As we discussed, I put my liquidity into the $aster / $BNB pool on @PancakeSwap , with an insane APR over 2000%. The potential for profit was huge! ๐ธ๐ธ
But the hype narrative was even stronger than expected. Within just two days, $aster โs price out of my set price range๐๐
$aster just went absolutely parabolic, pumping 900%+ with over $100M in volume. Is it just for degens? Nope
There's a smarter, more "chill" way to earn from this epic pump. Let's talk about becoming a Liquidity Provider on PancakeSwap to turn this hype into passive income
๐ฐ๐
Pug Society is here! ๐ฅ
12 unique pixel pugs. FREE mint on Base.
Like + RT & DROP YOUR WALLET below for GTD WL
First 100 wallets only!
Whoโs joining the gang? Letโs make some noise!
๐ฐWith a simple calculation, my net profit is: $30.27 (fees) - ~$6 (IL) = ~$24.27
The strategy of converting high volume into fees works. Even with Impermanent Loss, the fee income was more than enough to cover it and deliver a significant profit
#DeFi#LPArmy#CryptoCommunity
As we discussed, I put my liquidity into the $aster / $BNB pool on @PancakeSwap , with an insane APR over 2000%. The potential for profit was huge! ๐ธ๐ธ
But the hype narrative was even stronger than expected. Within just two days, $aster โs price out of my set price range๐๐
$aster just went absolutely parabolic, pumping 900%+ with over $100M in volume. Is it just for degens? Nope
There's a smarter, more "chill" way to earn from this epic pump. Let's talk about becoming a Liquidity Provider on PancakeSwap to turn this hype into passive income
๐ฐ๐
Results Breakdown:
๐Impermanent Loss (IL): My position dropped from ~$243 to ~$237. This is the Impermanent Loss we talked about. The pool auto-sold all my $aster for $BNB.
๐Fee Profit: But here's the amazing part! In less than 48 hours, I managed to collect $30.27 in fees!
$aster just went absolutely parabolic, pumping 900%+ with over $100M in volume. Is it just for degens? Nope
There's a smarter, more "chill" way to earn from this epic pump. Let's talk about becoming a Liquidity Provider on PancakeSwap to turn this hype into passive income
๐ฐ๐
4โฃ ๐ ๐ข๐ง๐๐ฅ ๐๐๐ค๐๐๐ฐ๐๐ฒ
Becoming an LP for a high-volume, high-hype token like $aster is a high-risk, high-reward play. It's a strategic move to capitalize on a rare market event.