wake pfp
wake
@wake.eth
gm 🎩
83 replies
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Niko pfp
Niko
@nikomfer.eth
gm king, unrelated - i want to lock up my degen airdrop on L3 as a store of value and was thinking of contributing to a mint club degen pair or creating my own to avoid royalties good idea?
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wake pfp
wake
@wake.eth
not an approach I've considered. possibly. that would expose your holdings to the curve, maybe also exposing yourself to coordinated manipulation. I'd have to think through the outcomes and if the trade is worth the indefinite lockup. maybe.
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Niko pfp
Niko
@nikomfer.eth
if i create my own pair and wanted to sell my holdings one day, i'm not sure if i could because of the curve. or maybe i could, but the price impact would be dumb high. in the meantime, i'm pondering on other ways to store value on the L3
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wake pfp
wake
@wake.eth
you'd make the pair, then sell degen into it, locking it and the value. selling the pair token, whatever you call it, walks the price back and releases the degen. that's it, fundamentally. it's a store of value but not likely to appreciate unless you can create interest for the curve'd token. check out rivera.finance -- they support the L3.
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Niko pfp
Niko
@nikomfer.eth
i didn't know it walks back perfectly, that's good news! i'm ok without taking interest for now, as long as i can lock it on L3 (unless you know of better ways to make some $ on the side).
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