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I have seen a lot of large $LINK stakes come through recently on @Bancor this week. PSA, If you are an LP in another AMM, as the price of $LINK starts to run up against $ETH you will end up with less $LINK and more $ETH (the less valuable TKN)
A short 🧵👇
A short 🧵👇
2/
The Uni V2 $LINK - $ETH pool is the second largest by depth on Ethereum (~23m ATM). LPs in the past 30 days, are down by ~22%❗after you subtract the loss due to IL from the fees collected.
More recent LPs are down as much as ~50%‼
The Uni V2 $LINK - $ETH pool is the second largest by depth on Ethereum (~23m ATM). LPs in the past 30 days, are down by ~22%❗after you subtract the loss due to IL from the fees collected.
More recent LPs are down as much as ~50%‼
3/
It's a similar picture for the $ETH - $LINK pool on sushiswap🍣. LPs that entered a position in the past 30 days are in the red at the moment.
With all the positive chainlink news, I think that $LINK will outperform $ETH this year. This means many 💔for LPs.
It's a similar picture for the $ETH - $LINK pool on sushiswap🍣. LPs that entered a position in the past 30 days are in the red at the moment.
With all the positive chainlink news, I think that $LINK will outperform $ETH this year. This means many 💔for LPs.
