Many have heard about providing liquidity on STON.fi, but few have actually seen real examples of when it could bring solid returns📈.
So here’s one of them👇.
The developers of #Notpixel announced a tournament launch on May 12 and spent a week explaining the rules. It was clear that players would need to buy PX tokens to participate. And most people, whenever possible, prefer to use the USDT pair. That meant it was obvious that PX would rise significantly around the launch of the tournament, along with increased trading volume in the PX/USDT pair📶.
So what could you have done🤔? You could’ve bought PX when the market cap was $20M — before its main rally began on June 3 — and added it to the PX/USDT pool on STON.fi.
As a result, if you had bought PX and provided liquidity on May 26, by now you would’ve made a 1.5x profit from the token's growth (MC $20M → $30M), plus 12% yield from liquidity provision (minus roughly 2% for impermanent loss).
As you can see, it’s all pretty simple😜!
By the way, now is not the best time to provide liquidity, since #PX is expected to return📉 to its previous $20M market cap and trading volumes have already dropped.
How to Provide liquidity on STON.fi ?
How to earn instead of losing on STON.fi liquidity pools?
$TON $NOT #TON