ArtGobblers is the most hyped NFT by far the past few weeks
Here was how I along with @OttoSuwenNFT and @ben_leimberger managed to win the @ArtGobblers competition against other top NFT bots during the 2-week-long test competition despite all the psyops and collusion 🧵👇
Note:
Arbitrage:
Here only includes atomic arbitrage and doesn't include stat arb, cross-chain arb, etc
Liquidation:
Here only includes liquidation on Solend. The other protocols have a much smaller liquidation volume, except Mango and Larix, which had a bug.
Some liquidators also got rekt decent amount because they liquidated UST, sold UST in different transactions, and got rekt from Slippage, so the profit might be a little off.
I calculate the total arbitrage in the past 7 days following UST/LUNA collapse.
Here are what I found:
- total arbitrage profit: $2,743,624.75
- total liquidation volume $40,514,596.20
- total liquidation profit $2,025,729.81
Let's start with Arbitrage ⚡️
- total liquidation profit past 7 days $1,469,665.57
- In comparison, the total Arbitrage profit last 60 days is only $2,155,913.25, excluding the past 7 days
The chart below shows arbitrage activity past 60 days
NEAR Edges 🧀:
- $800m+ in ecosystem funds from basically all the VCs
- $USN
- Thriving NFT community
- Sharding
- Aurora - faster EVM chain than AVAX-C-chain
- Trustless Rainbow bridge
2/x
NEAR USN 💸:
The repo binary-star was leaked. The design and incentive structure is very similar to Terra UST.
There will be 3 stability mechanisms:
- NEAR and stablecoin Reserve Fund backed
- On-chain arbitrage contract
- StableSwap stabilization