Thanks for the great info! Just subbed. I will check out the rest of your content. Know virtually nothing..Ultimately I want to buy in to the liquidity pools USDC/Velo and WETH/OP. Is buying into the liquidity pool different than liquidity farming?
Same thing. Make sure you have a good understanding of impermanent loss before LP'ing. Once you add into an LP the balance of your two assets can change as you now have now effectively combined two assets into one position, instead having two assets separately. Will do a video on this topic soon!
Good stuff thanks.
Great breakdown 👌
Thanks for the great info! Just subbed. I will check out the rest of your content. Know virtually nothing..Ultimately I want to buy in to the liquidity pools USDC/Velo and WETH/OP. Is buying into the liquidity pool different than liquidity farming?
Same thing. Make sure you have a good understanding of impermanent loss before LP'ing.
Once you add into an LP the balance of your two assets can change as you now have now effectively combined two assets into one position, instead having two assets separately.
Will do a video on this topic soon!