Haan Wick

would be funny if gold went to 2500 and eth went to 2500 talk about a pair trade

So yesterday after my post about my Sol/Usdc pool went viral I had tons of dms asking how to make $100 a day using LPs and I think the first step is learning the basics of LPing. When it comes to LPing it can sometimes be hard to wrap your head around impermanent loss and without outside tooling it’s pretty difficult to determine where / when IL takes place which is why I think DefiTuna is a great place for beginners to start out. They give you diagrams like I pictured below where you can determine your profit at different price ranges in terms of Sol or the base token which yes are different. They even give you a slider to estimate what your profit will be in the future if PA were to stay in your range for the specified time duration. It really helps to be able to visualize these things. Now it can also be a great tool for those with smaller bags to compound gains with leverage. Although it’s still important to respect, this is spot leverage so it is a bit different than the leverage that caused this past weeks black swan. Onchain pairs didn’t hit 0 like they did on perps exchanges. I would recommend learning with no leverage obviously but it’s a tool that is available to you at some point. The power of this leverage is apparent when you look at my position below where I was able to take $20k initial with 2.5x leverage and generate $4700 in yield in 14 hours. Happy farming 🫡

Can you guess what meta this was about 😅

In hindsight it will be so obvious. The signs are screaming at you.