My exercise for the holidays was/is to learn DLMMing on Meteoria ...lol!!, sounds a bit rude, I know.
It's on the Solana chain and it is Dynamic Liquidity Market Making.
A good channels to follow on YT are Seb Montgomery, and TokenGuy. I follow TokenGuy on Twitter too, he seems like a really decent chap, doing Web3 full time and keen to help others learn. Both that good video guides.
Seb is more of a pro-YT channel, very polished, but he has some very good guides, his SUO series is very useful
I have also started to dabble on the SUI chain.
I had some SUI and SOL as prep for the 2025 bull market and I thought I'd like to learn how to make them work, but keep my risk down.
So for I have been successful with the SUI stuff, which was depositing my SUI with SuiLend and borrowing some USDC , we are not talking big money here, this is a learning exercise. I put in my SUI (145) and borrowed 50% of my limit in USDC ($200) then swapped half of the USDC for SUI and went into the SUI:USDC pool on BlueFin.
This has worked well, I am well below my borrow limit and more importantly my liquidation threshold (SUI will need to fall 50% for that to happen), and it seems I'm getting about 140% apr return on this pool, and because its a stable coin pair, if SUI drops I'm left holding USDC , which is fine.
Fun experiment, working well so far.
On Meteora, it's more complex to get my head around and I fumbled my first few attempts, so I lost about 1 SOL over about 4 attempts , but I'm persevering and experimenting with a strategy that lowers the risk,and that one is still playing out, so far so good, the return there atm is 7% per day!!
If it sounds interesting and I'd highly recommend those two guys I mentioned at the start.
There is risk here, so don't think it's a money printer, but earning fees from others trading feels good
I used to get into the LPs back in the day, but I lost so much I am shy now. It was fun and crazy while they lasted though!
That is insane. Be careful out there!
I am playing with fun money really, not going to go hungry if I lose it all :-)