For example, with JPEG and ETH I received SLP tokens. Are the SLP tokens accruing value from the fees that the pool takes in? (I've forgotten what that percentage is)
Am I simply gaining more SLP tokens from staking the SLP token after providing liquidity? (And therefore getting a little bit more yield on my initial liquidity offering)
Would be cool for each protocol analysis to include how an investor can...invest in each project if the conviction is there. IE, if, after reading, believe in the AAVE thesis, do you...buy AAVE coin....or?
do you recommend doing this with an anon phone not trackd to your name and/or VPN? You made a comment the other day about taxes on crypto trades on coinbase. is there a way you can do a post on this and how you recomnd going about things?
Probably not my place to answer but, will chime in - Gas fees a product of congestion and utilization. Gas fees on Eth Mainnet have sucked - 50-200 usd per transaction - which is nuts - this is why retail (i.e. not whale) farmers have migrated to BSC and Polygon farming. Solana is still in its infancy. IBC (osmosis) just started too. Gas Fees on ETH have dropped to 10 gwei, which is a 10-15x reduction
Nothing would happen. Look at the pool. Look at rewards (look at APR, not APY) and calculate how much you should make in 24 hours. You can harvest rewards and compound (re-invest) or cash the reward into stable coins. There are so many strategies out there. My advice is learn everything and learn slowly. Play w small amounts in the beginning- this truly is the wild west. Only way to learn is to try it amd have skin in the game
Also struggled with this, but found out you can stake them in the "Farm" tab. You search for the pair you added to the pool, and your SLP tokens will show up in the details of the pair. See my tweet with the screenshot here: https://twitter.com/BowTiedMouflon/status/1429375474669658123
Great intro!
Curious about staking the SLP.
For example, with JPEG and ETH I received SLP tokens. Are the SLP tokens accruing value from the fees that the pool takes in? (I've forgotten what that percentage is)
Am I simply gaining more SLP tokens from staking the SLP token after providing liquidity? (And therefore getting a little bit more yield on my initial liquidity offering)
Would be cool for each protocol analysis to include how an investor can...invest in each project if the conviction is there. IE, if, after reading, believe in the AAVE thesis, do you...buy AAVE coin....or?
do you recommend doing this with an anon phone not trackd to your name and/or VPN? You made a comment the other day about taxes on crypto trades on coinbase. is there a way you can do a post on this and how you recomnd going about things?
Amazing intro. Thanks - how do you manage gas fees? Seems very high for low amounts?
Probably not my place to answer but, will chime in - Gas fees a product of congestion and utilization. Gas fees on Eth Mainnet have sucked - 50-200 usd per transaction - which is nuts - this is why retail (i.e. not whale) farmers have migrated to BSC and Polygon farming. Solana is still in its infancy. IBC (osmosis) just started too. Gas Fees on ETH have dropped to 10 gwei, which is a 10-15x reduction
Question for you guys. What would happen if I added liquidity to ETH/LINK instead of wETH/LINK?
Is there going to be a difference in fees or ability to stake sushi tokens?
Thank you!
Nothing would happen. Look at the pool. Look at rewards (look at APR, not APY) and calculate how much you should make in 24 hours. You can harvest rewards and compound (re-invest) or cash the reward into stable coins. There are so many strategies out there. My advice is learn everything and learn slowly. Play w small amounts in the beginning- this truly is the wild west. Only way to learn is to try it amd have skin in the game
Yea TIL to carefully read and the difference between wETH/ETH...
Thanks man.
Can you link to the pool please?
Also struggled with this, but found out you can stake them in the "Farm" tab. You search for the pair you added to the pool, and your SLP tokens will show up in the details of the pair. See my tweet with the screenshot here: https://twitter.com/BowTiedMouflon/status/1429375474669658123
Legend cheers.