2022-11-02 Aave AVAX loop APR report

Let's collect @AaveAave $AVAX-yields and run the daily report. 

As per plan, we repay with 50% of the yields 

and supply with the other 50%. 

Now that $sAVAX is unlocked again, we can supply $sAVAX.

2022-11-02 @AaveAave $AVAX loop APR report

APY 17.12%
APR 24.06%

all yield collected: 8.09 $WAVAX on 2022-11-02
yields, incept: 2022-10-14
yield collected for 19 days
With $AVAX at $18.33 that is $7.81 collected per day (avg)

As you can see from the snapshot (above), I've added new columns to calculate resupplied yields and borrow pay-down.

Daily cryptocurrency income report, 2022-11-01

Daily #cryptocurrency income report, 2022-11-01 : $10.12 *

Just a little bit of @AaveAave today, and a lot of trading on @TeamKujira ... not reflected in this report.

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

Valuation, Team Kujira portfolio: 2022-11-01

A busy day on @TeamKujira blockchain. A lot of bids on order books were fulfilled.

Markets go up. Markets go down.

I'm here, makin' monayyyy! 😎

Before I go into the order books and collect fulfilled bids and place new orders, let's get our daily portfolio status.

Valuation, @TeamKujira portfolio: 2022-11-01

invested: $3,505.34
value: $3,831.30
net gain: $325.96
δ yesterdæg: -$11.81
APR: 226.27%

staked: $633.45
wallet: $220.04
order book bids: $2,977.81

total assets: $3,831.30
matches value: TRUE

As @Cripto_Adepto can attest, I am one of the top 5% traders in the world: I make money, trading:

Daily.

How?

I measure, and I report my results, good or bad, relentlessly.

Why?

I can't learn if I don't grade myself, and measures grade fairly, regardless of how I feel I did.

Okay, I've collected the fulfilled bids on @TeamKujira KUJI / ATOM order book, and placed 2 new orders based upon that book's ... RATIO! #ratio 🙄 ... which involves Maths. #maths 🙄

Let's claim the bid fulfilled on ATOM / axlUSDC. 

After collecting the order, I bid two new orders on ATOM / axlUSDC order book.

You see I place these bids high and low, so they're just hanging out there. As I shift to needing to generate income, these bids will become ./vern-tuned.

Stay tuned. 😎

Now let's collect the $EVMOS, 

... like I said: it was a busy night, order-wise, on @TeamKujira FIN. 

Now, as opposed to putting the $EVMOS right back onto the order book for sale, I do notice the EVMOS-OSMO LP farm on Osmosis is at 99% APY.

So, instead! I'm bridging 50% of the $EVMOS of Kujira to EVMOS then to Osmosis.

I'll do the same for an equivalent amount of $OSMO.

The other 50% of the $EVMOS I put back onto the EVMOS / axlUSDC @TeamKujira order book for sale. 

I also place an $axlUSDC bid to buy $EVMOS, because I like to play both sides of the table, ... or: 'book,' in this case. 

Next up: $JUNO. Now, the JUNO-OSMO LP farm on Osmosis is 'only' earning 29% in yields, 

so I'm not interested in bridging $JUNO off-chain to Osmosis.

I am interested, looking at that towering candlestick, getting $JUNO back onto the order book as sell limit orders. I'll do that!

But, as you can see from the order book, ...

.... I don't have enough $axlUSDC to place an equivalent $JUNO buy limit order.

Let's fix that by bridging over some $axlUSDC from Avalanche.

How do I get $axlUSDC on Avalanche?

@CurveFinance. 

That swap done, I bridge the liquidity over.

Now, with the infused liquidity, I can place a $JUNO buy limit order bid.

I'm bridging all my $OSMO to Osmosis. Why? I already have sell limit order bids in place. 

Also, I'm going to invest into the JUNO-OSMO LP farm, yes, but I'll also start an ETH-OSMO LP farm, too.

... and there we go: WETH-OSMO and EVMOS-OSMO LP farms, invested-in!

The WETH-OSMO was funded by 'asymmetric provisioning' (or: 'zapping').

I think this is it for tonight, folks.

The. End. 

Why Avalanche, geophf?

One of my followers, @ScammoonR, asked me:

you're all in on @avalancheavax huh? What makes it your favorite layer 1? Just curious

Aye, m8. Fair question.

It's a bit in-depth. So, I'll also ask you the same question. What #cryptocurrency sparks joy for you? ... and why?

Okay, why Avalanche?

Welp, because here is where I landed, after the $AVAX crash (and a bit before, but I didn't get hurt by the $AVAX crash: I got gutted by the Terra- and Harmony- crashes).

Okay, the FRIST question to answer is, ... "DOOOOO I invest heavily into Avalanche? Or is this a SMEAR campaign to SMEAR my sweet, innocent self with UNFOUNDED accusation of AVALANCHIAN-BIAS???"

answer: yeup, I'm heavy into those $AVAX chains.

