Whither cGLP?-contest, day 30/30, 2023-03-30

Whither $cGLP?-#contest, day 30/30, 2023-03-30:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): 1.57%
• @0xcarbon @demexchange, start: $961.13, gain (or loss): 2.90%

APR δ: 16.18% , which means final $cGPL: LOST!

Analysis

$cGLP certainly banged out of the gate with its incentives for both supply and the LP, but those dried up very quickly. $GLP's slow but steady prevailed for this contest.

I'll be reaching out to contest participants and reviewing their results over the next 2 days, as per the contest rules.

Whither $cGLP?-#contest, day 27/30, 2023-03-27

For the "Whither $cGLP?"-#contest today, we FINNA have yields on @GMX_IO  🎉🎉🎉

So, I collect them, 

swap half the $ETH-yields to $GMX on @matchaxyz, 

then stake on @GMX_IO.

For purchasing $GLP, the lowest fees are with $USDT, but the slippage to $USDT gives me LESS $GLP than if I just simply bought with $ETH.

So, that's what I do: I buy $GLP with $ETH on @GMX_IO. 

My positions on @gmx_io settle to the following.

Whither $cGLP?-#contest, day 27/30, 2023-03-27:

• @arbitrum @GMX_IO, start: $973.37 , gain (or loss): 1.41%
• @0xcarbon @demexchange, start: $961.13 , gain (or loss): 1.65%

Current APR δ: 3.23%, which means $cGPL is so far: LOSING!

The yields collected today put @GMX_IO on the WINNING!-side.

Whither $cGLP?-#contest, day 24/30, 2023-03-24

Whither $cGLP?-#contest, day 24/30, 2023-03-24:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): 0.28%
• @0xcarbon @demexchange, start: $961.13, gain (or loss): 2.33%

Current APR δ: 31.20%, which means $cGPL is so far: WINNING!

Whither cGLP?-contest, day 23/30, 2023-03-23

Whither $cGLP?-#contest, day 23/30, 2023-03-23:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): 1.42%
• @0xcarbon @demexchange, start: $961.13, gain (or loss): 3.16%

Current APR δ: 27.57%, which means $cGPL is so far: WINNING!

Whither cGLP?-contest, day 22/30, 2023-03-22

Whither $cGLP?-#contest, day 22/30, 2023-03-22:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): 1.21%
• @0xcarbon @demexchange, start: $961.13, gain (or loss): 3.85%

Current APR δ: 43.77%, which means $cGPL is so far: WINNING!

Whither cGLP?-contest, day 21/30, 2023-03-21

Whither $cGLP?-#contest, day 21/30, 2023-03-21:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): 1.21%
• @0xcarbon @demexchange, start: $961.13, gain (or loss): 3.81%

Current APR δ: 45.08%, which means $cGPL is so far: WINNING!

Whither cGLP?-contest, day 20/30, 2023-03-20

Whither $cGLP?-#contest, day 20/30, 2023-03-20:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): 0.49%
• @0xcarbon @demexchange, start: $961.13, gain (or loss): 3.07%

Current APR δ: 47.11%, which means $cGPL is so far: WINNING!

Whither cGLP?-contest, day 18/30, 2023-03-18

Whither $cGLP?-#contest, day 18/30, 2023-03-18:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): 0.69%
• @0xcarbon @demexchange, start: $961.13, gain (or loss): 2.58%

Can the $cGLP gains (both APR and APY) beat out the $GLP gains by 25%? STAY TUNED!

Whither cGLP?-contest, day 15/30, 2023-03-15

Whither $cGLP?-#contest, day 15/30, 2023-03-15:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): -2.73%

• @0xcarbon @demexchange, start: $961.13, gain (or loss): -0.22%

Can the $cGLP gains (both APR and APY) beat out the $GLP gains by 25%? STAY TUNED!

Whither cGLP?-contest, day 14/30, 2023-03-14

Whither $cGLP?-#contest, day 14/30, 2023-03-14:

• @arbitrum @GMX_IO, start: $973.37 , gain (or loss): -1.90%

• @0xcarbon @demexchange, start: $961.13 , gain (or loss): 0.39%

Can the $cGLP gains (both APR and APY) beat out the $GLP gains by 25%? STAY TUNED!

Whither cGLP?-contest, day 12/30, 2023-03-12

Whither $cGLP?-#contest, day 12/30, 2023-03-12:

• @arbitrum @GMX_IO, start: $973.37, gain (or loss): -4.91%

• @0xcarbon @demexchange, start: $961.13, gain (or loss): -2.63%

Can the $cGLP gains (both APR and APY) beat out the $GLP gains by 25%? STAY TUNED!

Whither cGLP?-contest, day 7/30, 2023-03-07

Whither $cGLP?-#contest, day 7/30, 2023-03-07:

• @arbitrum @GMX_IO, start: $973.37 , gain (or loss): -4.91%

• @0xcarbon @demexchange, start: $961.13 , gain (or loss): -3.11%

Can the $cGLP gains (both APR and APY) beat out the $GLP gains by 25%? STAY TUNED!

Whither cGLP?-contest, day 5/30, 2023-03-05

Whither $cGLP?-#contest, day 5/30, 2023-03-05

• @arbitrum @GMX_IO, start: $973.37 , gain (or loss): -4.49%

• @0xcarbon @demexchange, start: $961.13 , gain (or loss): -2.86%

Can the $cGLP gains (both APR and APY) beat out the $GLP gains by 25%? STAY TUNED!

Whither cGLP-contest, day 4

"Whither $cGLP?"-CONTEST!

First up, on the @arbitrum @GMX_IO-side, there are yields to compound, which I do.

I reinvest the $ETH-yields, first by trading half to $GMX on @traderjoe_xyz  and staking that on @GMX_IO. 

Now, for purchasing $GLP, the fees table says the $UNI-swap (eheh 'UNI-swap,' ... geddit? ;) has the cheapest fees, but, it turns out, I buy more $GLP with $ETH, than if I swapped the $ETH to $UNI and bought $GLP with that.

Go figure.

I purchase $GLP, which autostakes it.

On the @demexchange-side, nither Nitron nor Earn yields are ready to be harvested. Not yet. 

I, as a rule, collect yields when they are over $10.

Whither cGLP?-contest, day 4/30, 2023-03-04

• @arbitrum @GMX_IO, start: $973.37 , gain (or loss): -3.50%
• @0xcarbon @demexchange, start: $961.13 , gain (or loss): -2.96%

Can the $cGLP gains (both APR and APY) beat out the $GLP gains by 25%? STAY TUNED!

Whither cGLP?-contest, day 3/30, 2023-03-03

Whither $cGLP?-#contest, day 3/30, 2023-03-03:

• @arbitrum @GMX_IO, start: $973.37 , gain (or loss): -3.80%
• @0xcarbon @demexchange, start: $961.13 , gain (or loss): -3.18%

Can the $cGLP gains (both APR and APY) beat out the $GLP gains by 25%? STAY TUNED!