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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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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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mike rainbow (rainbow mike) ↑
@mikedemarais.eth
*woosh* you just flew over the heads of all da noobs
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Thumbs Up
@thumbsup.eth
add a button to rainbow under any given token “LP on uniswap” Then under the claim for the rewards, add an option to zap into your existing LPs For da noobs
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