RE: WLEO LPs Earned $20k From Geyser #3 | Announcing Two Major DeFi Products for Q1
You are viewing a single comment's thread:
I'll be staking my Leo I think! DeFi is still way over my head despite reading about it and watching videos! Can't wrap my head around it lol
Posted Using LeoFinance Beta
0
0
0.000
Sometimes the best learning school is to just try it. I put in a little liquidity into KOIN/ETH pool at Uniswap a few days after the creation of that pool. Just a few 10s of dollars worth of ETH, limiting the risks to just losing a few cups of coffee in some outdoor cafe (that are closed anyway at the moment). Now, about 4 or 5 months down the line, the pool stats tell me I made about 24% gain. This gain is distributed across KOIN and ETH. I suppose this gain is quite high because the amount of liquidity in the KOIN/ETH pool is low. At the same time, also the swap values are not that high, as the number of swaps is pretty low as well. But, interestingly, within a little less than 5 months, my gain is almost a quarter. For LEO/ETH the projected gain is lower as can be read from the post. Regarding KOIN/ETH, am not sure what will happen. This pool is a temporary one I suppose since, after the KOIN mining phase, the ETH based KOIN token will be swapped to a native KOIN chain token as far as I know. Wondering what will happen with the last users taking out their liquidity from the pool. For the LEO/ETH no end date is determined, so this will not apply to providing liquidity to that pool.
Posted Using LeoFinance Beta
Yeah I know that's the best way to learn. I've just jumped in to things before and that just vanished so reluctant to do it for something else although it would probably be the last bastion of my crypto journey. Almost like the final trophy to complete crypto - mastering DeFi 😂 well, that and then being able to live off crypto on passive but that's probably a long way off!
I'm happy to keep to the boring way of posting, staking and curation and maybe when I'm feeling adventurous enough or have some capital free, will give it a go!
I think KOIN will give a 1:1 airdrop on the main chain once mining phase is over. Has it been 6 months yet?
Posted Using LeoFinance Beta