Degen

Happy Liquidity Mining claim day, fellow degens!

I loaded up this Zora Boost Frame with ~42 free mints. Free mint req: you're following one of my favorite artists in the space. (Hint: she's a glitch-tastic wonder.)

Fractal $DEGEN XI

Happy Liquidity Mining claim day, fellow degens!

I loaded up this Zora Boost Frame with ~42 free mints. Free mint req: you're following one of my favorite artists in the space. (Hint: she's a glitch-tastic wonder.)

Fractal $DEGEN XI
https://zora.co/collect/base:0x24832d6390b26d10d3e9b6debdd18b886ae1e234/17/frames

✵ Create ✵ Share ✵ Remix ✵

Experimental 2D/3D artist. Data science Pythonista. He/They. Nerdy++; (Nearly) all work CC-BY/CC0/FOSS

https://mxvoid.com

We're can I learn about liquidity mining. I'm so lost I need a tutorial for a 3 year old. I read the faq but I'm dumb. 🤗🤣

Uniswap

Haha. It’s essentially an airdrop reward for putting up some $DEGEN and Base ETH into a liquidity pool for ETH <=> $DEGEN swaps on /uniswap.

Here’s the info on the $DEGEN site itself:

Artist, designer, pixel manipulator 🤍 NFTs and AiArt since 2021

makeitrad.xyz 🤍 solo.to/makeitrad

Haha. It’s essentially an airdrop reward for putting up some $DEGEN and Base ETH into a liquidity pool for ETH <=> $DEGEN swaps on /uniswap.

Here’s the info on the $DEGEN site itself: https://www.degen.tips/liquidity-mining/season3

But let's say I throw in 1000 degen how do I calculate the return? There are lots of numbers on that faq. Math ain't my jam. I make pretty pictures 🤣

Senior Philosopher of /cryptoart-school  /stellabelle and /khive 🍭 Gigatura  👉🏽 https://objkt.com/curations/objkt/gigatura-launch:-auctions-c31a0063

That makes a little more since. Thank you. Could def use a good YouTube video on this with some hypotheticals for newbies like myself. I'll go searching. Just scarred to believe anything from peeps I don't know. So many scams out there.

The ELI5 version is, if you can park a good chunk of $DEGEN and ETH (say, 20k DEGEN + matching value in ETH), you gain a 0.3% fee for your share in the pool every time a swap between ETH and DEGEN is made, plus a little extra in Liquidity Mining rewards for being part of the pool.

@stellabelle, got a better explainer?