Total Value locked in Sushi.com is $ 47.99k
- 3.21327358 ETH ($14.42k)
- 7766988.7 DONUT ($33.67k)
- Trading Volume in last 24 hours = $ 50.41
- Trading Volume in last 7 days = $ 4.86k
- In the last 7 days ETH is has moved -3.7 %
- In the last 7 days DONUT has moved +0.3 %
- Last week 1 ETH = 1.03m DONUT
- Today 1 ETH = 1.03m DONUT
- 6466.66 DONUT per day distributed amongst all in range positions.
Nearly 5k of trading volume in the last week on Arbitrum, but very balanced in buy and sell pressure. There have been additional buys on mainnet, which means the Mainnet price creeps slightly further ahead of Arbitrums.
A fairly balanced week across both networks; and with slightly higher prices on Mainnet, which is normal.
Mainnet = $0.004661
Arbitrum = $0.004349
In August we saw nearly 1 Million DONUT get burned from Distro, Minigames, Special Memberships and Advertising Campaigns, which is 1 Million DONUT that can not be sold, neat!
To provide some additional general about providing liquidity.
Going full range allows a users position to always earn revenue and yield farm – whereas going into a concentrated range will use the provided assets more efficiently within that range, but should price swings occur and go beyond your positions range, you will no longer earn fees/farm until the price returns back within range.
This means a $500 of LP in a smaller range will take a larger percentage of the rewards, then a $500 Full range position, but if the a position goes out of range, the full range will still be earning.
Additionally, you can use LP to actually DCA by adding single asset positions.
For example, you could provide $DONUT to the pool, at a range that is not currently available, and if the prices change to within that range, your DONUT turn to ETH, but also provide liquidity rewards in the process.
Example provided
The current price of DONUT is 1.03M DONUT per ETH.
I have added DONUT to the liquidity pool, and set a range of 302k to 758k.
This means, when DONUT moves to that price range, my asset balance will start to replace some of those DONUT with ETH, as the market is demanding more DONUT in exchange for ETH.
One could say, I'm DCAing out of DONUT, but instead of paying trading fees, I'm earning fees! Brilliant!!
Diving into the Donut Pool: Week 68
byu/DBRiMatt inethtrader
Posted by DBRiMatt
4 Comments
I don’t like that you set a range, just trust it an roll with it. I guess you did not want to put any ETH?
I also checked redditos script once more. Donuts incentive Rewards are ok to sell, but fee rewards are coming from the same address as for which you also withdraw or deposit to, so if you sell the donut fee rewards it will still count towards the multiplier.
!tip 1
Oh that DCA strategy is very clever.
> In July we saw nearly 1 Million DONUT get burned
Is it not in August??
^(!tip 1)
>1M DONUT burned
Insane!
What I understand, choosing the full range means you’ll keep earning fees as long as people are trading. But who uses concentrated range or have you ever tried❓️ If there are rewards differences, then how much can it be.
^(!tip 1)
1M burned!
Change the burn address to mine. Thanks!
!tip 1