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rnbguy/spread_loss.sh

Created May 11, 2022 11:10
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Computes current loss to burn UST for LUNA
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spread_loss.sh
#!/bin/bash
# prints current loss percentage due to burning UST for LUNA
# requires: curl, jq, bc
luna_rate_via_burn=`curl -s "https://fcd.terra.dev/terra/market/v1beta1/swap?ask_denom=uluna&offer_coin=100000000uusd" | jq -r ".return_coin.amount"`
luna_to_ust_exchange_rate=`curl -s "https://fcd.terra.dev/terra/oracle/v1beta1/denoms/uusd/exchange_rate" | jq -r ".exchange_rate"`
echo "(100 - ((${luna_rate_via_burn} * ${luna_to_ust_exchange_rate}) / 10^6))" | bc -l
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