👮♀️ Tornado Cash's Alexey Pertsev Released Ahead of Appeal. The developer, who was sentenced to 64 months in Dutch prison, is out on electronic monitoring as he preps his appeal.
🦅 Solana ETF Proposal Moved Ahead by SEC. Grayscale's SOL spot ETF is moving ahead as the SEC solicits public comments on the proposal.
💰 Crypto exchange Gemini reportedly plotting a 2025 IPO. The regulatory stars are aligning for the Winklevoss Twins to take Gemini public this year, Bloomberg reports.
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Daily Market Snapshot: With weeks of down-only altcoin price action taking a toll on sentiment, Crypto Twitter is taking a break from bashing the Ethereum Foundation to bash memecoins while decrying the memecoin launcher casinos that juiced the trend. Will one choice pump kill the rebellion? Or is CT turning its back on them for good?
LPing, aka Liquidity Provisioning, can be a killer way to earn yield on your assets.
Yes, it comes with a multitude of risks like impermanent loss and exposure to volatility – though that is kind of the point – but there are plenty of benefits to getting onboarded here.
In walks Meteora, a leading liquidity management platform on Solana that offers advanced tools to optimize LP strategies. Knowing how to apply liquidity effectively can make the difference between profits and losses.
In this article, we’ll explore three advanced LP strategies that help LPs navigate different market conditions:
The Anti-Sawtooth Strategy: designed for volatile assets that tend to mean-revert.
The Hot Potato Strategy: focused on maximizing fees during short-term trading spikes.
The Ole Bread 'n Butter Strategy: a market-adaptive approach to reducing impermanent loss.
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Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time to time, we may add links in this newsletter to products we use. We may receive a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets.
