[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 584 KB, 2212x1609, 1612930102912.jpg [View same] [iqdb] [saucenao] [google]
28620916 No.28620916 [Reply] [Original]

So am I doing this right? This is for the Pangolin exchange.

If I want to add liquidity my input being AVAX and my output being LINK. I want to put 300 AVAX which means I'll also have to add 470 LINK.

Now it's saying the share of the pool is 0.33. The fees in the last 24 hours for this pair have been $2,114. So the fees my pool take is $697 and then I'll take 0.3 of that? Is this daily? Would I be able to pull my liquidity whenever?

I also see the liquidity pair is WAVAX instead of AVAX. Does your AVAX automatically turn into WAVAX once the liquidity is initiated?

>> No.28621445

Can someone provide me some insight please

>> No.28621917

/biz/ bros please

>> No.28622056

yes you can take it out anytime, at an expense of some fees.

not sure how the fees are calculated, but png is sent out by the % of your delegation.

suppose i have 5% of PNG-UNI pool, where the weekly is 800 PNG, ill be getting 40 PNG per week.

>> No.28622076

>>28620916
Zero Exchange will soon have:

- native NFT integration
- Polkadot bridge
- charting
- limit orders
- lower fees
- fiat gateways

The first DEX to launch on AVAX, with support for 3 blockchains. How the fuck can Pangolin compete?

>> No.28622260

>>28622056
Appreciate the response. So my calculations are right? I'm going by the 24 hour fees on the pair.

>> No.28622428

>>28622076
Wasn't this exposed for being a rug pull?

>> No.28622591

>>28622260
you mean your share is 33%, or 0.33%.
if its 0.33% then you're only getting 6.9$.
honestly, calculating the gains from fees is useless, unless you're the whale with 100k avax. Us small fry have to make use of the PNG distribution for now, before avax bridges and binance withdrawls are working and more whales fill up the pools

>> No.28623550
File: 92 KB, 836x742, liquiditypng.png [View same] [iqdb] [saucenao] [google]
28623550

>>28622591
I'm trying to calculate how much I would earn a day by providing liquidity. Not even going to go through the hassle of calculating fees.

So 2384 x 0.32 = 762.88
then 762.88 x 0.3 = 228.86 would by my daily share?

>> No.28623721

>>28623550
What Is the 2384 figure ?

>> No.28624088

>>28623721
The fees for the WAVAX-LINK pair in the last 24 hours.

>> No.28624282

>>28622428
He's a paid shill or the dev, literally post the same shit in every AVAX thread

>> No.28624515

>>28622428
It’s up 250% in day. What the fuck do you think?

>> No.28624567

got 70k PNG

no idea what to do with it?

>> No.28624586

>>28624282
You must be a Pagolin dev. Fixed your app yet?

>> No.28624702

>>28623550

let me do the math,

today's daily volume (24h) is 6 000 000 $,

0.3% of all trades is shared across all liquidity providers.

there is 1 225 000 PNG given out to the pools each week, LINK-AVAX has 17% of all avax delegated, giving 215 000 weekly PNG.
and like you said, around that ratio, 2384$ is given to your pool alone.

so then you only take 0.33% of that 2384$, which is 2384*0.00032 = 7.62$ (learn how to do percentages)

P.S. youre getting 70 PNG weekly, which is around 500$ right now. so dont look at the fees if youre not a whale.


meaning,

>> No.28625104

>>28624702
I see. I was a bit confused since I saw a post of another anon talking about how he made around $700 in 3-4 days with providing the same amount of liquidity I'm currently thinking of putting in.

>> No.28625328

>>28620916
I'm apparently earning like $150 worth of PGN per day with just a few thousand in liquidity pools. Of course you can't claim PGN atm because the bridge is down? It seems too good to be true. I don't know.

>> No.28625380

>>28622076
Fuck off baby yoda.

>> No.28625404

>>28625328
How much liquidity are you providing?

>> No.28625600

>>28625404
I put about 60 AVAX into liquidity mining, matched by other assets equivalent to that amount. So about $5,400. And I'm getting $148 in PGN per day at current Avax exchange rate... except I can't access it.

