • The valuation is restored by the $236 in yields I've collected so far.

Here's where it gets uninteresting:

  • I'm not interested in losing principal, and I'm not interested in a net-0 yield-vs-principal trade-off.

Consequently, I'm calling it on @FuzzFinance. I'm liquidating my LPs there and returning the funds to Avalanche.



$FUZZ may, someday, sky, perhaps when liquid staking is instituted and gets its own stride, but until then, I'm not watching my principle disappear with its price.

I split the LPs into their component parts then swap everything to $ONE on @FuzzFinance 





  • I swap the $ONE to $JEWEL on @DefiKingdoms (whilst I still can)


  • then I bridge the $JEWEL to Avalanche using @MultichainOrg 


Note: there's a bit of a fee, as I'm bridging so much $JEWEL. 

Then I swap the $JEWEL to $AVAX on @pangolindex. 



I had to do 2 swaps to minimize the slippage.

The total swap came to 63.15.


The $AVAX I earned from $FUZZ-yields was 15.58.
Totalling 78.73 $AVAX.

My self-loan was 80.787, so I've lost: 2.14 $AVAX in this experiment?

Nupe!

You're forgetting (or, more accurately: I forgot) that I have 10,001 $ONE being unstaked. 


That'll convert to more than 2.14 $AVAX. In fact, at today's prices, that converts to ~11.13 $AVAX.

So, I'm walking away from my @FuzzFinance experiment with ~9 $AVAX gained.

NOICE!

Okay, that was just one protocol of just one blockchain that took all day.

Ridiculous.

Unite.fi


"Fortunately," ... there's nothing to do on @finance_unite, today, the other protocol on Harmony, as yields are (way) less than $10.




DFK Chain


Next up, DFK Chain.


3.5 $CRYSTAL is ~ $1.

Moving on.

Osmosis

Osmosis blockchain on Cosmos.


The superfluid LPs release $OSMO automatically, I don't have to collect them, so: yay!

Avalanche


Oft to Avalanche!

Trader Joe



There's nothing to collect from the sAVAX-AVAX LP on @traderjoe_xyz, ... yet.

It's underwhelming as compared to the QI-AVAX LP on @BenqiFinance, but:

* the QI-AVAX LP lost $5k of principal
* the sAVAX-AVAX LP has gained $1k in value.

I'll take that. 😎😅

Benqi


I go to @BenqiFinance, where I collect the $QI- and $AVAX-yields.


I immediately swap the $QI to $sAVAX on @pangolindex. 


Back to TraderJoe


Why? So I can stake the sAVAX-AVAX LP on @traderjoe_xyz


Staking sAVAX-AVAX LP on @traderjoe_xyz harvests the $QI- and $JOE-yields from that LP (I have prior stake).


I immediately stake the $JOE as $sJOE, as it yields $USDC at 5+%.


Back to Benqi


Now, the $QI, I split 50/50.

  • 50% I SWAP to $sAVAX on @pangolindex


  • 50% I SUPPLY to @BenqiFinance marketplace.

Self-Loan-...ing


This leaves me ready to interact with @BenqiFinance marketplace.

BUT HOW? WHAT? WHY? HOO?

HOO EEZ MEH! AHA! 😎

This is where the Pre-supply stable coin borrow worksheet (PSSCBW) comes in





It tells me what to invest, where.

... and what the PSSCBW told me was to pre-supply stables with some $AVAX, so:

  • I SWAP $AVAX for $USCD.e on @traderjoe_xyz


  • I SWAP that to $DAI.e on @CurveFinance, as $DAI.e has the best collateralization on @BenqiFinance


  • then I SUPPLY that $DAI.e to @BenqiFinance

That leaves the remaining $AVAX.

  • I SWAP $AVAX to $sAVAX on @traderjoe_xyz, which has the best swap-rate for $sAVAX



  • then I SUPPLY that $sAVAX to @BenqiFinance 

So! Time to borrow.

Let's borrow some $DAI.e. Not the best borrow rate, 


... but I've got a lot of supply, so I'm leaning to maintain δneutrality on my stable coins. 


asdf