yieldfarming Profile picture
Mar 14, 2023 9 tweets 6 min read Read on X
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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More from @delucinator

Mar 10, 2023
btw shoutout to Vela for saying they will communicate all mint/redeem fees in advance then adding a 0.3% mint/redeem (redeem was never planned), effectively stealing from all users
-4.2k from this thievery
Like sure, they said they might, so adding 0.3% without announcing so as stated is scummy but maybe ok

BUT THEY LEGIT NEVER SAID ANYTHING ABOUT A REDEEM FEE

60m of VLP is now trapped, paying 0.3% exit fees lemao
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