ORCA LINK liquidation bid fulfilled

Two words, folks: $LINK.

Funny thing: $LINK has a sell-to-MNTA order at 21.2222 which is a full $1-per above market price of $LINK now! So I sell BELOW STRIKE (!!!) to grab the profit and to set up the next ORCA bid. I sell all the $LINK, unfortunately, so I buy back a wee bit at REAL market price. 😎

My plan is, when these orders clear, is to move the wee bit o' $LINK to @TeamKujira Ghost, growing my $LINK-back (which started: today!), place a new liquidated $LINK bid on $ORCA with 30 $USK claimed, and the rest of the $USK will go to Ghost, earning 70% on the lending market.

Side Note

To @TeamKujira Ghost $xMNTA or to @Quark_Protocol $qcMNTA: that is the question.

$qcMNTA is now an asset you can unstake on @unstake_fi, but that does not make the above question moot, because you currently unstake AT A LOSS!??!?!

And $xMNTA now has liquidation markets on ORCA.

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, 2024-02-09

Let's do the Sumo Vault-THANG!

Why? I just had @Quark_Protocol $qcKUJI unstake:

194.9417 $qcKUJI -> 197.5 $KUJI that I had staked 

195.0491 $KUJI to.

So I made money right?

...yes?

But if I kept the $qcKUJI, it's now worth 197.848.

A conundrum.

Unstake.fi

@unstake_fi wen qc-assets?

But, now that I mention @unstake_fi: their only asset is to unstake $ampKUJI, and if you look at the FIN ampKUJI/KUJI board, you see why.

I wish they had a supply option, making it decentralized, like: I supply 1,000 $KUJI for instant $ampKUJI unstake, and I'd get the $ampKUJI.

Imagine the possibilities, @unstake_fi: you open asset-supply to us, and we supply the $KUJI, $MNTA, $LUNA, $WHALE, $FUZN, and whatever, for the LSDs to unstake, and we benefit by obtaining the LSDs at a 21-day, or whatever, discount.

Think about it.

My DMs are open.

Here's the other take-away: arbitrage.

Looking at the qcKUJI/KUJI board on @TeamKujira FIN as well as the ampKUJI/KUJI board, there are buy-opportunities, buying the LSD below market price, if the unstake is instant and the premium for unstake is reasonable.

I place buy-orders.

My @SumoKuji vault report, 2024-02-09

incept date: 2023-12-16

prediction tweet

archive

invested: $5,297.91

current value: $5,325.22

ROI: 0.52% / 3.42% APR

still to acquire: $3,672.62

vault target value: $94,629.94

This is the first time in about a month that this vault is net-positive, and the reason, besides the $STARS- and $ASTRO-surge, was the dip.

I bought $1,000-worth of $NSTK for $450, folks.

The dip: learn to love it.

• undervalued assets: $KUJI $LUNA $ROAR $FUZN $MNTA