Glad we got THAT all cleared up 🙄

So, next question: so, why Avalanche as opposed to, say ... Ethereum?

Excuse me while I puke my guts out. #EthereumPuke

Okay, so, I don't like paying $260 fees on a $100 transaction as much as the next guy, and I've written extensively about this, but, okay, so, why not Tron or Polygon, the two blockchains competing for the 'slowest transaction processors in the World"?

They both win, btw. 🙄

Why not Terra nor Harmony?

Because I don't like crying every. single. day.

I mean, every. single. day there's a new horror story on one of those blockchains now.

Sad, really.

I don't have time for 'sad.'

Why not Fantom Opera (cool name for a blockchain. Snaps), nor Algorand, nor The Graph, nor ... [name an alt blockchain here]?

"Hellooooooo? Echooooooo, echo-echo-echo!"

Their TVL, combined, is less than mine, for chrissiks! ... or it's gonna be, smh. 

That and Fantom's @GeistFinance and Polygon's @0vixProtocol have a vesting period for their yield tokens?

Lame.

You want to bring value to your yield tokens, BRING VALUE TO YOUR YIELD TOKENS BY MAKING THEM HAVE INTRINSIC WORTH! Locking FOR 3 MONTHS them just pisses me off now.

So, that leaves, um, ... Solana and Cosmos.

I could've gone either way: Solana or Avalanche, I'm glad I went Avalanche. Solana a bit too weird with their weird leveraged DEXen. And Cosmos had nothing until @TeamKujira came along (sorry, but it tru). Now Cosmos has something.

So, all my liquidity is in Avalanche (see above), but all my development work is around @TeamKujira.

Which means what, exactly?

Nothing. I'll continue to fund Avalanche because Avalanche just. frikk'n. works. for me, and I'll continue to explore Kujira.

So, you've seen what does and doesn't work for me.

Now, let's explore why Avalanche works for me.

Firstly, Avalanche works FOR ME. Each investor is different!

I'm a yield-farmer, FRIST and foremost, and Avalanche, with it's near-0 fees, and @AaveAave and @BenqiFinance both providing leveraged yields, manifested in token form as well as in APR (unlike the sucky MATIC-MaticX strat on Polygon), is just durn near perfect for me. 

Why? It's durn-near perfect because:

1. I collect yields on supply, x1 work.
2. I borrow, collecting yields on borrow, x2 work.
3. I INVEST in, say @TeamKujira-experiment, and pay back my self-loan with the gains, x3 work.

My investment money is working 3x for me using this approach.

You may say, "Well, you can do that on @Bybit_Official."

Fair, and thanks for pointing out that CEX, but I'm a Defi-boi. I want my money to be in MY wallet and earning income for ME. I want somebody else to be free to set up a DAO so I can try it out, if I want.

You may say: "C'mon, geophf! You and I both know that @mirror_protocol and @anchor_protocol were VERY centralized."

Fair, but look what happened there. 

Benqi and Aave know their place. They are NOT going to overextend their algorithmic stable coin. They don't even have one!

It boils down to this: with Avalanche, I put my money into the money markets, putting it to work, yielding me those frezsh yieldszorxen, then borrow (ooh! more yields!) to invest into experiments elsewhere.

Avalanche works for me. It has a very simple approach I understand.

2022-11-01 Aave AVAX loop APR report

Let's transfer to my Avalanche wallet some $AVAX I just purchased on a buy limit order on the advanced @coinbase order book. 

I swap these $AVAX to $sAVAX on @KyberNetwork, which is the place to do this swap, 

then supply the $sAVAX, not to @AaveAave, as it is now $sAVAX-capped (!!), 

but to @BenqiFinance, then I immediately borrow half that in $AVAX, ... growing the supply 2x faster than the borrow.

2022-11-01 @AaveAave $AVAX loop APR report

APY 16.80%

APR 19.45%

all yield collected: 7.53 $WAVAX on 2022-11-01

yields, incept: 2022-10-14

yield collected for 18 days

With $AVAX at $18.74 that is $7.84 collected per day (avg)

We'll start to see yields/day creep up over time.

What do I do with the @AaveAave $WAVAX-yields, now that $sAVAX supply is capped?

Aye, that's the rub, m'hearties!

My approach is as follows:

• Supply 50% $WAVAX-yields on @AaveAave marketplace

• Repay 50% $WAVAX-yields to $AVAX borrow on @AaveAave 

Let's see how this goes over the long-haul.

Daily cryptocurrency income report, 2022-10-31

Daily #cryptocurrency income report, 2022-10-31 : $10.70 *

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

This report ALSO doesn't include the $2,500 I lost on a leveraged short of $AVAX. Eheh. Um. 😅😭😭😭

2022-11-01 Benqi Finance $AVAX loop APR report

2022-11-01 @BenqiFinance $AVAX loop APR report

APY 9.71%

APR 13.51%

Nothing to see here, just Benqi doing Benqi-things. 😎