Automated buy/burn calculator

You can buy 10 $ATOM's worth of $stATOM on @TeamKujira FIN, right now, and burn it to 10.25 $ATOM (24-day burn).

That's a 2.5% ROI or a 38% APR, folks!

How do I know this? Totally automated for me, via my program, ./burn.

My @SumoKuji vault report, 2024-01-23

BOOM!

My $ASTRO buy-order hit on @TeamKujira FIN. This is one of the open-quotes @SumoKuji coins close-quote.

So that means: it's time for my daily vault report! YAY! 

Folks, there are (many?) different ways to look at a market tumble.

Me? I love it when the markets go down: bargains present themselves to me on @TeamKujira FIN and ORCA, then leverage via @Levana_protocol and @NolusProtocol.

As a trader, use a market downturn to your advantage

My @SumoKuji vault report, 2024-01-23

Sumo prediction tweet.

archive.

current value: $4,497.62

still to acquire: $4,500.22

vault target value: $94,629.94

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

The Business

Would you look at that!

I bought $qcKUJI on @TeamKujira FIN for 1.005, below the market value of 1.013 on @Quark_Protocol.

The question becomes, can I make 3 $KUJI back, faster on FIN than if I unstake it on @Quark_Protocol over 14 days.

I think the answer is "Yes." Let's see.

Infinite KUJI well

That said, there is a LOT of $qcKUJI on sale below @Quark_Protocol exchange rate on @TeamKujira FIN.

You can create an 'infinite $KUJI well':

1. buy $quKUJI on FIN
2. unstake on @Quark_Protocol; wait 14 days
3. buy $quKUJI BELOW EXCHANGE RATE with that claimed $KUJI
4. loop

At the current δ of 1.0055 on @TeamKujira FIN to the exchange rate of 1.013 on @Quark_Protocol, you're making 3 $KUJI on 200 $KUJI looped this way over 14 days.

ROI: 1.5%, 40% APR

40% APR to loop an asset, like $KUJI, is pretty sweet! And it's way better than lending on Ghost.

Okay, does selling $qcKUJI, or $qcMNTA (which I also have), on FIN, ... work?

Looking at $qcMNTA's recent trades, I have to say: no!

Certainly on $qcKUJI board, there's enough buys to buy tokens low, but they can't be sold back, in a reasonable time nor price, on either board.

In that case: WAT DO?

Experiment:

I'll unstake $qcKUJI on @Quark_Protocol, and try an infinite KUJI well.

Let's see how that works over a month or so: do I start to print $KUJI, or is it meh?

THEN, after that experiment, I may look at $qcMNTA, but I'll leave that for now.

Please note, however, that the transaction fees are no joke at 0.32 $KUJI to unstake $qcKUJI on @Quark_Protocol. That's a full 10% of that $KUJI-gain!

For this experiment to be viable, really 1.94k $qcKUJI (yielding a 30 $KUJI net gain) should be at play for each unstake. 🥺😳

STARS-play

So.

I have a VERY SPECIFIC and VERY OPTIONAL question.

Is $STARS going to go up? Or, more specifically: is $STARS going to go up more than 5% this year?

If no: then keep $STARS in Ghost and earn 5% APR.

Done.

But if yes, ...? ... as @SumoKuji says it will 25x?

Hm. WAT DO?

I ask this question for several reasons.

1) Is $STARS a token that retains or grows value? If so, do you want more of it?

2) if so, how do you get more $STARS?

This applies to any token of value (http://logicalgraphs.blogspot.com/2022/03/value-dialog.html), but I single out $STARS here for a specific play.

Why $STARS? Well, FRIST, how to you get more of your token of value?

1. buy more (obvie)

2. arb it

3. stake, say, 2600 $KUJI to earn 1 $STARS every 10 days (ick?)

But there's a specific play for $STARS:

... 4. lease $STARS on @NolusProtocol 

And 4. is what I'll address here.

So, I'm going to make this leveraged play as an experiment, 'outside' the Sumo vault addy, but, if this experiment succeeds, I'm so going to use it for growing my Sumo vault, so: ... yeah.

The liquidity I use for this experiment is an old stSTARS-STARS LP I have on @osmosiszone 

I swap the $stSTARS to $STARS on @osmosiszone, after checking the 17 day-burn on @stride_zone: the swap is comperable to a long-burn, so I go with the swap.

I IBC the $STARS to @StargazeZone 

...then IBC that liquidity there to @TeamKujira.

What's my gameplan? It's covered in this youtube: I'm leasing $STARS on Nolus.

Rust pop-quiz: Infinite Stride LSD Wells, part II

This begs the question.

Follow-up Rust pop-quiz to Infinite Stride LSD Wells pop-quiz. ... Keep up.

One does not just walk into Mordor, 

... sorry: one does not just get LSDs at 10% discount to their exchange rates.

OR. DOES. ONE?

Given the sell-orders of an order book, 

... and the current exchange rate and burn period, ...

1. compute anticipated ROIs and APRs.

• (answer)

BONUS

2. compute staggered ROIs and APRs

Infinite ATOM Well

How hard is it to convert $stATOM to $ATOM?

It's easy, right?

*sigh*

Removing my $stATOM sell-order from @TeamKujira FIN, ...

going for the 'plan b,' which is to sell the $stATOM to $ATOM on @Shade_Protocol.

Shade STILL has the bridging-problem: it bridges AND it throws an error.

So, here's a conundrum:

There is a LOT of $stATOM for sale on @TeamKujira FIN stATOM/ATOM order book BELOW the exchange rate advertized on @stride_zone.

