I just earned my first MOON from the Sushi liquidity pool stake: it aint much but it's honest work ????
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I'm quite excited for it! ???? My only concern is that this might have affected my multiplier, but I sincerely hope it haven't. I decided to add 25% of my MOONs and match them with the ETH value for the liquidity pool. Basically a highly risk decision but an important contribution to the overall ecosystem. The rewards are coming from staking this position which I believe adds another layer of risk. In the past weeks I could have trade some of these moons for an Avatar and I am glad I did not. With the recent news about the T&Cs updates and all of those in between, it's easy to be bullish on MOON. So I decided to add liquidity. I do not recommend this to everyone due to the intrinsic risks. Here is very well explained guide about impermanent loss in particular: https://www.reddit.com/r/CryptoCurrency/comments/158gg9y/impermanent_loss_for_dummies/. To be fair I am more concern about pool hacks. Another contribution that the ecosystem really needs, is the Arbitrum Nova faucet: without ETH (very little!) we can't do anything with our MOONs, I sincerely do not understand why we do not improve that experience, making it more fair (eg a bit more karma points and MOONs required)? I am planning to contribute to the faucet with some of the profits from the stake, but it would be nice to have more contribution from the community. [link][comments] |
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