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24287795 No.24287795 [Reply] [Original]

PIPT is the Power Index Pool Token. Basically the token representing an exchange traded DeFi index.

I calculated the TVL based on this: https://etherscan.io/address/0xb2b9335791346e94245dcd316a9c9ed486e6dd7f

Which is $617, 019.13.

Divided by the total PIPT supply here: https://app.powerpool.finance/#/mainnet/pools/shared/

Which is 549, 587.64 PIPT.

Giving a total of ~$1.1228.

PIPT trades on Uniswap for $1.24 according to CoinGecko: https://www.coingecko.com/en/coins/power-index-pool-token

That's 617019.13/549587.64 = 1.12.

That means for every $1.12 I spend minting a PIPT token, I'll make 12 cents profit or roughly 10%.

Volume is only 37k but it's enough to make a few hundred fairly easily. Can someone check my maths here? Is that correct? Am I missing something obvious?

>> No.24287834

Arb is a scam. Go shill your pajeet coin elswhere

>> No.24287850

Don't you dare disgrace my flag like that pajeet

>> No.24288013

>>24287834
Wtf?

Arbitrage is 1000s years old and it works.
It all Depends on the arbitrage gap, it has be sufficient enough to give you profit and compensate costs of fees and stuff.

It the case of PIPT, the gap is around 10-12%, so it should work fine

On top of that, CVP was listed in binance and huobi. If they list PIPT as well, arb will be even more easier

>> No.24288025
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24288025

>>24287850
>>24287834
How's it a pajeet coin when it's been shilled by every top DeFi KOL and listed on Binance, Huobi, OKEx and followed on Twitter by the head of listings at Coinbase?

Fucking retards.

Now, can anyone tell me if there are some hidden fees I'm missing?

>> No.24288045

>>24288013
Is there a way to calculate Uniswap gas fees? That's the only thing that will catch me out I guess.

>> No.24288116

>>24288045

The fees are fixed, you need to trade with $3-4K orders to have nice profits

>> No.24288130

>>24288025

oi, go fuck yourself and show me some proofs

>> No.24288486
File: 8 KB, 192x192, 2020-11-05 20.48.57.jpg [View same] [iqdb] [saucenao] [google]
24288486

>>24288116
So from a 4k PIPT arb I'll make like $340 before gas fees?

>>24288130
You wanna see my hand buddy?

>> No.24288592

>>24288486

yes, show me that arbitrage bullcrap

>> No.24288772
File: 100 KB, 1280x1280, photo_2020-11-26 11.28.58.jpg [View same] [iqdb] [saucenao] [google]
24288772

>>24288592

I'm aint a pro or something, but arb is 100% works.

Found this on the PP discord

>> No.24288807
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24288807

bottom left corner (-_-)

>> No.24288903

>>24288772
That's where I got the idea from kek