Nouns

One Noun, every day, forever.

nouns.wtf

Tip for LPs Providing Liquidity on Uniswap for $nouns/ETH:

It may be useful to think about your ranges based on the price of 1 Noun NFT. Since 1,000,000 $nouns = 1 Noun NFT, use the $nouns per ETH rate to calculate your range.

For example, let’s say you want to supply $nouns when 1 Noun NFT trades between 2.5 and 10 ETH:

- For 2.5 ETH, set your high price to 400,000 $nouns per ETH (1,000,000 / 2.5 = 400,000).

- For 10 ETH, set your low price to 100,000 $nouns per ETH (1,000,000 / 10 = 100,000).

Here's how this would look on Uniswap:

For those asking about $nouns slippage and LPing. You can provide liquidity on uniswap. Some info below on how to calculate your range.

Dumb question but do we get a reward or what’s the incentive for doing this? I’ve never done it so I’m curious

Michelada connoisseur. Chief Onchain Officer at /area51 since 2022 AD. Focused on digital art, tech & crypto. https://beacons.ai/0xgramajo

Not a dumb question at all! In a Uniswap liquidity pool, you’re providing tokens to a pool, which allows decentralized trading between those tokens. In return, you earn a share of the trading fees generated when users trade through the pool. For example, if you deposit tokens in a 1% $NOUNS/ETH pool, you and other liquidity providers (LPs) will earn a 1% fee on every trade, shared proportionally based on how much liquidity each of you provided. The more trades in the pool, the more fees you earn relative to your share of the total liquidity.

There are also risks to providing liquidity like “impairment loss” you may want to read more about before you consider depositing.