"Became a merchant" Challenge Diary (after 20 weeks)

Hi!

At the beginning of this year, I started a challenge related to Splinterlands Market Pools. You can read about it in this post

In this article, I would like to share the status after the first 20 weeks.

What do I do every Sunday?

As I described in my initial post, I provide 10k DEC worth of liquidity to the five pools (2k each) each week. I also try to maintain the balance between them (20% each), so if one liquidity contains more value, I will put less DEC into that.

Steps for each pool:

1. Calculate how much DEC I will invest in the pool (e.g., 2000 DEC)
2. Buy the particular asset for half of the DEC (e.g., GRAIN for 1000 DEC)
3. Put the remaining DEC and the asset into the corresponding pool (DEC-GRAIN)

Why are we starting immediately with a -10% loss?

I wrote about this in my first article

Aggregated transactions (week 11-20)

Market	DEC Investment	Asset Investment	Asset Amount	Average Asset Price
VOUCHER	6,486.274	7,207.085	215.505	33.44277
GRAIN	9,498.855	10,554	735,865.127	0.01434
WOOD	8,981.692	9,979	352,597.682	0.02830
STONE	9,815.116	10,905	99,858.249	0.10920
IRON	12,589.004	13,987	42,150.936	0.33183
Total	47,370.941	52,632.085

Asset price changes

Name	Initial Price (01.04)	Current	Change	Change %
VOUCHER	35.58400	34.43152	-1.15248	-3.24%
GRAIN	0.01944	0.01309	-0.00636	-32.70%
WOOD	0.06310	0.02822	-0.03488	-55.27%
STONE	0.09417	0.09721	0.00305	3.23%
IRON	0.49252	0.25513	-0.23739	-48.20%

Currently, only the change of STONE is slightly positive :S

Portfolio Status

Market	Investment	DEC Value	Asset Value*	Total DEC Value	Profit	Profit %	Percentage
VOUCHER	34,301	18,134	16,321	34,455	154	0.45%	20.07%
GRAIN	41,040	18,009	16,208	34,217	-6,823	-16.63%	19.93%
WOOD	40,739	18,135	16,322	34,457	-6,283	-15.42%	20.07%
STONE	38,438	18,037	16,233	34,270	-4,168	-10.84%	19.97%
IRON	45,479	18,026	16,223	34,249	-11,230	-24.69%	19.95%
Total	199,998.053	90,341	81,306.9	171,647.9	-28,350.153	-14.18%	100%

* Asset value = 0.9 x DEC value

Summary

We are nearly halfway and have a -4.18% loss relative to the initial 10%. Despite the huge negative price changes, this is not good, but not terrible 🙂. VOUCHER is currently the best-performing asset, and IRON is the worst.

We will see 😉

Thank you for reading this!

Peter

• https://splintertrends.com
• https://splinterlands.com?ref=peter.quill