RE: Professor Ape: Lesson on LP Pools
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Thank you for explaining this! I know a lot of people are confused by LPs, and I think it is very important to at least have a basic understanding of how they work. I appreciate it!
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I know alot of people who lost on them due ot the state of the currencies in the game the only one I touch right now is the USDC DEC LP and that is still on the risky side bc dec is not a stable coin it can fluctuate quite a bit but the rewards on the USDC-DEC pool can be substatial on BSC and offer 50% to sometimes 500-600% depending on volume and liquidity provided. I have gotten as high as 1000% for a day or so before lol. Much better risk to reward here than on the beeswap pools. Same for the SPS pool you can get much higher rewards and avoid the extra fees of cashing them out by using targeted liquidly on V3 which gets me 30-100% plus. I don't have any positions now in it as it has not been performing well lately so I decided to go all USDC-DEC and PNS-BNB as I convert my DEC to PNS right now to support the project. I also use PNS to sometimes convert back when PNS goes up or stays steady but SPS goes down like today I need to check and see if converting makes sense for some as SPS is down below a cent.