jasonvu.tech (🦇🔈 ,💧,🐻⛓️)

Ex @KyberNetwork @KrystalDeFi. Builder at @VemoNetwork and @Brownfiamm. Trying to retire on yield farming.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@ruwaiting4 @brownfiamm thank you captain! 🫡

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

"Low IL like Uniswap V2, high yield like Uniswap V3" sounds too good to be true, but that is exactly what we are building toward at @brownfiamm .

Our latest version is almost ready to launch. Before we do, we want to make sure the pools are set up in a way that actually fits what LPs need. So we are running a short survey to understand your experience, your pain points, and what you look for when providing liquidity.
It takes 2–3 minutes and is fully anonymous:

https://t.co/weAaBwFSrc

If you know other LPs who would have useful input, please pass it along. 🙏

Thanks for your help @Neoo_Nav @itsvietquoc @0xcarnation @crypto_linn @jarvisnnn @lochie_sol @meta_world_peas @DeFiVoyager_X @NaveenCypto @DeFi_Perryy @DeFi_Ted @SpotWiggum @ruwaiting4 @ayvee_bera @Joedark01 @0xDevinG @0x_vikt0r

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@WaysHQ @MeteoraAG Let's think about LP like this way: it's not earning fees, but you're adding a range to buy the dip potential asset that you love.

Suppose that you're willing to buy ETH all the way down to $1,800. So you can add single-sided USDC to that range.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

I know many of you argue that my strategy/model does not completely eliminate IL. This discussion is mainly about IL theory and the mathematics behind it, and I am fully aware of that.

The point is that I never explicitly claimed in my article that “I can hedge IL.” This is a totally different story, I used to try that. Check my articles here:

https://t.co/ZflF3Ra9g3

IL still exists. I simply choose a different approach to avoid being heavily exposed to it. You can check the part about IL in my latest article again:

https://t.co/LgWUxd2aSw

Another important point is that IL mainly matters to market makers. If you are using AMMs like Uniswap to provide liquidity and earn fees as an MM, then IL is naturally part of the game. I am not approaching AMMs that way.

Instead, I use AMMs as a system of multiple limit orders to buy low and sell high, similar to spot trading on a CEX. And I can earn incentives (in extra) while waiting for my LOs are triggered.

In that context, explaining IL theory to a trader does not really address the purpose of the strategy.

At this point, I think the theoretical discussion should stop here. A strategy only matters if it works in practice, not just on paper. Because of that, I decided to create a separate wallet and apply my single-sided USDC strategy in real trading, with the goal of increasing my USD-denominated balance over time.

🍀 Initial setup:

- 1,000 USDT as starting capital
- Around 0.02 ETH for gas fees on Arbitrum (not included in performance tracking)
- I identified PENDLE/USDT as a suitable pair because of its recent volatility and strong movement
- I entered the position with a range of ($0.8,$2.2) using @KyberNetwork Zap function

🍀 Reasoning behind the setup:

- Worst scenario: if PENDLE falls below $0.8, I will cut the loss and move on to another opportunity.
- Base scenario: if PENDLE remains within the range, I simply collect trading fees and realize profits into USDT (or USDC) over time.
- Best scenario: if PENDLE rises above $2.2, I will already have gradually DCA-ed out through fees and trading execution. I can then close the position and move on to another setup.

👉 Put my Account here so anyone can track: https://t.co/tDwwAawfKI

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

https://t.co/sAQ7XUA5Uv

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@WaysHQ I'm lping $HYPE too, but on @MeteoraAG for bid-ask flip strategy which is similar to the playbook in my article, but it's better. So far so good.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

same energy here

[Mister Aboud @Mister_Aboud]

My new LP strategy is simple:

I don’t care if the token already pumped hard 👀
I enter with SOL only and set my DLMM range 50% lower.

If it keeps running → I farm fees
If it dumps → the position automatically buys lower.

And if the fees become weak, I exit fast even with a small loss.
At the end of the day, I only want pools that keep printing 🔥

solana:5hiLgyybrAYPpUwNFa38agfZ8iEtnahWKAPixcfspump

#Solana #Meteora #DLMM #LP #DeFi #Memecoins @MeteoraAG

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@SatanElRudo This is a wise choice though.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

Day 202 of stacking BGT until BERA reaches $10

Ok, so POL NEXT will come very soon which will consolidate all value back to one single yield-bearing token. I decided to redeem all BGT to BERA. Then swap them to swBERA.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

Day 179 of stacking BGT until BERA reaches $10

Long time no update due to "builder mode" turned on. But I still stay here and do go anywhere. And my cumulative BGT is 1,580 BGT.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@SatanElRudo This part says everything. Why need to wait for further info lol

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@meta_world_peas Ok, agree. No argument here.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@meta_world_peas Ok, so let's call it IL or unrealized PnL. Whatever.
Btw, here is the way I play with lping:

https://t.co/3auvlRNKrT

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

I know many of you argue that my strategy/model does not completely eliminate IL. This discussion is mainly about IL theory and the mathematics behind it, and I am fully aware of that.

