YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
@proxystudio.eth looks like adding that CLANKER LP early is paying off 0.13 E + 1249 Clanker initial https://basescan.org/tx/0x57b4c046e17e6f23efc877dcb2c11f276c5ade71df2086e630cb41dedde25c5a
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Chase Sommer
@chasesommer.eth
On tokens like this, do you usually start just serving the full range and then adjust later? I'm new to the LP stuffs
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
If it’s something I want to support and believe in, full range If it’s mine, full range and locked If I want to make money, targeted range and I move as needed.
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Chase Sommer
@chasesommer.eth
Ok, thank you sir! Any chance you'd be willing to share your thoughts on how narrow of a range to go? Like why not have a narrow range and be willing to adjust daily? Just time/effort or are there other costs I don't understand?
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
Yes, time, effort and opportunity costs Twist the knob to higher fees (narrower range), more risk for impermanent loss and being out of range (and no fees). Plus you have to monitor it or pay someone to move it for you (requires trust) Twist the knob for less chance of getting out of range (fuller range) and then you make less on fees
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Chase Sommer
@chasesommer.eth
Ok I appreciate it! If you have any other things I ought to know/research, I'm all ears!
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