Hello HODLers,
This is a post inspired by @jk6276 's one The benefits of Asymmetric Liquidity Pooling on Thorchain.
I decided to test the feature he was mentioning: Asymmetric LP on Thorchain.
As I had a big $AVA stake, I decided to try it out with some of it.
It is quite easy to do:
- First add only $AVA to the LP
- BEPSwap will convert half of your $AVA (or $RUNE if I wanted it the other way around) into $RUNE
- You pray that $RUNE outperforms $AVA so you get some nice green candles !
LP results after 1 Day and $AVA stable vs $RUNE dropping a bit.
You will notice that they added a new line on the LP Summary "FEE EARN", I think this is great to show how much fees you earned through being a LP as it was quite opaque before and mixed into the overall performance.
Kudos to the Thorchain Team for this !
Not so great so to speak but I liked how easy it was to use this feature and will definitely do it again in the future.
With an assymetric LP you take a bit more risk if the asset you switch half of your stake to underperforms but in the long run, I love them both and therefore do not really mind short term volatility.
How it's going after almost a week ...
Well, it seems the LP VS HODL is not getting any better BUT I am positive overall thanks to the bounce of $RUNE
I plan to increase my LP in $AVA - $RUNE in the future as I strongly believe in both tokens as very solid projects.
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