Day4｜Points hit 4,711, and I actually want to look at the position itself more
Pons’ price broke above 5—luckily it pulled back. I’m currently slightly back in the green. I only added 700 points yesterday, and it’s getting harder and harder.
Yesterday the price moved out of the range, so I rebuilt the PONS/USDG LP. Today when I opened Fables, it shows 4,711 points, and the position value is $1,502.47.
The numbers look pretty comfortable, but the position value can’t directly be treated as how much profit I’ve made. When you provide liquidity, the three things I care about next are: whether the price can stay within the range, how much trading fee profit I’ve actually earned, and how the PONS-to-USDG ratio in the position changes.
I’ll keep holding the points, but they’re not realized profit yet. First, I’ll record this live trade clearly. Once the rules and results are out, I’ll see exactly what those 4,711 points are worth.$PONS
Pons’ price broke above 5—luckily it pulled back. I’m currently slightly back in the green. I only added 700 points yesterday, and it’s getting harder and harder.
Yesterday the price moved out of the range, so I rebuilt the PONS/USDG LP. Today when I opened Fables, it shows 4,711 points, and the position value is $1,502.47.
The numbers look pretty comfortable, but the position value can’t directly be treated as how much profit I’ve made. When you provide liquidity, the three things I care about next are: whether the price can stay within the range, how much trading fee profit I’ve actually earned, and how the PONS-to-USDG ratio in the position changes.
I’ll keep holding the points, but they’re not realized profit yet. First, I’ll record this live trade clearly. Once the rules and results are out, I’ll see exactly what those 4,711 points are worth.$PONS
