Now that our Rubics have remained Cubic

[Anonymous No.26913808]

Are any of you chads getting in on this liquidity pool deal

[Anonymous No.26914184]

i actually dont have enough eth, and these fees make me not want to do it lol

[SAGE No.26914300]

>>26913808
what does this mean? i should buy during that period not before?

[Anonymous No.26914442]

>>26913808
Never did it before. Only have 8k. Worth it?

[Anonymous No.26914738]

>>26913808
Op explain

[Anonymous No.26914866]

>>26913808
Yup I'm going all in with my stack. I expect a lot of people aren't going to want to provide liquidity, that's okay more share of the put for me

[Anonymous No.26914988]

Go to the Rubic Twitter and read the pinned tweet. If you add to Uniswap's Liquidity pool before like March 5th I think, and leave it there for a few months, you get a bonus 20% added to your rubic investment. (into the liquidity pool, not your entire stack.) minimum is .5 eth to the equivalent amount of Rubics. I was thinking about tossing in a single eth and the corresponding Rubics and seeing what happened, but was hoping a More Experienced Autist could offer some guidance or opinions on potential downsides.

[Anonymous No.26915015]

>>26914866
pot*

[Anonymous No.26915267]

>>26913808
I may be retarded, but I think incentivising liquidity provision this early is bullish as fuck. They seem to want to ensure there's enough RBC on the market in the months leading up to summer. My only concern is whether the rewards will outweigh IL when RBC gains exponentially against eth - any smarter anons want to chime in?

[Anonymous No.26915319]

>>26914988
Yes please if someone could explain a little better I am willing to make this happen because I don’t plan on selling anything.

[Anonymous No.26916012]

>>26914988
When you provide liquidity, you get liquidity tokens which entitle you to a share of the liquidity pool. The market uses your eth/rbc to facilitate trades and takes (in the case of uniswap) .3% as a transaction fee which is added to the liquidity pool. The make-up of your liquidity tokens is dynamic and fluctuates based on the size of the pool and the performance of the assets against each other (as less rbc buys more eth, for example, your liquidity tokens become more skewed towards eth as the tokens need to be 50/50).

[Anonymous No.26916308]

is it smart to buy in at this moment or should i wait for a correction ?

[Anonymous No.26916472]

>>26916012
Concise and appreciated, anon. does the potential risk lie in RBC rapidly outpacing it's current worth, and after retrieving from the pool one might have, say, 1.5 eth and only half an eth in rubics? seems long term holding the rubics might be more lucrative

[Anonymous No.26916572]

>>26913808
I want to but I don't have enough ETH. Might buy some more so I can do this.

[Anonymous No.26916945]

Hop on this

[Anonymous No.26916982]

>>26916472
what you've just described is referred to as 'impermanent loss' - short term it can fuck you over if you're providing liquidity for a token you are bullish on (as you end up with less of it), but if you stay in the pool long enough (as long as the pool is generating volume/fees) you will always trend upwards, and end up with more of both. There are graphs you can look up showing this. The incentive here is that you receive pool rewards plus an additional 20% of the stack you put in, before any IL takes place.

Personally, i'll probably end up doing something similar to you; 1-2 eth and a portion of my stack, and not pulling it out until late summer.

[Anonymous No.26917030]

>>26916472
So you’re not guaranteed to get all your rubic back?

>>26916572
Same

[Anonymous No.26917112]

>>26913808
THE /biz/ SERVER LINK IS:
https://discord
.com/invite/dcMNUMnk8q
GET IN HERE, VERY ACTIVE COMMUNITY././

[Astronaut No.26917342]

im too fucking retarded to do this. im joing going to hold onto my rubic which i somehow goet into my ledger.

[Anonymous No.26917380]

>>26916472
Long term holding is more lucrative, had the same problem when providing liquidity with prq, if prq moons i actually make more holding than providing liquidity, pooling is good when the coins stay at a relative same price

[Anonymous No.26917945]

>>26917380
This is spot on, providing liquidity for a stablecoin pair is low risk. For the Rubic team to be trying to incentivise liquidity provision to this extent should be telling us all what they think is going to happen to the price over the next few months, which was my original point.

[Anonymous No.26918012]

>>26917342
Yeah same here I don’t want to risk loosing my stack. I’m at 16k right now and I might buy a little more after I get my returns from raping schlomos ass with my gme.

[Anonymous No.26918756]

>>26917945
It's a good way to do it, the prq team was just giving out max 250$ worth of prq to top holders weekly, might throw half my stack in it, but still not sure if i will actually go in profit even with the 20% rubic.... Might just hold instead, then i can move it around when needed without worrying about loses