A reminder for those who have provided liquidity for Alpha through the new launch of the Bo Wallet.
Adding LP, especially for small altcoins, is a highly risky DeFi play. If you haven't experienced the DeFi summer, let me summarize the potential risks in one sentence:
If the coin goes up, all the coins you added to the pool will sell off as USDT.
If the coin goes down, all the USDT you added to the pool will buy you coins.
You only make a profit when the price of this coin is extremely stable, fluctuating within the small range you set, but the annualized profit you make is just a small gain.