A wave of eating and taking 😂
Yesterday, I made some $SKYAI / $BNB Pancake V3 LP
Today, early in the morning, I broke out of the range, and in less than a day, I earned nearly 3000 U in fees, and my principal increased by 7 BNB.
Family members are fiercely racking up points on Binance Alpha
I didn’t expect to end up giving all the fees to LP 😂
The 0.25% I made
Saved some fees for my family
Is it considered conscientious? 😂
----Divider----
After doing arbitrage for a long time, I have a theory:
That is, if an arbitrage opportunity gradually becomes public
Then everyone will drive it to a point where there’s no profit to be made
The same goes for new listings and airdrops on Binance Alpha
Once it starts to get competitive
You need to figure out who is profiting from it
Binance's new projects support studios
But the studios are paying LPs
The new projects on Alpha
Need to rely on "trading volume activity" to impact spot on Binance contracts
Although doing LP has some gambling elements
There are considerations:
(1) Someone is supporting (the studio)
(2) Someone has a vision (the project side)
Then the winning rate is sufficient
PS: The screenshot of 5,128% APR is not accurate, as I just withdrew funds, and the denominator has become smaller.