1/22 𧡠A beginners guide to Liquidity Pools (LPs) on @terra_money & some of the higher return options currently available.
Note: LP provision is a high risk play & the following thread should not be considered advice - always DYOR.
$LUNA $UST $PSI $VKR $APOLLO $SPEC $MINE $STT
What is an LP?
A liquidity pool facilitates decentralised trading between 2 assets. The assets on either side of the pool are weighted based on the demand for each asset.
On Terra most LPs are typically a token e.g. $LUNA, $ANC & $MIR on one side & $UST on the other side.
When you are providing liquidity to an LP you provide an equal amount of each token to the pool based on the relative value of each asset at the time you are providing liquidity.
e.g. if $MIR=$3 & youβre adding to $MIR/$UST LP for every 100 $MIR you need to add $300 of $UST.
Swap half your $LUNA to $bLUNA & provide liquidity to the $LUNA/ $bLUNA pair on @terraswap_io - your position will increase over time from the swap fees (no impermanent loss, keep your $LUNA liquid) - unfortunately APR has droppped significantly on this pair (3.5%)
I am seeing a lot of anger in the community about @StarTerra_io and wanted to articulate some thoughts.
It seems things are getting increasingly hostile with personal insults and, in some cases, xenophobic comments being made. Firstly - this needs to stop.
I am NOT one of the βinfluencersβ that was paid. I was however lucky enough to make the public sale whitelist - I made this list through persistent attempts (begging) both on Twitter and Telegram to make contact with the team because I knew the price would rocket post launch.
I knew the price would rocket because the $0.14 per token valued $STT project at a market cap of around $600K - this valuation level would clearly not be sustainable given the comparative project, @pylon_protocol has a market cap of >$100M
My current homepage. The perfect view of all Terra ecosystem live token prices, as well as Terra blockchain explorer. They are constantly iterating and improving. They also have a handy countdown timer to Colombus 5 launch!
Live on chain analytics including the famous $LUNA supply history charts you see LUNAtics spamming all over Twitter on π₯ days. Also includes info on validators, upcoming projects, airdrops & much more.