Wotcha Glitches! Today we took the opportunity to withdraw $FXRP collateral that was accrued at an average of $1.07 and sell at $1.18 holding the proceeds in USDT0. Our position is now: LP: $0.6176 LTV: 40.13% LLTV: 77% APY: -2.27%. Our outlook remains bullish for the next few weeks but as always if we start to tank we have the capital to EASILY defend our position. In the meantime the that we purchased at an average of sub $0.007 is doing, well, rather well as you can see 😎. We will continue to use staking rewards to buy $FXRP to increase our collateral position and reduce our LP targeting $1.50+ for the sale and repayment price. So far these treasury operations are playing out as we hoped they would! If you're following along or would like to learn more let me know in the replies.
hoos.crypto ☀️🏴☠️🧊Share
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