>> No.28625703

>>28625600
Damn wtf that's great. I'm currently thinking of putting in around $30k wonder how much I'd receive if that's the case.

>> No.28625887

>>28625703
I assume a fuck ton if things are as they seem and you can claim it when the AEB is back up, assuming that also happens soon.

Something interesting is your PGL token amounts lock in when you submit your pool to earn PNG. So I think by going into pools when there was a lower volume, I received more PGL tokens than I would have received if I put in an equivalent amount at a later date. So the earlier you get in, the greater "stake" in the pool you get. I may be wrong on that, it's just how I've interpreted it so far.

>> No.28626094

>>28625887
Really appreciate you providing details about. So I have my AVAX in the avax web wallet and my LINK in binance.us how do I go on about transferring these tokens over to Pangolin?

Like I said I've never provided liquidity so i'm a complete newfag when it comes to this.

>> No.28626508

>>28625703
at the current weekly rate, you'll get 700 PNG (4.9k$) weekly if you put in 700 avax worth of liq.

but that's what everyone is thinking right now, the only reason nothing is changing right now, is because i cant add more liquidity myself right now. cant withdrawl or send avax

>> No.28626699

>>28626094
No problem, this was the first time I did too although I had staked AVAX normally prior.

So, if the AEB was actually up you could send ERC-20 tokens like LINK from Binance to a Metamask wallet and then move it over the AEB bridge (aeb.xyz) from Ethereum Network to Avalanche Network. Metamask supports both networks in its wallet and interfaces directly with Pangolin at a click of a button.

But it's not up... so right now you would have to convert any assets to AVAX within binance, then send the AVAX from binance to your AVAX web wallet, then follow this guide (https://pangolin.exchange/tutorials/getting-started)) to add it to your Metamask, connect it to Pangolin at the click of the button, and swap it within Pangolin for LINK or other assets.

The second solution is what I did because the bridge had problems from day 1. It's not as daunting as it sounds, you just need to take a minute to understand Metamask if you've never used it.

>> No.28626923

>>28626094
I have about $15k in the wavax linknpool and get about 60 PNG a day.
The fees aren't worth taking any notice of really.
The gains are in the PNG.
You can claim your gains without needing the bridge too.

>> No.28627229

>>28626094
To be more detailed, any funds you have in the avax web wallet you move from the x-chain to c-chain, then send from c-chain to metamask address. Then Pangolin connects with a click. Read all the tuts.

>> No.28627331

>>28626923
>You can claim your gains without needing the bridge too.
Why cannot I claim my PNG gains right now?

>> No.28627459

>>28626508
That's an insane amount.

>>28626699
You're a godsend anon, thank you.

>>28626923
Does AVAX automatically turn into WAVAX when you begin to provide liquidity? How does that work? Also when claiming your gains, I'm guessing the PNG gets automatically placed in your meta mask? Are you able to exchange them for AVAX or LINK?

>> No.28627952

>>28627459
>Does AVAX automatically turn into WAVAX when you begin to provide liquidity? How does that work?
All automatic, just add the AVAX and matching asset and it happens.

>I'm guessing the PNG gets automatically placed in your meta mask?
It accrues in a header tab. There is a "claim" button to realize it to the metamask wallet, I assume with some small fee each time, but that's isn't working currently.

>> No.28628585

>>28627952
Awesome. Thank you so much for the informative replies

>> No.28628920

Please help me, my AVAX (315) is staked until end of Feb, how can I add liquidity ? Do I also need the same amount of another coin?? I only have AVAX? Please help thanks you anon bros

>> No.28629075

>>28628585
No prob Bob

>>28628920
>staked until end of Feb, how can I add liquidity ?
You can't, it's staked.
>Do I also need the same amount of another coin?
Yes.
>Do I also need the same amount of another coin?
Not a problem, you can swap half of it in Pangolin and liquidity mine with each half.

>> No.28629125

>>28628920
From what I learned through this thread is you would need the same amount of another token to bound to your AVAX tokens.

For example; If you have 300 AVAX, you would need to also add around $14k of another token to bound to that AVAX.

>> No.28629455

>>28629125
you should read into 'impermanent loss' and how it works when delegating assets, pangolin page doesnt talk about it at all