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seb
@seb
important $POINTS update π£
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John Palmer π‘
@john
anyone experienced on the shitcoin game knows the LP should be a two-sided V2 position. one-sided is super bearish.
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seb
@seb
if its bearish than it becomes a two-sided LP π
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John Palmer π‘
@john
not really. iβm assuming you mean one-sided on the higher end? Eg all $POINTS, above the current spot price. this just creates a massive price suppression force. e.g. you might need $500k of buys just to make up for $50k of sells
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John Palmer π‘
@john
you wonβt want to burn that LP NFT. after people realize the effect it has on price impact, theyβll be asking you to remove it.
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seb
@seb
hmm it's the other way around ser, you'll need much more to affect the price downward than upward
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