To those who are suffering heavy zcash:native losses, you may find comfort in what dear friend Jinwoo Park observed during the Asian Financial Crisis.
"Richard," he said. "When the market takes from you, ask not only what you lost, but what illusion it was kind enough to remove."
My @omnipair SOL/JTO pool is cooking! 21% APY 60 days in. Capitalizing on all the JTO volume but also price fluctuations between the two tokens. I make $1 for every $400 volume and pool is doing about 3K volume daily right now. Can't complain. ๐
I'd ask someone like @SumDigits or @incerto_123 when it comes to LPing on @omnipair. The earnings these guys are pulling despite the market movement are insanely good.
A lot of research done by SumDigits in these articles, really suggest reading them. It's passive, so no CLMM entry/exit strats, yet understanding how to capture a good chunk of market volume with relatively low liquidity isn't easy.
I expect their total LPing PnL to go up once markets pick up again, cause volume goes both ways.. it takes guts, but markets reward those willing to step up.
Go read him documenting his LPing journey:
- JTO/SOL pool (21% APY, up 70% last week): https://t.co/bEqENhawv1
- FAF market making, a month of experience: https://t.co/SOmrwqnpmk
@DrNickA Anyways nice to hear people call the circular firing squad what it is. Had a grueling day in the coal mines and your post made me belly laugh.
@DrNickA Academia can't manage anything so it follows it can't hold the mirror to itself in its operation that it can in (the theatre of) its classrooms. Look forward to escaping from it myself TBH. Say this all as a cultural studies PhD and 20 year adjunct.
Beyond my teaching history (at like 7 schools, christ) my wife is the director of a top research school and whatever romantic vision I had of universities is long gone (the shit she tells me is ridiculous). Some folks do try to do DEI well but the system (and people) just fuck good intentions up royally.
@DrNickA It's always a place that internalizes the struggles and contradictions of the left tho. Right back to the SDS/1968. But that plus neoliberal bureaucracy equals enduring steaming mess.
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