Let's do the ETHBTC-THANG!
I pull the $ETH and $BTC prices from @osmosiszone and record them onto my SPREADSHEETSZORXEN!
Do you see that huge swing of the ETH/BTC-ratio?
Yeah. We're selling $BTC for $ETH today. 😢
Now, my 😢 is telling.
I should have no feeling that I'm selling all my (overpriced) $BTC for (underpriced) $ETH, and simply trade one for the other as the ratio and EMA20 guides, ...but here I am, being sad.
I should rename these coins to $BLOOP and $FLOOP so I won't care, no?
2023-10-02 ETHBTC-THANG! Day 127
The ETHBTC-THANG!
- swap 0.00851 $BTC
After swap:
ETH: 6.45640 BTC: 0.0073
Total: $10,928.96 TVL EMA-20: $9,684.73
n.b.: TVL EMA-20 indicates that ETHBTC, itself, is overvalued.
ROI: 3.65% APR: 10.49%
Okay, so I need 0.008 $BTC to swap to $ETH. I get that from two sources:
- pulled from @TeamKujira Ghost (my reserve)
- leased from @NolusProtocol after a spike
I bridge the funds, then I swap on FIN where $wBTC is priced highest.
Fortunately, the lowest priced $wETH is found on the wETH/axlUSDC @TeamKujira FIN board,
...so the trade path from $wBTC -> $wETH is a straightforward one:
- $wBTC -> $USK -> $axlUSDC -> $wETH
C'ya tamarrah!*
*You did not know 'tomorrow' had only 'a's as vowels.
Now you do.
