The Poolshark team is thrilled to announce Price Pools will be coming mid Q2 2023 π
When there is a lot of uncertainty on the token price, such as $BLUR in this case, Poolshark's Price Pools (soon β’οΈ) will serve as the backbone for users employing Take-Profit range strategies.
twitter.com/0xkhan_/status/1625860127948681216
Buy-and-hold LPing will avoid users having to pay high gas fees β½ when there is a lot of trading activity. Other negative externalities come with being on the swap side such as front-running π₯ͺ and swap fees π°.
The beauty about the x*y=k Range Order model is that no matter how wide the user's price range is, the gas cost is almost exactly the same.
To get the level of sophistication Price LP positions offer you over the range of 3000 to 5000 DAI per ETH, one would have to execute ~510 swaps.
That's about $3000 in gas fees on ETH mainnet π€―
...vs. about $15 for opening a Price LP Position to gradually take profit for you at the smart contract level π
Currently we are undergoing audit for our Cover Pools, which will act as a Stop-Loss Range Order and hunt for liquidity in the market π¦ .
Cover LP positions could also be used as a "bullish entry" in addition to a stop-loss.
Example: user is bullish on ETH when the price hits $2000 and starts averaging into ETH with DAI up to a price of $2200.
In a few hours...we will be having an AMA hosted by @AlfaDAO_ in their Discord and giving away OG roles...be sure to join hereπ
discord.gg/alfadao
We're excited to see users play around in our upcoming @arbitrum Testnet Launch targeted for mid-March.
Stay vigilant and follow us here to get all the latest alpha! π€ π¦
You can read the unrolled version of this thread here: typefully.com/poolsharks_labs/fpqwRFK