yieldfarming Profile picture
Yield farming. Stablecoin maxi. Most tweets deleted in ~24h

Mar 14, 2023, 9 tweets

Might put logs of some fun arbs I got out of this depeg event, mostly to brag and partly to avoid doing homework

Most are just a couple dollars arbs, legit just was sitting on my laptop as I always do, submitting txns for arbs and made like 200$/hour lel

but sometimes the gap is wide (esp when depeg was deep) and had pretty nice room for good arbs

just a couple snips, if you ever bother to check my wallet the profit margin was very deep when the depeg was over 2~3% and pretty robust, think I made 10k/day easily from the scalp arbs alone

But the main reason I felt proud of this is because of this specific play:

As USDC depegged away from DAI, I noticed the depeg is pretty light on Kava/BSC and arbed it out.

Initial capital 57417+110630 = 168047
Final capital 179153
Profit 11k, duration 40 minutes

I also backran it (with smaller size) when the PSM opened like 12 hours later, depeg was only like 1.1% on kava so I was only able to scalp a couple thousand on the ride back

idk I'm trying to dig deeper to find my arbs on the initial depeg so I'm just gonna post/flex about a couple more arbs as I endlessly press "more" on debank

btw you can see that I was paying 10$ in gas on fantom to swap and arb this

I don't wanna go on cuz I probably have around 1k txns of arbs and showing them more isn't productive

Anyways, I was the first to buy USDT on Kava and arbed it, (~40bps spread, +5k?)

Unfortunately kept most of profits on USDC and went out for dinner oops

Gave a friend 60k for memes, he made 100$ while watching netflix with me.
- doesn't know crypto
- called arbing the same as merching on maplestory (??)

Even this guy made money, I feel like it was a pretty low level task

0xaab12a15ab558d93ca4669cfe46c4ac71337b0ef

Of course, I only post cuz it's no longer possible. My money, not yours🫡

Shoutout to @0xngmi, llama aggregator boosted the execution time/profitability of hand arbing across chains significantly

Made a modest 1eth donation for it:
etherscan.io/tx/0xa9bfe7442…

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