I released a small amount of USDC from the Pendle-operated Silo Greenhouse YT and moved it to S/USDC Shadow.
Currently, the price of $S is trading around $0.29, which aligns with my expectation that it would break through 0.3 in the short term. As a result, the LP I was operating in Shadow went out of range, so I had to reset it.
Unfortunately, Shadow, the most representative DEX from @SonicLabs, does not have Zap In or Zap Out functions, so whenever it goes out of range, I always have to manually adjust the amounts.
I sometimes use ChatGPT to calculate a suitable swap ratio at once, but it hasn't been accurate, so I'm still looking for a precise and easy way to calculate it. This difficulty arises because the ratio changes flexibly depending on the range I set when creating the LP.
Now, I won't be able to receive the leverage from the sonic points I was mining through YT (it wasn't significant anyway, so it didn't make much of a difference; rather, the amount decreasing through YT seems to be larger compared to the points, confirming it was a loss). However, I plan to continuously convert the interest earned from mining in S/USDC into $LBTC and aim for an increase in LP value due to the rise in the price of S.
Show original
2.15K
21
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.