"Became a merchant" Challenge Diary (Status @ Halfway)
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 25 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 a balance between them (20% each), so if one liquidity pool contains more value, I will put less DEC into it.
Steps for each pool:
- Calculate how much DEC I will invest in the pool (e.g., 2000 DEC)
- Buy the particular asset for half of the DEC (e.g., GRAIN for 1000 DEC)
- 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 21-25)
| Market | DEC Investment | Asset Investment | Asset Amount | Average Asset Price |
|---|---|---|---|---|
| VOUCHER | 3,006.662 | 3,340.770 | 94.821 | 35.23239 |
| GRAIN | 7,537.042 | 8,374.000 | 812,114.789 | 0.01031 |
| WOOD | 2,999.853 | 3,333.000 | 101,056.642 | 0.03298 |
| STONE | 4,765.031 | 5,294.000 | 55,791.104 | 0.09489 |
| IRON | 5,375.331 | 5,972.000 | 24,839.638 | 0.24042 |
| Total | 23,683.919 | 26,313.770 |
Asset price changes
| Name | Initial price (01.04) | Current | Change | Change % |
|---|---|---|---|---|
| VOUCHER | 35.58400 | 54.12100 | 18.53700 | 52.09% |
| GRAIN | 0.01944 | 0.00857 | -0.01088 | -55.94% |
| WOOD | 0.06310 | 0.03133 | -0.03176 | -50.34% |
| STONE | 0.09417 | 0.09139 | -0.00278 | -2.95% |
| IRON | 0.49252 | 0.22375 | -0.26876 | -54.57% |
Currently, VOUCHER has a nice 52% price increase, and STONE is slightly down. The rest of the assets are in an average 50% minus.
Portfolio Status
| Market | Investment | DEC value | Asset value* | Total DEC value | Profit | Profit % | Percentage |
|---|---|---|---|---|---|---|---|
| VOUCHER | 40,648 | 27,314 | 24,583 | 51,897 | 11,248 | 27.67% | 23.54% |
| GRAIN | 56,952 | 21,689 | 19,520 | 41,209 | -15,742 | -27.64% | 18.69% |
| WOOD | 47,072 | 22,308 | 20,077 | 42,385 | -4,687 | -9.96% | 19.22% |
| STONE | 48,497 | 22,458 | 20,212 | 42,670 | -5,827 | -12.01% | 19.35% |
| IRON | 56,827 | 22,271 | 20,044 | 42,315 | -14,512 | -25.54% | 19.19% |
| Total | 249,995.742 | 116,040 | 104,436 | 220,476 | -29,519.742 | -11.81% | 100% |
* Asset value = 0.9 x DEC value
Summary
We are halfway now and have a -1.81% 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 GRAIN is the worst.
I'm looking forward to something that breaks the stagnation of material prices. That will be my moment 😉
Thank you for reading this!
Peter
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