What, can I become a Luna arbitrager? ✌️
Heard all this business on arbitraging, but thought, no ways, thats too hard? If you have some LUNA sitting around and you not quite sure what to do with it, but you do have 15 minutes a week? Good news, you can also do this on a weekly basis for 1% to 4% gains every time you swap.
Although this is more work than staking, you do get the results in LUNA directly, rather thank in tokens which then require more work and risk. In a bear market, arbitrage will be higher than normal, so its a good chance to increase your coin count.
So, lets keep this short & sweet…
The steps are not hard and you can calculate the yield as below. Now, this can be a monthly exercise, or you can do it with 1/3 of your LUNA every week for a more averaged result.
- Bring up anchor protocal and terra swap side by side
- In terraswap, enter the LUNA you have to swap for BLUNA
- Now in anchor protocal, enter the BLUNA amount to see the resulting LUNA you will receive
- If you are happy with the % increase, then go ahead and make the swap in terraswap and then in anchor.
If you are not happy with the % increase, dont swap, just check back the next day. A good rate is 2% to 4%
Now, wait the 21–24 days to claim your LUNA and start the process over again.
You can do this once a month, a week or a day, simply depends on how you can break up your LUNA. At the very least, you should be doing it once a month to receive anything from 20% — 50% yield over a year.