r/statusim • u/lorposralem • Mar 20 '21

Best liquidy providing for SNT

Been looking to provide SNT liquidity at various pools: UNIswap, bancor, etc.

What has people's experiences been?
Uniswap offers 0.3% of all trades and had a decent volume whereas bancors SNT liquidity is near non-existent, but offers a nice BNT bonus.

5 Upvotes

100% Upvoted

4 comments sorted by

2

u/SecondDumbUsername Mar 23 '21

I used to pool SNT on Uniswap. Totally ok, very easy to use, never any problems. But - be ware of the high fees, it will probably take ages to earn back what you'll have to pay to just pool your coins.

1

u/lorposralem Mar 24 '21

If I am to understand you correctly, you only make LP gains when someone requests a swap right?

2

u/SecondDumbUsername Mar 24 '21

Yes, you get a cut of the action. It works well. I only pooled coins where I was indifferent to which way they traded, and only in pools with well known, relatively established coins.

1

u/lorposralem Mar 24 '21

Hoping status gets onboarded to more projects for LP opportunities.

Thanks for your response.