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mike rainbow (rainbow mike) â
@mikedemarais.eth
âthis is why it wonât pumpâ â only sort of true⊠we need to improve defi literacy providing liquidity to uniswap v3 is good (actually) for everybody (actually) if thereâs 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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Trishđ«§
@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 donât understand all of the moving parts. It is paying well tho
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