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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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↑langchain 🎩
@langchain
RAINBOW HAS THE OPPORTUNITY OF A LIFETIME TO EDUCATE PEOPLE
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max ↑🎩
@baseddesigner.eth
well explained sir
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HH
@hamud
💯 LPing via uniswap v3 is basically selling covered calls. you get paid in fees in return capping your upside.
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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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$ALEX Masmej
@alexmasmej.eth
I do think that LP’ing a ton of memecoins is bad for price action. Best is to LP ETH one-sided to protect against sell pressure
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saliba.eth
@saliba.eth
can confirm LP gets rekt
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Trish🫧
@trish
I am REALLY trying to understand this better. Would love it if rainbow had workshops for the humanities majors. I have a chunky deposit in this lp and don’t understand all of the moving parts. It is paying well tho
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Purp🇵🇸
@purp
Lmfao how dare people don't just dump their token, the audacity
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chrismartz
@chrismartz.eth
we need more defi literacy - the amount of LPs created every day now is insane
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