The point is that I never explicitly claimed in my article that “I can hedge IL.” This is a totally different story, I used to try that. Check my articles here:

https://t.co/ZflF3Ra9g3

IL still exists. I simply choose a different approach to avoid being heavily exposed to it. You can check the part about IL in my latest article again:

https://t.co/LgWUxd2aSw

Another important point is that IL mainly matters to market makers. If you are using AMMs like Uniswap to provide liquidity and earn fees as an MM, then IL is naturally part of the game. I am not approaching AMMs that way.

Instead, I use AMMs as a system of multiple limit orders to buy low and sell high, similar to spot trading on a CEX. And I can earn incentives (in extra) while waiting for my LOs are triggered.

In that context, explaining IL theory to a trader does not really address the purpose of the strategy.

At this point, I think the theoretical discussion should stop here. A strategy only matters if it works in practice, not just on paper. Because of that, I decided to create a separate wallet and apply my single-sided USDC strategy in real trading, with the goal of increasing my USD-denominated balance over time.

🍀 Initial setup:

- 1,000 USDT as starting capital
- Around 0.02 ETH for gas fees on Arbitrum (not included in performance tracking)
- I identified PENDLE/USDT as a suitable pair because of its recent volatility and strong movement
- I entered the position with a range of ($0.8,$2.2) using @KyberNetwork Zap function

🍀 Reasoning behind the setup:

- Worst scenario: if PENDLE falls below $0.8, I will cut the loss and move on to another opportunity.
- Base scenario: if PENDLE remains within the range, I simply collect trading fees and realize profits into USDT (or USDC) over time.
- Best scenario: if PENDLE rises above $2.2, I will already have gradually DCA-ed out through fees and trading execution. I can then close the position and move on to another setup.

👉 Put my Account here so anyone can track: https://t.co/tDwwAawfKI

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

https://t.co/sAQ7XUA5Uv

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@meta_world_peas If you place Limit Buy Orders on Binance, and ETH price reduces after triggering all those LOs, do you call it IL?
This is just the same risk of spot trading.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@meta_world_peas So what?
If this IL doesn't harm my portfolio, why do I have to care it exists or not?

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

1- I know what you and other people mean about IL. This is the concept in theory, is about math stuff, yes.

Again, I've never said "my model removes IL completely". IL is still out there, but I go on other path to AVOID IL.

Here is the snapshot of my article. How the hell people think I'm removing IL?

2- Will DM shortly.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@extrktor Lol

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@yrklegru At least you're farming BGT for free, not buying this.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

1- IL only occurs if you're trying to lping with 2 tokens. "investment is down impermanently" is not correct. Because when you zap in with 01 single token as Usdc (use a portion of Usdc to buy Eth), then Eth price pump --> Your LP price will be up and greater than "Buy and Hold" portfolio. So you cann not call it as "impermanent loss", but "impermanent gain" right?

Most of people are talking about IL but they don't really perceive how IL is.

2- I don't try to hedge IL while lping anymore. If you delve in my articles last 02 years, you would find out that I have done many researches and experiments to do that. And some strategies actually worked. The problem was hedging cost also offset all the gain from lping, which made everything become not worthy to do it any more.

[BrownFi AMM @brownfiamm]

POL Next is centered around simplicity, efficiency, and scalability.

As a retail user, you no longer need to worry about farming BGT, boosting validators, or claiming fragmented yields. All you need to hold is the yield-bearing token swBERA.

This is a major improvement to Berachain POL system coming next month. BrownFi’s next version will also launch around the same time. Stay tuned.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

@0xZphr @PigiFinance It depends on how you implement the position. For me, I always play safe. Let's say if I deploy Eth/Usdc with lower bound = $1,000.

How much win rate I would have in this case? (My take is 99.99%)

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

How the hell you guys are so serious about IL term in this article?

For me, IL is the discrepancy between Buy & Hold 2 tokens in wallet vs. lping. That's all!

You cannot apply IL term to single-side USDC strategy. It's similar to trading spot. When you swap USDC to ETH, then ETH goes down. You don't say it's IL, right?

So, take it easy. IL or not IL is not the point. The point is the strategy can earn money for you consistently or not.

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

https://t.co/sAQ7XUA5Uv

[jasonvu.tech (🦇🔈 ,💧,🐻⛓️) @JasonvuTech]

It's obvious ser.

I would say this is the hybrid strategy between market making & trading:
- You're placing multiple LOs in trading (buy low, sell high).
- Meanwhile, you're still earning fees

This strategy would take "PnL trading" over "the yield".

It's totally different from "yield farming" mindset of a market maker.