@SupernovaDEX The TVL and the fees have dried up so much that you will never get your money back even with 268% rebate rate. I wish it wasn't so, I burnt in the season 1, because didn't expect a collapse this quick.
@SupernovaDEX If there were more pools that require less frequent rebalancing than CL-10, probably it would make more sense to provide liquidity. More liquidity hopefully could help the fees to reach numbers that make burning NOVA reasonable. So far burning NOVA has been a waste of money.
@OGDfarmer I actually was swapping gold for Bitcoin in Q1 2017, when 1BTC was slightly cheaper than 1oz of gold. And then wasted majority of it on alts.
@SupernovaDEX Great! $185K fees divided by 464M veNOVA is about $0.0004 per veNOVA. In other words, people that burnt NOVA at ATH will need 60 years just to break even. And the amount of veNOVA will probably grow faster than the fees generated like it happened with veBLACK.
@SupernovaDEX BLACK needed 3 months to drop from the ATH at about $1.3 to $0.15, NOVA has done the same in 3 days. That isn't the improvement we were looking for. Do you have any ideas how to improve the situation? Printing extra veNOVA rewards would just make things worse long term.
@DigiSlinger@SupernovaDEX NOVA futures would tremendously help with TVL. It's disheartening to provide liquidity in a token that is dropping this fast. If there was an option to hedge by shorting it, providing liquidity in NOVA pools would be a no brainer.
@Aiidiction@SupernovaDEX Now it's even lower. BLACK needed a month to drop this much. Token printer go BRRRR is not a sustainable strategy. AERO chart isn't this ugly and has some bounces along the way. BLACK and NOVA just relentless selling with no significant bounces.
@elliotrades@SupernovaDEX Trusting derivatives is dangerous. I remember staking xusd/usdc on Blackhole, thinking stable coins are safe. I ended up with lots of useless xusd, when it depegged.
@Riosweb3@Hustlepedia If you deposit in NOVA pools, the value of your principle will drop a lot faster than you will be able to earn back even with thousand percent APY. Today I earned about $220, but my stake lost $1100 due to NOVA price dropping like a rock.
@elliotrades@SupernovaDEX Blackhole is a great DEX for users, but has been very painful financially for early BLACK burners. I hope Supernova will have a better tokenomics with less dilution. Token printer goes BRRRR is bad.