| COIN | ADDED TO LP | VALUE ON 8th APRIL | CHANGE | IN LP TODAY | VALUE TODAY | VALUE IF NOT IN LP | DIFFERENCE |
|---|---|---|---|---|---|---|---|
| ETH | 1.91349114 | £2,879.06 | 0.62% | 1.43718 | £2,175.77 | £2,896.87 | -£721.10 |
| MOON | 13,449.0742 | £2,708.64 | -43.88% | 18,429.436 + 889.764 rewards = 19,319.2 | £2183.62 | £1,520.13 | £663.49 |
| SUSHI | 0.00000000 | £0.0000 | -24.94% | 4.36571 | £2.97 | £0.0000 | £2.97 |
| TOTAL | TOTAL | TOTAL | DIFFERENCE | ||||
| £5,587.70 | £4.362.37 | £4,417.00 | -£54.63 | ||||
| CHANGE SINCE 8th APRIL | CHANGE IF NOT IN LP | ||||||
| -£1,225.33 | -£1,170.70 |
Quick note, as per previous post, this is MOON which I swapped for other coins, not what I've earned on this sub. When adding liquidity, you should only add a maximum of 25% of your earned MOON, or your future pay-outs will be reduced.
I made a post a month ago, detailing how my decision to add MOON to the LP was getting on. It's worth mentioning that I actually made a mistake in that post... I'd claimed that I was £85.80 better off, but I'd forgotten to account for the ETH, when adding that month's rewards back in. I added £76.31 worth of additional ETH (matching the value of MOON rewards), so I was actually only £9.19 in the green.
Anyway, on to month two (spoiler alert - it's not great)...
ETH is roughly the same price today as it was a month ago, but MOON has dropped a further 30% or so (currently down 43.88% since I added to the LP). As a result of this, impermanent loss has completely overwhelmed the £100.57 in rewards, and I'm sitting -£54.63 in the red. This is the big risk you take when providing liquidity - the value of one coin changing drastically, relative to the other. Despite this, I'll continue to provide liquidity, re-stake my rewards, and add more ETH.
Hopefully, month three update will be a little more positive.
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