source avatarLB

Share

$110K DLMM update on $PUMP Two months ago I set this LP up with the goal of yielding $20K a month. June fee came to $14,786 July was a strong month, with total LP fees coming to $23,133. Total earned in 60 days: $37,898 Below you can see my spreadsheet which tracks daily fees, yield per day and hourly rate. Annualising at $227,388 currently. Not bad for 30 mins of work a month. I have now closed out the LP as price has moved higher. Still hold my 500M $PUMP which is currently worth $1,030,000 A lot of people have asked why I haven't just bought $PUMP with the $100K given I am so bullish. The answer is simple. I see this as a hedge. If $PUMP range for an extended period of time I have the luxury of earning circa $20K a month. If $PUMP explodes I get the capital appreciation from my long position. If $PUMP dumps I get the opportunity to buy even more at a stupidly low price. A win-win-win.

No.0 picture
No.1 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.