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21643402 No.21643402 [Reply] [Original]

if i put $500 in to the DAI- ETH pool on uniswap it gives me around 3.2% return per month.

now if that is compounded monthly for 30 years that gives me $41,000,000 in 30 years. adjust for inflation is roughly $20,000,000 in todays value in the year 2050.

thats my retirement sorted then.

>> No.21643437

That's not how it works

You're getting $15 back per year, which is just above "normal" inflation

Try again no beard

>> No.21643510

>>21643437
no. i have put $495 in to the pool 25 days ago and my profits are $15 thats $16 per month which is 3.2% a month not a year

>> No.21643712

https://www.thecalculatorsite.com/compound?a=495&p=3.2&pp=monthly&pn=30&pt=years&rt=deposit&ci=monthly&c=1

>> No.21643843

>>21643402
Read up on impermanent loss. You will get fucked long term vs just holding the DAI and ETH. Bancor v2 solves this.

>> No.21644013

>>21643843
im aware of impermanent loss. if eth moons i get less eth. im not interested in that. i have other eth. what im interested in is the trading fees ie. my compensation from liquidity providings.

>> No.21644184

>>21643843
sorry im not going to put my money anywhere near that israeli shite

>> No.21644285

>>21643510
What was the price of ETH 25 days ago? Can ETH continue climbing for 30 years at the same rate? Calculate the price you would need ETH to be for you to have 41M in one year then realize how stupid you are.

>> No.21644392

>>21644285
doesnt matter. i make money whether eth climbs or eth falls. as long as the trading volume on Eth/dai is decent i make money.

>> No.21644693

>>21643402
How do you join a pool? Their FAQ is garbage.

>> No.21644913

>>21644693
you fucking dont.

>> No.21645131

>>21643402
good for you
>>21643843
>Bancor v2 solves this.
it doesn't, it's vulnerable to frontrunning
the best practical solution is probably mooniswap

>> No.21645515
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21645515

>>21643402

he's holding stable coins instead of investing in micro-cap uniswap gems? ngmi kek

>> No.21645523

>>21645131
mooniswap wont get used because it charges traders more money

>> No.21645570

>>21645515
why cant i do both