Is providing liquidity on uniswap profitable for ETH/DAI? How does it work...

Is providing liquidity on uniswap profitable for ETH/DAI? How does it work? Am i gonna receive UNI tokens for providing liquidity?

Attached: ethdai.png (694x446, 249.98K)

dont do it. trust me

Why?

>9.9 uni a week
That's nothing. Why would you do this? Aren't there more profitable pools?

This is not from me. Its just a picture.

I want to put in about 2000 Dollar wort of dai and eth. How many uni would this give me a week?

im interested too

This would give you 3.5 - 4 Uni a week.

The train for free UNI is gone

Do it for Bella. Higher pay I think

$2000 combined, roughly 5
double that if $2k dai + $2k eth, obviously
you have to consider impermanent losses, though. i put $750 dai + $750 eth a couple weeks ago, and now this is only worth $1440 (+$24 worth of UNI)
the nature of a liquidity pool means big moves on either asset relative to the other one screws you up. if you believe ETH will hover in the $400 range for a while or want to edge, this can be worth it. if you're confident ETH will break out very soon or dump further, this is a losing move

Explain how the OP pic gets 9.9 UNI a week with 110k but OP will get 3.5-4 UNI with 2k?

Wouldn't putting it into USDT/USDC completely get rid of the impermanent loss problem?

I have 1 k in the network to check it out.. and I get 1,5 Uni a week

Why would people change USDT against USDC? Makes no sense.

ignore me on uni per week, this user is right just checked my own key and i only get 2.3 uni per week now

this is 110 LP tokens, not $110k. dot is decimal in burgerland

So when crab its fine?!

So lets say eth moons this would mean i get more DAI and lose out on possible gains.

When eth dumps i get more eth right?!

Ya but you also pay the insane gas fees (probably 50-60 $)

yes, some people advocate the pool for this reason

Well it's definitely a thing. It wouldn't have a 13 mil liquidity for nothing.

Jesus 50-60 $ means i have to provide liquidity for 4 weeks just to break even/make a smal profit??

correct
right now the $750 half and half I provided, which was 2 ETH and 750 DAI, looks like 2.07 ETH and 714 DAI

also true, anons should be aware at these gas prices it's really not worth it unless you're moving thousands

Yap, it only makes sense if you dumb huge amounts of money into the pool, otherwise fees will rape your anus

So its basically only profitable for wales/ people that risk tens of thousands. Jesus that sucks.

Why would you even bother with anything other than thousands anyway? What're you gonna do with 60 bucks a month? Unless you're a pajeet of course.

Is there a hook about providing liquidity through DAI/USDC/USDT pairs?

Attached: zizek.jpg (1280x720, 90.88K)

What about BEL/USDT? Anyone doing that via Bella . fi?

not that i'm aware of, save for the systemic risks tied to each of these
but then if you're already holding these, you're already exposed in that sense, so no difference

I just wish we could get into something like this before it pumps

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so with 300k you made only 30usd x week? Aahaahhahahaah what a faggot

Providing liquidity and setting up liquidity pools is foremost a legal grey zone for the time being, well till next week

>well till next week

wait till next week?

Lurk more newfag

Explain?