@arbitrum paid $9m to Ethereum in L1 fees in May and STILL made over $1m net revenue
Imajin the smell with eip4844 enabled
Sauce: https://t.co/6dAgxh2PEX
Step 5: Adjust range as needed
The best situation is the price stays in your range forever, then you’ll be rich with fees.
If price falls below your range, you could choose to wait for it to come back, or remove LP and hold the token.
If price shots above your range, you could also choose to wait or adjust your LP to a higher range.
In my run I closed the LP position when $ETH dipped below $1500, and eventually it went to $1300. But I held, and it eventually went up to over $2000, and now sitting at around $1850.
Step 4: Compound earnings
Claim fees and re-add to LP to compound earnings.
Could use tools such as @revertfinance which have auto-compounding feature to make compounding easier.
hk residents has zero bidding power for crypto.
50% population are >60 yrs old
40% population hates crypto/dont know what it is
9% population are young hipsters that wants to buy but have no money
1% are ultra rich ppl that only buy lands and buildings
BUT it might be a gateway for Chinese retail flow