I used my whole $ANSEM Airdrop ($2k) to LP on @MeteoraAG
Quick explainer:
LPing = you deposit two tokens ( $ANSEM + $SOL ) into a pool and earn a share of every trade's fees
Meteora's DLMM lets you concentrate that liquidity in a price range, so you earn more on the same size
The strategy is basically copy-paste:
β’ use the 50 bin SOL pool, it prints better than the USDC one
β’ put the same $ amount of $ANSEM and $SOL (spot strategy)
β’ set the range up to ATH, and give a bit of room below too
Then just press create position
Full video guide below, just repeat what I did π
And the thread I'm quoting breaks the whole thing down in full detail, def worth a read