Degen

$DEGEN Update: Beginning today, we are reducing liquidity mining rewards for the Uniswap pool to prolong the program's duration until January 2028. Simultaneously, we're allocating resources to sustain incentives for our Aerodrome pool. Rest assured, points already earned will remain intact.

Ouch... reduced by how much? The liquidity mining rewards was the only thing keeping me from removing my LP position despite big impermanent loss :/
Will the reduced incentive still be enough of an incentive?

co-founder at fairmint.com.
If you're a FF (Farcaster Founder) raising funds, stop right here and checkout fairmint.com. Or DC me :)

Just curious why you would want to be short volatility on this asset? That's what you are essentially doing as an LP.

I am not short vol but the fees you get as LP aren't enough to compensate the risk of impermanent loss for an asset that is volatile but trending up. The liquidity mining incentive reduced that risk.... until now!

As an LP you are short vol by default. Unless you're hedged, which you cannot be since there are no DEGEN perps yet.