Thread by @TraderJoe_xyz

Single-Sided Liquidity

Use #LiquidityBook to enter or exit a token with zero cost + earn fees

🎯 This is one of the best kept secrets about Liquidity Book and thanks to it's innovative design, LPs can execute strategies with high precision

Let's explore🌊📘

📉 Buy

1️⃣ Select "Spot"
2️⃣ Enter desired price range
3️⃣ Click deposit Liquidity
4️⃣ Wait for your price target to hit
5️⃣ Withdraw your liquidity

❓How does it work?

In the below image, when $AVAX hits $19 your $USDC liquidity will start to convert to $AVAX. When that starts to happen, you are 'buying' $AVAX for $USDC

Remember to monitor and withdraw your liquidity when a desired amount has been converted

📈 Sell

1️⃣ Select "Spot"
2️⃣ Enter desired price range
3️⃣ Click deposit Liquidity
4️⃣ Wait for your price target to hit
5️⃣ Withdraw your liquidity

❓ How does it work?

In the below image, when $AVAX hits $21 your $AVAX liquidity will start to convert to $USDC. When that starts to happen, you are 'selling' your $AVAX for $USDC

Remember to monitor and withdraw your liquidity when a desired amount has been converted

📊 Customise your position

Liquidity Book offers the most versatile deployment of strategies thanks to its fungible 'bin' architecture

This means you can deploy any type of shape and also make small dynamic adjustments, without removing your entire position

New shapes soon👀

Thanks to @bubee82 and @TheiaResearch for some great insight and guides.