 

What ROI and what APR would you get for burning $stATOM bought on FIN?

Show returns for different amounts.

adsf

The Infinite Well

An infinite well is when you can set up a cycle on a token, any token, that has some arbitrage to it. This usually works best with, say, a protocol token and its LSD ('liquid staking derivative').

GEIST

Let's take a simple, albeit nontraditional infinite well: @GeistFinance $GEIST.

They have a 3-month vesting period, where vests occur on Thursdays (once per week), so, an infinite $GEIST well looks like this: 

"How is this infinite?" you may ask, as this is key.

The infinitude of this well is that I don't supply $GEIST to this well, the @GeistFinance money market does.

So, $GEIST 'goesin' and $GEIST 'comesout' on the regular, without hitting my wallet.

Thus you have infinitude.

The Infinite $GEIST Well has layers to it, like an onion, or maybe even a parfait, because, the $GEIST, once vested, can again be locked to earn a higher percentage of the money market fees.

These money market fees also include the $GEIST token, itself, so this well feeds itself.

Now, someone will point out that this means $GEIST is inflationary.

No argument from me.

But I'm not retaining value with $GEIST. I've spent $0.00 on this token. I use this infinite well to generate fee-yields, which being in $ETH, $FTM, and other tokens, I DO retain value in.

FTM

So, now. Let's pivot, and look at a traditional Infinite Well, a well, I DO invest into in order to retain and to grow value.

I've had several: $ONE, $LUNA (now $LUNC, or: ded), $LUNA (2.0 version), and, starting right now:

$FTM.

The idea to the value-producing Infinite Well is that you have a token of value (in this case, $FTM), that, by using arbitrage on the LSD ('liquid staking derivative') you can unbound the LSD to produce MORE $FTM than by simply HODL'n the LSD.

How does this work in practice?

You see that by staking 1,000 $FTM on @staderlabs you get back 921 $sFTMX.

Why less? Because the LSD, $sFTMX, is valued to the token, $FTM, plus ALL ITS ACCUMULATED STAKED YIELDS!

This means 1 $sFTMX grows in value vs. $FTM, and grows in value vs. $FTM OVER TIME!

But you now HODL your own $sFTMX, and this is vital, because, you, as the owner of your own LSD, can do whatever you like with it.

• You can HODL it, of course.
• You can put it into an LP.
• You can unbound it.
• And you can trade it.

Where there's trade, there's arbitrage.

And here is the arbitrage. Go to any exchange, and you see you get a different amount of $sFTMX from a $FTM-swap.

On @beethoven_x, I got 949 $sFTMX for my 1000 $FTM, or 28 more $sFTMX.

You BETCHA I'm taking those extra $sFTMX.

You BETCHA.

So, now I have those $sFTMX tokens.

I can HODL'm for a 4.7% APR.

BUT, if I unstake on @staderlabs, I get back 1004 $FTM in 7 days.

That's 19% APR, according to my spreadsheet.

I do this process once-per-day, and after 7 days of doing this daily, I have an Infinite $FTM Well.

 

Concern

19% is great, but you see I'm doing better than that with my already-established Infinite $LUNA well.

AND: I only get back 1004 $FTM tokens for unstaking 949 $sFTMX tokens. According to the exchange rate, I SHOULD get back 1,030 $FTM tokens.

@staderlabs: care to comment?

Cryptocurrency pop-answer: Leveraged Loop vs. Infinite Well

#cryptocurrency pop-answer to the quiz pitting the infinite well verses a leveraged loop for $FTM.

The $FTM-difference between a leveraged loop and the infinite well is simply astounding, with the well returning 10x to 100x more.

Also, the well seems to be slash-proof, and the leveraged approach a slash is its Achilles Heel.

Huh. 

Upshot

So, what am I going to do?

You may find it surprising, seeing how quickly I act on things, but I'm going to play it cool here. I'm going to transition half the $FTM on @GranaryFinance into an Infinite $FTM Well, and see how both stack up against each other.

Cryptocurrency pop-quiz: Infinite $FTM Well

#cryptocurrency pop quiz: the Infinite $FTM Well™️

Question: you see how much $FTM I make on a leveraged 13k $FTM-as-$sFTMX-on-@GranaryFinance.

How much $FTM would I make from the same amount in an Infinite $FTM Well?

Which one is better? Why? By how much $FTM/day?

• (answer)

2023-04-10 Terra boneLUNA arbitrage

🚨🚨🚨ARBITRAGE OPPORTUNITY ON TERRA🚨🚨🚨

Hello, everybody, I'm BAAAACK! 😈

1. swap 25.5 $LUNA for 25.02 $bLUNA (BONE!) on @astroport_fi

2. 25-day unbond $bLUNA to 26.18 $LUNA on @BackBone_Labs&nbsp

including! fees this burn yields:

• 2.61% ROI, which is 39.72% APR 💥

Between @eris_protocol $ampLUNA arbitrage and @BackBone_Labs $bLUNA arbitrage (swap then unbond over 22+ days), currently at ~38%, there's potential to establish the "infinite $LUNA well."

I'll keep you posted with my daily reports on twitter and archived with the 'infinite well'-label. 

🚨🚨🚨ARBITRAGE OPPORTUNITY ON TERRA🚨🚨🚨

1. swap 37.76 $LUNA for 37.49 $stLUNA on @astroport_fi 

(better than the stake on @stride_zone)

2. bridge $stLUNA to @stride_zone using https://bridge.terra.money/

3. 25-day unbond $stLUNA to 38.46 $LUNA

yielding:

• 1.84% ROI which is 24.9% APR 💥💥💥