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Cartographer 🎩
@cartographer
This is one example of a successful initial liquidity pool from a founding team. This Uni v3 LP position was the 1st weth/degen pool created 25 days ago by the same wallet that created the $degen token contract. It pooled 2 $weth ($4.6K) & 5.5B $degen and has since lost $5.5M to IL thanks to the $degen token's growth.
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Cartographer 🎩
@cartographer
The initial deposit of 2 $weth has turned into 71. And the initial deposit of 5.5B $degen has turned into 154M. The founding team rightfully lost millions to IL so that the community’s token price could grow exponentially. The initial 5.5B of $degen pooled represented ~15% of the total supply of 36.96B.
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Cartographer 🎩
@cartographer
Tip of the cap to Revert Finance 🎩 The Uni v3 LP NFT = https://revert.finance/#/uniswap-position/base/29008
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TiⓂ️brrr 🎩🧢 ↑ 🍖
@twb
Revert is legit. Should we add another stat to IL? Seems like worthy trade off no?
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