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🎩 MxVoid 🎩
@mxvoid
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
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makeitrad
@makeitrad
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. 🤗🤣
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🎩 MxVoid 🎩
@mxvoid
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
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makeitrad
@makeitrad
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 🤣
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🎩 MxVoid 🎩
@mxvoid
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?
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🎩 MxVoid 🎩
@mxvoid
Maybe that wasn’t really ELI5, maybe ELI12. I guess the ELI5 is, if you help with baking the cookies for the bake sale, you get to take some cookies home with you. The more you help, the more cookies you can have.
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makeitrad
@makeitrad
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.
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