What are Slowcooks in my understanding?
It’s about opening a position on Meteora in low-to-mid liquidity tokens for a long duration from one day or more.
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It’s important to remember that most memecoins have a tendency to trend downward with only occasional bounces. That’s why I personally prefer to take small profits and reopen position.
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This feature was released a while ago and there haven’t been any improvements to make it more user-friendly.
Leaving it here in case someone finds it useful.
If you didn’t know, when closing a position you can automatically convert the token into SOL. To do this, select your position, then inside the position menu, next to the Add liquidity button, click Withdraw button. There you’ll see the Zap Out to 1 token switch.
Few points:
3️⃣ Only the tokens inside the liquidity position are converted to SOL — fees are not swapped.
In my opinion, the idea itself is great, but the implementation — requiring several clicks and not swapping the fees — is inconvenient.
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