Hey all,
i checked how my liquidity provided to the Moons/ETH Pool on Sushi swap is doing.
First to find our myself and now to maybe encourage more people to provide liquidity.
I joined the pool on March 6. 2023 with:
| Amount | Worth (6.3.2023) | |
|---|---|---|
| ETH | 0.013099 | $20.51 |
| Moons | 96 | $20.51 |
Currently the liquidity token is worth:
| Amount | % differ to Join date | |
|---|---|---|
| ETH | 0.0186739 | +42.56% |
| Moons | 76 | -20.83% |
At a first glance that might not look very good. It just looks how it is supposed to, i got more ETH and less Moons since the distribution in the Pool shifted. Moreover in that time Moons went from 22cents to 45cents (+104%) and ETH from 1,618$ to 1,855$ (+14.6%), so the gain on Moons would have been much better, if i just kept my Moons
However since i provided liquidity i get Moons & Sushi from the pool as a compensation, until now I harvested 22.6 Moons and 0.11 SUSHI :D. Adding this to the table above the we get:
| Amount | % differ to Join date | |
|---|---|---|
| ETH | 0.0186739 | +42,56% |
| Moons | 98.6 | +2.7% |
Looking at it like this the pool works as expected :). I made more Moons by providing liquidity, 2.6 Moons yeah, and got a nice gain on my ETH investment.
I hope this gets more people to join the pool and removes a little the fear of impermanent loss.
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