Day 2｜Damn it brothers, the 0.56 range is gone
Yesterday I just set up the PONS/USDG LP. I originally thought that the 0.56 upper band could hold for a while, but the market gave me no face at all and straight up broke out of the range.
After the old LP broke out of the range, I couldn’t earn fees anymore, so I had to withdraw it, reallocate the assets, and then set up a new LP at the current price.
The 1477U shown in the screenshot is the position after rebuilding—not that I earned 1477U. Strictly speaking, it’s not zero either; it was just a misjudgment of the range. When I rebalanced again, the market educated me a second time.
Concentrated liquidity is like this:
If you narrow the range, the returns look high—but if the price drifts even slightly in one direction for a stretch, the position just shuts down.
I’m back on board now. My points are 3080.
Let’s see how many days this new range can last.
#defi $PONS #Fables
Yesterday I just set up the PONS/USDG LP. I originally thought that the 0.56 upper band could hold for a while, but the market gave me no face at all and straight up broke out of the range.
After the old LP broke out of the range, I couldn’t earn fees anymore, so I had to withdraw it, reallocate the assets, and then set up a new LP at the current price.
The 1477U shown in the screenshot is the position after rebuilding—not that I earned 1477U. Strictly speaking, it’s not zero either; it was just a misjudgment of the range. When I rebalanced again, the market educated me a second time.
Concentrated liquidity is like this:
If you narrow the range, the returns look high—but if the price drifts even slightly in one direction for a stretch, the position just shuts down.
I’m back on board now. My points are 3080.
Let’s see how many days this new range can last.
#defi $PONS #Fables
