Discussions from the Metaverse

@DarthVader i added liquidity to create a MM/USDC pair

@DarthVader

https://www.defined.fi/ava/0x0c8f6507abb481891a762985feb53431c8a29d86?cache=e2707

@Cherry you are post 9121 😅 loving the cake btw

@Flock Is 9121 lucky? 😺

@Reillin go for it. Seeing as you held one already;)

@Reprobus2 Good show.

@beans It can take a while to understand as it did for me. If the current APY is 150%, then you know what your return will be.

The hard part is the price will fluctuate and the APY. The pool has been returning more than 100% APY still which is pretty good. That is fees and the rewards from staking your LP tokens.

The fees you gain and rewards are there to also offset the impermanent loss.

The reward is dquick tokens which can be claimed anytime and converted to xyz token including usdc. The fees accumulate within the pool until you exit. It is best to track the returns with a spreadsheet. Every x-day of the week, I claim the rewards to buy more MM tokens so I can track consistency and "actual" return. Goal on my end is to get more MM tokens. But you can use the rewards on any token. Take your time though until it makes sense. It didn't make sense for me until I started and setup a system of consistency.

@NFTDailyNews Most new people forget that once you add liquidity, you can also stake your LP tokens to earn the rewards.

@Eddy

Since every wallet adress is already an account on Metafora, i would say Metafora has as many accounts as there are wallets in the world.

So maybe a couple hundred million accounts or maybe a few billions, or maybe more :)

@hearts Thanks Misol!

@hearts 37

@CryptoBackstage Interoperability is the future, it's long-term play no doubt, and more than likely helped TL gain experience with crypto infrastructure more than anything.

@JamesHuckle great stuff James. Glad to see you here!