Liquidity Providers: Impermanent GAINZZZ Using Uniswap V3

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In the quoted thread I laid out my #uniswap v3 LP's to earn: - $12,767 in PROFIT - $7,217 of that in yield - $5,550 in appreciation. ALL IN A FEW WEEKS In this thread 🧵 I will breakdown my performance the past 3 months & highlight how TRACKING LP's can be the edge need ⬇️⬇️ twitter.com/FLOAT_LOCKER/status/1636079861776412672?s=20

What to expect in this thread? - Performance of a @Uniswap V3 LP farmer (me) vs a HODL'er - Real P&L Breakdown with PROOF - How I achieved this performance and continue to outperform HODL consistently. - Performance from March 21st 2023 through June 25th 2023

HODLer's performance? - $8,218 PROFIT - ZERO YIELD - ZERO IMPERMANENT GAINZZZ Starting Price: $1761 Current Price: $1899 Value: $1761 - $191,410 $1899 - $199,628.60 Max Drawdown at $1626 $ETH price: - $8,125.91 LOSS

I earned in $ETH $USDC UNIV3 LP's: - $21,760 PROFIT - $12,616 of it in YIELD - $9,144 in LP appreciation - $925 in IMPERMANENT GAINZZZ💪 Starting Price: $1761 Current Price: $1899 Value: $1761 - $191,410 $1899 - $213,170 Max Drawdown at $1626 $ETH price: - $19,951 LOSS

You won't see the total reflected in the screenshot above as I withdrew $11,550 in liquidity during that drawdown. I took yield earned throughout to deposit into a BTC/ETH LP for directional exposure. We won't see the effects of yield compounded in this scenario due to this.

The drawback? I had a LARGER drawdown than a HODL portfolio. Drawing down over $11,825 more than the HODL'er. This is definitely a risk to consider. BUT! I have a LONG time horizon. A few months yield will overcome it. Which would make the upswing MORE explosive = BIGGER PROFITS

NFT ID's for reference for those looking to investigate in chronological order: - 795780 - 833672 - 864205 - 870117 - 891931 - 913289 - 921055 - 924960 (ACTIVE)

Screenshots of the first 4 NFT's.

Screenshots of the last 4 NFT's

To summarize: - Earned $13,542 MORE PROFIT than a HODL'er - I took a larger drawdown - Long time horizon will overcome difference in drawdown through yield - LP Grouping is the key to success in UNIV3 LP Farming.

Join my Discord for FREE where I discuss UNIV3 mechanics & show how to implement ANY trading strategy to it. discord.gg/uBqJ8gasFX

You can read the unrolled version of this thread here: typefully.com/FLOAT_LOCKER/Cr9liob

Credit to @ApyVision for helping me track my data, without them it would be very difficult. If you can't track your performance, what's the point? :) Leaders in the space such as @GammaStrategies @ArrakisFinance @mavprotocol @CryptoAlgebra @traderjoe_xyz may find value in this.