@0xEthan Seems like the only way to get gold is by gambling or by spinning that wheel once a day with a 1/20 chance. Yehhh no ones gonna get rich from this
The pool can start at 50/50 split of the quote token and sol, the depositor sets a price range, if price rises out of range your position is converted completely into the sol. If price falls out of range your position is converted completely into the quote token. These pools showing in OP don’t necessarily mean the lp providers are bad actors trying to dump the token. A huge sell off for, example insiders holding large bags could trigger prices to drop below the ranges set by liquidity providers therefore leaving them fully holding the quote token and also taking a massive loss when they sell. So usually when you see dlmm pools as top holders, a bunch of lp providers also got rekt!
If the depositor initially deposits only quote token, a large amount at a certain range then that is like placing a limit sell at a certain range, i guess this could be considered nefarious if the depositor had an incredibly large token amount in order to supress prices.
@badattrading_ these pools are showing large holdings of the token, therefore they will act as huge sell walls when price hits their target range. You want the opposite, the pools which hold low amounts of the token but high amounts of sol, which act as support under current price.
@0xEthan@chooserich if you take the top 50 traders and add there profits together it doesn't even break 500k, how is it even possible that anyone got 1 million out of this.
@sol_nxxn Got $11 after paying the $7 signup fee, so currently sitting on +$4 not bad for 4months worth of holding my assets in their ecosystem. That's 1 dollar per month! wow!!