Maybe try again next week?
2 Likes
The important thing is to right-size the LP for the sake of LP, and not for the rewards rate. Nobody can predict IL with certainty and you seems to be making a case based on the hindsight of seeing the ZNN/ETH price stagnate.
These are factors that LP participants and non-participants should have considered. If I wanted to participate in this program I would have been the first.
Once we click “add liquidity” ?
And can you put the accurate APY on staking history base on real time APY
I agree, if they were really motivated to participate they would have been first, keeping their laptop with them everywhere and waiting for sumamu to launch the bridge. I do not believe it’s a good idea that non-expert persons can decide the faith of bridge by voting. Sumamu was already doing a good job and his rules seems to work properly until now.(If now we vote the faith of the bridge it would have been better to vote the selling situation)
Bridge it’s a high risk investment for providers, and it’s should be high rewarding(Take into account huge impermanent loss, risk of hacking and losing the funds) by removing liqudity cap it will became a high risk investement low rewarding which is unfair for early motivated znn aliens + if we got hacked we lose more funds. Deeper liquidity= punishing the motivated people, rewarding the not so motivated people, price will not move up which is already very low.
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@sumamu Are you taking in consideration to keep the cap for longer than mentioned? This would help the price moving faster upward and keeping the ROI positive for lp providers instead of having more lp providers leading possibly to a negative ROI for all of them.
Very interesting. Many people complained that there is an artificial liquidity cap, but the voting result so far says otherwise.
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30 days, so July 12th.
If the campaign would be successful it can be reconsidered, but right now we’re having nearly zero marketing efforts, so none of the objectives are getting fulfilled: [consolidating liquidity] + [on the way up].
If there were substantial marketing efforts, the situation would be very different.
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Yeah, good luck building something while waiting for everyone to express, discuss and evaluate each other’s opinions.
We’re getting ~50% Yes / ~50% No votes on important decisions.
1st scenario: selling is enabled on 12th july, big dump will happen and we get a pool of 200k-250k wznn and 100weth, we have to consolidate up from here.
2nd scenario: selling is enabled, big dump to 200-250k wznn and 100weth, adding liquidity is allowed, pool will get deep to around 400k-450k?!?
How to consolidate fast if buying 5000wznn will impact the price only 1%(pooled wznn 400-450k)?!?!
Selling 5000wznn with 162k wznn pooled price impact it’s 3.62%(see pic).
Mr.Stark said a good price impact for 5000znn at 1.35$ should be between 3.5%-5%. Without lifting the liquidity restriction price impact will decrease already to almost 2% after the dump and with market efforts we can go back to 3-5% price impact again.
Great, another alt. It’s just a vote on a poll.
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wen yeezus pillar ser
Lol I thought the handle was mrkaine at first
u mad?
For anyone who wants to do the mathz on impermanent loss to make an informed decision on LP, here’s a dead simple calculator. Note this does NOT take into account the rewards but simply price action between the two tokens:
Are you still planning to add this paragraph on bridge page? And a message that the real roi% it’s not that on the page and can fluctuate due to impermanent loss.