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RE: Printing Money Regardless of Price Movements in Crypto

in LeoFinance6 days ago

Those are the ways to protect your assets, but the markets are unpredictable. They can change at any point, but 2.45% from a few days is pretty good. What was your maximum risk if the pool decided to get out of your range?

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What was your maximum risk if the pool decided to get out of your range?

I closed that position after earning 3%+ on it. But the position was SOL-USDC. If the price of SOL broke to the downside, I would have ended up holding only SOL (which, theoretically, being in a bull market, would have been pretty good, as it turned out today, for example). If SOL price would have broken the upper limit of the range (as it did, slightly), I'd end up with only USDC. The downside in this case would have been if SOL kept going up and I wouldn't be around to swap USDC for SOL or go into another LP on a different range/strategy. I would have kept the dollar value, but would have lost from the gain SOL had.