Monday, January 8, 2024

Arbitrating X and USK on Kujira ORCA

INJ


Arbitrating BOTH $USK AND $INJ, using @TeamKujira ORCA.

  1. bid 100 $USK on liquidated $INJ
  2. wait
  3. claim 3.6 liquidated $INJ on ORCA

  1. sell 3 $INJ for 118 $USK (gained 18 $USK)

  1. keep 0.6 $INJ FO' FREE (gained 0.5 $INJ)
  2. loop ad infinitem.

Easy-peasies! 

stATOM


Arbitrating BOTH $USK AND $stATOM, using @TeamKujira ORCA.




  1. bid 30 $USK on liquidated $stATOM
  2. wait
  3. claim 3.36 liquidated $stATOM on ORCA
  4. sell 2.8 $stATOM for 36 $USK (gained 6 $USK)
  5. keep 0.5 $stATOM FO' FREE (gained 0.5 $stATOM)
  6. loop ad infinitem.

Easy-peasies! 

Theme: arbitrage on ORCA

... do you sense a theme developing here?

Yes, I've developed a new-for-me approach to arbitrage using @TeamKujira ORCA.

ATOM




... ditto for 3.2 $ATOM, however this was a wee bit too close to call, so I'm just arb'n the $USK with this one.

DOT




... $DOT, however, did much more nicely at a 16% discount. I sell-back on @TeamKujira FIN to continue the $DOT and $USK arb on ORCA

LUNA

$LUNA is an interesting exception.



The premium is so close to market, and the price is so depressed right now, that it's better that I simply keep this $LUNA I've gained and hope, someday, the Great Do Kwon will restore $LUNA to its former, $100+-per, glory.

MNTA

$MNTA is another exception.



I got a good discount on it, at 12%, but I got so few $MNTA there's no point in a looped arbitrage here.

I withdraw my bids and call it a day for $MNTA

stOSMO



Same for $stOSMO: I claim a smol amount of $stOSMO, so I'll just keep it and try again later with a new arbitrage-approach on ORCA.

Sunday, January 7, 2024

2024-01-07 ETHBTC-THANG! Day 224

Let's do the ETHBTC-THANG!

I record the price of $ADA from @Indigo_protocol and the $ETH and $BTC prices from @Levana_protocol.






Here's to @Levana_protocol returning to fine form in the near future!

The EMA20 indicators HELLA dipped,




...showing

{ $ETH, $BTC } -> $ADA

is favored.

2024-01-07 ETHBTC-THANG! Day 224








  • swap 0.00642 $BTC

After swap:
ETH: 4.94426 BTC: 0.0370

Total: $12,481.73 TVL EMA-20: $11,244.76
n.b.: TVL EMA-20 indicates that ETHBTC, itself, is cruising!

ROI: -3.62% APR: -5.90%

ETHBTC-THANG! says swap $BTC to $ETH. I  recovered some $BTC from @Levana_protocol, so I IBC it over to @TeamKujira and move it to my ETHBTC addy.




Then I bid 0.00642 $BTC for $KUJI as that FIN order book has the highest-priced $BTC.


The rest I deposit into Ghost at 19% APR. 🎉



And, good news! Two orders on FIN $wETH boards hit, one for some $wstETH from $wETH and the other from a ç„¡BTC -> $ETH swap.




I'm converting some of my $wETH to $wstETH to mint $USK for leverage when @Levana_protocol returns to operability.


The wBTC/KUJI sell-order hits, netting me 65 $KUJI, and in a bold (?) move, I sell that $KUJI for $LUNA.



What an interesting path this $BTC -> $ETH is taking me on! 

My @SumoKuji vault report, 2024-01-07

While I'm doing the ETHBTC-THANG! I'm also doing my @SumoKuji vault report.

Why?

The market downturn have made several $NSTK buy catch-all orders hit, growing my $NSTK-bag.




I grabbed this $NSTK (okay, no jokes here, you guttersnipes! Sheesh!) at ~15.2¢-per, which is great, because the current market price is 16.4¢-per.






I replace my filled catch-all orders and transfer the claimed $NSTK to my @SumoKuji wallet addy and add to my SPREADSHEETZORXEN! 







My @SumoKuji vault report, 2024-01-07







current value: $5,084.03
still to acquire: $3,913.81
vault target value: $94,629.94

There is housekeeping that must-needs be looked after. Because of $LUNA's price-plummet, I mint $USK against $STARS to rebalance the $LUNA-mint.




You may recall, this was supposed to be paid down by now with @Levana_protocol working, so I wait for the return of leveraged trading.

Then there's the whole staked $FUZN-fun.

  1. Staked $FUZN gives you $yFUZN.
  2. $yFUZN gives you yields.
  3. Currently $yFUZN is yielding at 0.00%. 

So I'm unstaking everything over 21 days to get my liquidity back from a protocol where you stake to get nothing for it.





What a (sad) joke.

On the positive side, my $qcMNTA on @TeamKujira FIN below protocol price. 




It's currently earning 13% APR.

I started with 1,223 $MNTA, and, looking at the unstaker, I'd be getting back 1,244 $MNTA.

My plan is to HODL or trade-trade-back this asset, growing it with arbitrage.

Thursday, January 4, 2024

2023-12-31 Kujira FIN order books: PnL

2023-12-31 @TeamKujira FIN order books: PnL






Profit: $13,251.989
Loss: $22.916
subtotal: $13,229.073
fees: $3.736
commission: $23.742
total costs: $27.478

Total profit (or loss): $13,201.596 on 149 trades
average: $88.601 per trade

11 liquidations at a 10.02% premium (avg)

Team Kujira assets in play 2023-12-31



total asset value: $31,783.01

December 2023 @TeamKujira PnL by FIN Order Book



  • most profitable: ampKUJI->KUJI, $1,902.93
  • most lossy: ampWHALE->WHALE, -$19.56
This month's trades were kinda 'weird,' in that it wasn't the major tokens that got the lion's share of the gains, but some esoteric one-offs.

I don't know what the takeaway from this is, so I'll just let it sit for a while and see what germinates.