First, let me introduce the event.

This might actually be a situation where one fish serves three purposes. This is a long story, so let me explain it to you step by step. Please see the following 123.

1/ WLFI's official event reward, with liquidity incentives from WLFI, PancakeSwap, and Fourmeme on USD1 in BNB Chain for a four-week trading event. Specific details can be inquired by everyone.

2/ An event officially launched by Jager, with a reward of $100,000 for users adding $Jager✖️USD1 in Pancake V3 LP. Specific details will be revealed soon, but snapshot calculations have already begun.

3/ Add Jager✖️USD1 LP to earn up to 1% LP Fee.

Next, let me explain the entrance for adding Pancake LP.

Open the PancakeSwap homepage, navigate to Earn - Farms - Add Liquidity - Select V3 - Enter the Jager contract on the left - Search for USD1 on the right - Click Next.

Next, let's discuss the precautions for adding LP.

1/ Choose a fee of 0.25% or 1%, as only these two will participate in the event. Of course, this also determines how much LP Fee you can collect; for example, 1% means that 1% of the current LP trading volume is proportionally distributed to each LP holder.

2/ If you want to earn more rewards, it's best to choose the full range. When selecting the full range, the tokens in the LP and USD1 have the same value. If you choose a fixed range, for example, 8M to 16M, the advantage is that the LP will stop operating if the price is below 8M or above 16M, thus avoiding impermanent loss. The downside is that you won't earn LP Fee from that portion and cannot snapshot that part for the event.

3/ What is impermanent loss? When you add LP, if the price goes up, your tokens will decrease while USD1 increases. When the price goes down, your tokens will increase while USD1 decreases. Of course, if the price fluctuates and eventually returns to the price at which you added, your LP value will not change, but you will earn LP Fee.

4/ Which is more profitable, adding LP or holding for dividends? After adding LP, holdings are not calculated, so you cannot participate in holding dividends. However, in my view, ignoring impermanent loss, LP should be more profitable because both LP Fee and holding dividends rely on trading volume. 2.5% of trading volume is distributed to holders with several million market capitalization, but the 1% of LP and $100,000 is only distributed to these LP holders. Theoretically, LP should be more profitable than adding LP if it's not higher than several million USD1.