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.
4/
If you have an LP position in other AMMs, make sure to check yourself so that you don't get REKT:
1. il.wtf
2. revert.finance
There are still ongoing raffles for @IL_wtf_ and you might be selected as a winner for a bailout if you tweet your loss.
If you have an LP position in other AMMs, make sure to check yourself so that you don't get REKT:
1. il.wtf
2. revert.finance
There are still ongoing raffles for @IL_wtf_ and you might be selected as a winner for a bailout if you tweet your loss.
5/
If you are single-sided staking $LINK on #Bancor, you get 100% IL protection after 100 days. You don't have to worry about being worse off when $LINK goes up in price🚀🌕
You will get the full value of your initial deposit plus trading fees on top when withdrawing💰
If you are single-sided staking $LINK on #Bancor, you get 100% IL protection after 100 days. You don't have to worry about being worse off when $LINK goes up in price🚀🌕
You will get the full value of your initial deposit plus trading fees on top when withdrawing💰
6/
How? There are ~147 pools on the network, some incur IL and others don't. IL risk is diversified and profits & losses are shared across all pools.
If premiums > liabilities then IL disappears on average.
#bancor #comfy #poolnchill #stayliquid
How? There are ~147 pools on the network, some incur IL and others don't. IL risk is diversified and profits & losses are shared across all pools.
If premiums > liabilities then IL disappears on average.
#bancor #comfy #poolnchill #stayliquid
8/
This is another one that I caught as well and it is roughly ~9.3K $LINK
etherscan.io/tx/0x1a759a785…
This is another one that I caught as well and it is roughly ~9.3K $LINK
etherscan.io/tx/0x1a759a785…
9/
More importantly, there have been some large whales 🐋 that have recently withdrawn their $LINK LP positions from unprotected AMMs. These LP positions amount to over >$110m at current prices:
etherscan.io/tx/0xb14061449…
etherscan.io/tx/0xad53d48bf…
etherscan.io/tx/0xdf96ca6f9…
More importantly, there have been some large whales 🐋 that have recently withdrawn their $LINK LP positions from unprotected AMMs. These LP positions amount to over >$110m at current prices:
etherscan.io/tx/0xb14061449…
etherscan.io/tx/0xad53d48bf…
etherscan.io/tx/0xdf96ca6f9…
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