WLEO now over $320k liquidity in the Uniswap pool

in GEMS22 days ago

I am going to need to up my LP position on Uniswap!

Just about every single day since the WLEO launch on Uniswap, the amount in the pool has continued to rise.

Currently the pool is over $320k...

image.png

(Source: https://uniswap.info/pair/0x85c4f11c4b3887425762e9d7e63774f087411dcf)

Not only has the total liquidity continued to rise, but the volume and fees have been trending up as well.

Something that I am sure other LPs are noticing as they are also collecting a portion of the trading fees.

Not to be left out, the price of WLEO has been marching upwards pretty much ever since the first day of listing as well.

It's currently trading over $.20...

Check it out:

image.png

(Source: https://uniswap.info/pair/0x85c4f11c4b3887425762e9d7e63774f087411dcf)

The rise in price is all thanks to the Uniswap listing and the ensuing interest in the token and the project.

The price of HIVE is down since the WLEO listing while WLEO is up roughly 40%.

Hopefully at some point, HIVE stops trending down.

The negatives of WLEO continuing to march higher...

There is one potentially bad thing, at least for me, as WLEO keeps marching higher...

Like I mentioned in a previous post, there is the possibility that if WLEO keeps gaining against Ether and goes up significantly, to say like $1, my holdings of WLEO will be drastically lower than when I started as an LP.

When I started, I contributed a shade under 18k LEO and now I have roughly 14k LEO...

image.png

(Source: https://app.uniswap.org/#/add/0x352c0f76cfd34ab3a2724ef67f46cf4d3f61192b/ETH)

In the above scenario (where WLEO goes to a dollar), it would have been better for me to have just held the 18k LEO and watched them be worth $18k as opposed to providing liquidity.

Plus as the total liquidity in the pool continues to rise, my share of that pool continues to decline.

Meaning I will receive less and less of that 300k LEO bounty.

Which means...

It's time for me to add some more LEO to the pool! :)

I just have to be aware I could have drastically less WLEO a few months from now if the current price trajectory continues.

Stay informed my friends.

-Doc

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