Wednesday, August 3, 2022

Daily cryptocurrency income report, 2022-08-02

Daily #cryptocurrency income report, 2022-08-02: $30.27*





What's interesting to note here is that all my income yesterday came from 'dead' chains.

I'd like to change this story, soon, if I may. 🤔

*does not include auto-restaked yields nor x-token gains.

Daily state-of-Terra ('classic') report, 2022-08-03

Daily state-of-Terra ('classic') report, 2022-08-03:




1 $USTC: 0.034 $USDC
1.9M $LUNC: 5584.74 $USTC
which is 188.845 $USDC off-chain, up 2% from yesterday

Answers 4 to supplying QI pop-quiz

Answer 4a to the supplying $QI pop-quiz. I (kinda?) answered this in the metadata (μεταδατα, a solidly Greek word) to Answer 3:


$QI gained: $7,306.55
$AVAX gained: $492.02

So, that's $6,814.53 more $QI than $AVAX.

SPREADSHEETSzorx!

Answer 4b

This question is a touch ambiguous. I interpreted it to mean year-end $AVAX- and $QI-yields. 

Given that, a new tab, "Balance QI and QI-AVAX seed," on the SPREADSHEETzorx! shows that 98% goes to initial $QI SUPPLY and 2% goes to QI-AVAX LP STAKE.

Can we do better than this approach? YES, WE ... sorry, I meant to write: "well, let's see!" in the next set of answers and following exercises.

Answer 4c

66% $AVAX-yield and 33% $QI-yield. As you can see from the previous answer, even a 98% $QI seed only gives a 50% $AVAX yield, SO! to answer this question, we need to continuously resupply the QI-AVAX LP STAKE to generate more $QI to generate more $AVAX yield.

This will require I reconfigure my SPREADSHEETzorx!

... [time passes] ...

OKAY! NEW SPREADSHEETzorx! This spreadsheet allows you to configure how much initial funding goes to $QI SUPPLY and QI-AVAX LP STAKE as well as configuring amount of $AVAX yield that goes back into the QI-AVAX LP.



BUT IT SHOWS that $QI yield is always higher.

WAT DO?

What we need to do is to go back to the drawing board and RETHINK the QI-AVAX relationship (as more than just LP-utility). Which we will do. In a new pop-quiz. After this (sub) (???) pop-quiz?

Yes.

SUB POP-QUIZ!

What initial configuration maximizes total yields?

Tuesday, August 2, 2022

Daily state-of-Terra ('classic') report, 2022-08-02

Daily state-of-Terra ('classic') report, 2022-08-02:




1 $USTC: 0.03412 $USDC
1.9M $LUNC: 5530.9 $USTC
which is 184.366 $USDC off-chain, down 4% from yesterday

Daily cryptocurrency income report, 2022-08-01

Daily #cryptocurrency income report, 2022-08-01: $60.60*





Mirror, @mirror_protocol, on the yields
Make my greens as bountiful as fields!

... or something like that. Hey! Writing spontaneous poetry ain't easy! #dontjudge

*does not include auto-restaked yields nor x-token gains 

Monday, August 1, 2022

Answer to the third exercise of the supplying QI pop-quiz

Answer to the third exercise of the supplying $QI pop-quiz:

Incorporating the QI-AVAX LP at 50% of the $AVAX borrow shows a STUNNING amount of $QI yields generated, and we don't even reinvest into the LP.



I have just two words as a reaction to this finding:

EEK! 😱😱😱 

Well, I certainly answered the question of how to supply $QI, but I think I went WAAAAAYY too far down the supplying $QI solution. The next exercise, I believe, addresses how to balance $QI-yield with $AVAX-yield...

... OR. DOES. IT?

Let's find out.

Consider: it cannot be stressed enough, however, that this approach has generated nearly DOUBLE the returns of any of the other approaches so far.


Nearly
Double

at $7,054.47 gain over 1 year on $28,378.38 invested.

LPs, man; LPs.

Can we do better than this? YES! But let's see

Daily state-of-Terra ('classic') report, 2022-08-01

Daily state-of-Terra ('classic') report, 2022-08-01:

BONUS IULIUS-to-AUGUSTUS DIEM!




1 $USTC: 0.036653 $USDC
1.9M $LUNC: 5479.94 $USTC
which is 199.297 $USDC off-chain, UP 8.5% (!!!) from yesterday

I think it went up nearly 10% because @AncestorStoic asked question about $LUNC.