Practice brings true knowledge. One-hour transaction fee income: 112u
Today, I chose $KOGE because $KOGE's main pool is the USDT pool, which aligns with my goal of using a portion of stablecoins for high annualized yield in DeFi.
First, let's summarize the conclusion: Pool range 0.1%, annualized yield as high as 11760%
One-hour transaction fee income: 112u, impermanent loss: 0
If you're not familiar with adding liquidity to pools, you can go to the earning section in the OKX wallet, click on Binance Alpha Earn, where OKX provides three range LP options for you to choose from.
Of course, if you know how to operate, you can add LP and adjust the range yourself on PancakeSwap or Uniswap.
To achieve a high annualized yield, it's better to adjust the range yourself. However, OKX has provided a beginner-friendly option for LP creation, allowing newcomers to start with @wallet and gradually learn to adjust the range themselves.
@okx @binance #Binance @KaitoAI @cookiedotfun @sparkdotfi
If you have any questions, feel free to interact in the comments section, and I will answer them.
Add a pool for tokens on Binance Alpha, with an annual yield of 5000%?
Tested as follows:
1. Open Pancake
2. Click on Earn and then Farm/Liquidity
3. Search for tokens (currently the most traded $B2 / $ZKJ)
4. Add liquidity
5. Select a range of 0.1%
6. Purchase tokens corresponding to the amount of BNB you want to invest
7. Confirm to add to the pool
Challenges:
1. To achieve a high annual yield, you must choose a smaller range, which can easily lead to impermanent loss if you go beyond the range
2. You need to adjust your liquidity range according to the coin price at any time (if you don't want to adjust frequently, you can choose a larger liquidity range, but this will reduce the annual yield)
3. You can reduce the risk of impermanent loss through lending
If anyone encounters any issues during practical operation, feel free to discuss in the comments section, and I will reply one by one, focusing on recovering the wear and tear!
@KaitoAI @binancezh @GiveRep
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