Alemac
@alemac
I just created my first /uniswap v3 position in the USDC/ETH pool. I'm just trying to learn. 44% stable vs 56% eth. set a 1700 usdc/eth min price and 2300 usdc/eth max price range. I need to figure how it works, but wider ranges get fewer rewards.
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Jacek.degen.eth 🎩
@jacek
🔥
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Alemac
@alemac
Yesterday I tried to create a v3 position with degen and usdc, but it gives me 0.55% apr. idk if I did well. Should I create the position with eth to get point in the liquidity mining? Thanks
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pes🎩
@razdva
yes, eth only and .3%. But also read what u was told above about unpleasant outcomes
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Alemac
@alemac
Thanks for the help! 🫡 🫡
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pes🎩
@razdva
What we really should to do is to make a cartel. And so we add liquidity in a narrow, uniform range, get maximum rewards from farming and make it as difficult as possible for the price to exit the range. If you want to play the game and earn, put it like this
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Jacek.degen.eth 🎩
@jacek
In the future, to prevent farming, I’d like to work with @beefy or a similar solution to ensure liquidity supports DEGEN rather than hurting it.
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pes🎩
@razdva
This is just a hypothesis for liquidity providers. There is nothing wrong with having a lot of liquidity around the current price. Maybe the reward is too high, I don't know, maybe not. It's hard to say for sure.
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