Why arent you farming API3-ETH?

Literally making $40 with only $1000 of liquidity. Why do you guys hate money?

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I rather own it, I made 5k in one day already

$40 every 24 hours*

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don’t pretend you know what op is talking about (you don’t)

So what virgin?

because you'll lose all your ETH when it dumps.

those digits are nice but wow, look at your time stamp fren

nah you lose ETH if it pumps, if it dumps you’re protected by the rebalancing effect that is uniswap and just have more ETH. Why do you think liquidity is so high with 1400% apt currently?

>4% per day
tell me more about this

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What specs do you need to farm?

Tell me more

you just need API3 and ETH

this on uniswap?

god damn i hate that i can never just put up my coins as is to stake, always need 50/50eth

wow I wonder why that is

so how do I get started? tried looking up info on it but it just gave me stock/financial information

intro to farming please

hold 50/50 value of eth / shitcoin of your choice. Press provide liquidity button on shitcoin page on uniswap. You get lp tokens back and thats it, you now get a small portion of every trade of that shitcoin.

LOL, have fun getting rekt by impermanent loss.

Can you do this with every other shitcoin?

Yes any token uniswap. More volume = more fees earned. So API3 has decent rewards now.

How fast can you get get out if it starts dipping/mooning?

You provide eth and [shitcoin] so if the price of shitcoin goes up, you automatically gain more eth, and lose more shitcoin. If price of shitcoin go down, you lose eth but gain more shitcoin. So its always at 50/50 value. So doesnt really matter. But there is something called impermanent loss which if it moons very hard or dumps very hard you lose abit. Google it.

>Anons asking about how to provide liquidity to Uniswap pools
Either biz is unironically late to everything and double digit IQ, or there are too many nufags around
Bullish

>So its always at 50/50 value
How do you make a margin if it always evens out?

You get fees from other people trading.

Oh, it's one of those "You get it when you try it" things.

Lets say api3 stabilizes, there's always going to be new coins popping off right? So with a 10k stake you could make $400/day?

Do you realize that you make less the more people joins? That's why best Uniswap liquidity pairs are kept secret for brainlets. Made 2k$ this week with ETH-API fees but it's getting much lower now.

think the $40 a day is sustainable for long on $1000?

Wait so do I need to own API3 to be able to provide liquidity for these fees?

I dont do it myself currently so dont know how much API3 makes you. But as said, its best to get into shitcoins with decent volume and not so much liquidity, so you get a bigger share of the fees.

gold

Yes, 50/50 API3 to eth value.

But I thought 50% eth and 50% shitcoin of my choice to provide liquidity for?

50% eth and 50% of the token you want to provide liquidity for. You cant provide API3 as liquidity for another token. If that was your question.

Yes so essentially I'll need 1/3 eth, 1/3 shitcoin of my choice and 1/3 API3 for providing liquidity, right?

If API3 pumps you still profit, though you have less money than if you had simply held
ex:
1 LP token = 300 API3 and 1 ETH = $1200/LP token
API3 does a 10x, you now have ~$1980 worth of API3/ETH, but with holding you would have $3600 worth of API3/ETH instead

kek, not exactly

1/2 eth 1/2 shitcoin and you're good.