Degen

@jacek
I did not find any accurate documentation for LP mining points calculation so I had to dig in by myself.

How much is the least needed to provide liquidity in 0.3% tier in Uniswap to earn 1 point? Is it really in favor of whales?

Addresses are found in degen.tips website, related data in debank and Dune..
(1/7)

provided by @we at address of https://dune.com/welp/liquidity-mining-points-daily

Price of coins at the writing this assay is DEGEN ~ 0.03$ and ETH ~ 3,454$ and it is considered for all users despite of real-time price change!

Let’s dig in and see what we can understand from leaderboard!

(2/7)

Just a regular person who loves cryptocurrency
| Join here to get notify of DEGEN games
https://t.me/crypto_kaka

First, I have to calculate how much does users in leaderboard made liquidity.
I start with top rank of leaderboard with wallet address “0x3a8a1f045cd4f7246c6b3a78861269cc6065433a”
It has provided about 119,075,119 DEGEN + 588 ETH liquidity which is in total 5,603,205$
(3/7)

In Dune site provided by Welp it is shown that this user got 1,782,744 points at 2024-04-11
So, how much had the user provided LP to get 1 point?!
Simply it is calculated by 5,603,205/1,782,744 which is 3.14$ for each point!
(4/7)

To lower miscalculation I scanned each address in basescan and debank to make sure they did not increase/decrease liquidity in the past 24hr and also their liquidity is in range.
I did the same for some other addresses in leaderboard and finding are below:
(5/7)

Conclusion:
There are 3 hypotheses:
1-	Rewards are in favor of whale to keep them satisfied which is not well proven in this calculation
2-Rewards have a huge correlation to range you choose when you provide LP (I could not find a way to find out what is each user’s LP range, if you please let me know)
(6/7)

3-There are other factors which I am not aware of it
So, in summary I, personally, believe 2nd hypothesis is very strong and you can earn 1 daily point with 3.14$ to 141.68$ of total LP provided base on your LP range! 
So if you receive no point you have to lower price range of your position!
(7/7)