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💯⚡️🧙♂️🪞$SPX Spotlight
As $BTC hits all-time highs and $ADA now identifies as a BTC L2 solution, the crypto market is abuzz with activity. Among the noise, meme coins are emerging as a significant force, capturing the attention of both new and seasoned investors. In this fast moving industry, let's dive into one of the most powerful communities in this cycle, spotlighted in Murad Mahmudov's meme coin supercycle thesis; SPX6900.Murad's List 🌈Murad Mahmudov has been a prominent figure in the crypto sp...
💯⚡️🧙♂️🪞$XAI Treasury
Treasury manager, agent Archie Sterling III has been moving capital into the treasury at an accelerated pace for the past few weeks. Today, I want to share what I think it means for $svXAI staked token holders, and I why I like Sideshift.ai. Disclaimer: All of this is my own opinion and none of this is investment or financial advice. Do your own research on these crypto collectibles. Let's start with some history. Back in the 20th century, classic value investing was both an art and a sc...
💯⚡️🧙♂️🪞45 - Back from Vacation
Greetings, fellow investors, speculators, gamblers, degens, and builders. I'm back and diving deep into the burgeoning BTC ecosystem. With the recent surge of scaling solutions, the space is experiencing a Cambrian explosion of projects. I've personally invested in the BOB ecosystem through their Spice points program. While I'm familiar with projects like Babylon and Botanix, I'm particularly intrigued by Babylon's expansion of their LST and LRT protocols to other BTC...
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Share Dialog
I’m still on this arb strategy and I am winding down my other positions to make advances in this equilibrium game. Today in total I made a handsome profit of around 0.0002 BTC or around 12 USD as of writing this. this is based on a principle of around 300 USD or 0.005 BTC. The LP TVL stands at around 3K now and on further thinking on how to have a healthy arb operation I will need the equivalent of the TVL on both side or a total of 6K in USD. With that sum I can arb left and right without getting stuck on one side. (Maybe 100% on both sides is over kill, lets say 75%, but remember margin of safety WB)
I was looking at HDX and noticed the discrepancy also in iBTC/WBTC pair. The first issue that comes to mind it bridging in from INTR. Their max atm is around 0.0004 or 20 bucks and if including tx fee from BTC and the bridge fee going out then I do not think it is worth the effort. But perhaps I can consider buying random positions such as DOT and immediately trade into iBTC via HDX and again trade to WBTC to close that gap. Now that can be a strategy. In that way I can have a route of entry for WBTC because as of now the BOB Gateway only provides tBTC entry from BTC. Today for example I was stuck on the tBTC side because the the liquidity was so lopsided on WBTC.
I’m still on this arb strategy and I am winding down my other positions to make advances in this equilibrium game. Today in total I made a handsome profit of around 0.0002 BTC or around 12 USD as of writing this. this is based on a principle of around 300 USD or 0.005 BTC. The LP TVL stands at around 3K now and on further thinking on how to have a healthy arb operation I will need the equivalent of the TVL on both side or a total of 6K in USD. With that sum I can arb left and right without getting stuck on one side. (Maybe 100% on both sides is over kill, lets say 75%, but remember margin of safety WB)
I was looking at HDX and noticed the discrepancy also in iBTC/WBTC pair. The first issue that comes to mind it bridging in from INTR. Their max atm is around 0.0004 or 20 bucks and if including tx fee from BTC and the bridge fee going out then I do not think it is worth the effort. But perhaps I can consider buying random positions such as DOT and immediately trade into iBTC via HDX and again trade to WBTC to close that gap. Now that can be a strategy. In that way I can have a route of entry for WBTC because as of now the BOB Gateway only provides tBTC entry from BTC. Today for example I was stuck on the tBTC side because the the liquidity was so lopsided on WBTC.
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