CryptoInside (@cryptoinside) • Hey
Founder of Web3 Academy
Publications
- How does concentrated liquidity work?
In today's post, we're diving into the exciting world of adding liquidity to Uniswap V3 and TraderJoe. If you're looking to make your assets work for you, this guide is...
https://app.t2.world/article/clrrvimvn217191ymce3h62jk3
- deleted my twitter account today.
- GM
- **219% APY in bear market.**
My position making me over **219% APY**. It's AVAX/USDC pair on TraderJoe DEX.
I made **$30 in fees in the last 24 hours.** Total liquidity **deposited $5,000.**
It was borrowed on AAVE and i split it to open my position.
1. If AVAX price is going to rise, my AVAX will convert to USDC. I repay my Debt and take profit.
2. If AVAX price is going to fall, my USDC will convert to AVAX and that's actually not bad, because i just DCA in AVAX while earning fees.
3. If price drops significantly, i take out AVAX, deposit it on AAVE as collateral and borrow more USDC.
It's actually not my first position. Second one i already closed, which made me $200 in profit. I used that 200 USDC to buy ETH and deposited it on AAVE to increase my HF.
Of course 219% APY is not sustainable and it's going to get much lower. But right now, with high volatility my position is making decent amount of fees.
Follow for more
- Gm. My first post here.
Wondering how many people use this platform on a daily basis.