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mike rainbow (rainbow mike) ↑ pfp
mike rainbow (rainbow mike) ↑
@mikedemarais.eth
“this is why it won’t pump” — only sort of true… we need to improve defi literacy providing liquidity to uniswap v3 is good (actually) for everybody (actually) if there’s demand it will still pump, but on the flip side, the tokens in these LP positions are also explicitly not being market dumped. if whales market sold the tokens instead, it would move the price down, single sided LPing does not move the price down if the token has demand, then the token can still pump and the single sided LPs will get rekt and lose out on upside,,, all while giving buyers (aka new community members) better execution price
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Vanessa Williams pfp
Vanessa Williams
@fridgebuzz.eth
“We need to improve defi literacy”. Clearly. Since I did not understand a single word of that.
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Vanessa Williams
@fridgebuzz.eth
Actually I copied the original message into ChatGPT to explain it to someone not knowledgeable about decentralized finance. It was helpful. Unfortunately too long for me to post the answer.
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