Gravity DEX Competition : An Event for Exciting Arbitrage Opportunity Soon!

B-Harvest
Tendermint Blog
Published in
2 min readMay 7, 2021

Hello Gravity DEX Competition traders! Good morning/afternoon/evening, wherever you located. How is your trading going?

We would like to introduce an economic intervention event on ongoing Gravity DEX Competition. I am very aware that traders are currently desperate to find new trading opportunities to make more profit to win the game. I know, it is juicy and addictive to accumulate the profit!

Currently, the Competition market is in stall mode. Especially pools with LUNA token is in distorted pool price situation compared to the global market. We are still not very sure about the reason, but it seems that the Competition market lost its native market rebalancing ability now. See below snapshot…

So, we decided to economically impact the Competition market on ATOM/LUNA pool so that the pool price can become close to the global price. Then, there will be lots of exciting arbitrage opportunities for traders to gain juicy profit for better trading score! Please check out the github repository for our automated pool price intervention algorithm.

Then, how can you take advantage from the event? Basically you buy LUNA on ATOM/LUNA pool, sell LUNA on any LUNA pool with premium to gain the arbitrage profit. Traders can repeat this strategy until the market itself find its equilibrium. You can become the Invisible Hand.

The market intervention by B-Harvest will take place from May 7 UTC 15:00. If you don’t miss the chance for huge profit, please be ready at the market intervention schedule. And, have fun collecting easy profit!

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