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I'll keep adding liquidity

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by COINS NEWS 99 Views

I started a series of posts talking about how I'm going to add 3 dollars worth of liquidity every single day to the ETH/MOON pair on Sushiswap!

Why? With two goals: 1. Increase the liquidity and incentivizate others to do the same. We want MOONs to be a great project BUT we are not working together to push them and we are just hoping for a big CEX listing that's not going to happen unless we take matters on our own hands 2. Because by providing liquidity you can earn up to 50% APY like ATM because of fees and the incentive structure that this sub has voted (please take into account impermanent loss possibilities)

On my previous post someone commented why I was doing this because I was getting no profit as I would never remove my liquidity. So I thought I should match my 3 daily dollars put on the LP with a 3 dollars daily buy of the token I'm adding to the liquidity pool.

Here is the proof for what I've done yet For liquidity pools:

LP day:1 LP day:2 LP day:3 LP day:4

As a DCA: (4.5 dollars because 1.5 go to LP and 3 remain for hold)

DCA day:1-2 DCA day:3 DCA day:4

submitted by /u/the_Conficker
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