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https://warpcast.com/~/channel/airdrop
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Decryptica
@decryptica
Binance announced (https://x.com/BinanceWallet/status/1932774351906222382) its Earn Hub for adding liquidity and earning more points. 🔸What are the liquidity pools? • Liquidity pool is the place where you can add your liquidity, for example 50% ZKJ and 50% KOGE. This liquidity will be used by other users for swaps (for trading). • You'll get your part of the fees, that Binance takes from each trade. 🔸How much you can earn when you provide your liquidity? • Open the list of the liquidity Alpha -> Earn. Select any pool and click Add liquidity. • You'll see APY depending on the range that you select (Wide, Medium, Narrow). • Usually, you'll see a small APY, so this is not very good thing for low deposits. Continue reading in the replies>>>
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Decryptica
@decryptica
🔸How many Alpha Points you'll earn additionally? • The explanation is here (https://x.com/BinanceWallet/status/1932800353478865268). The amount of points depends on the amount of liquidity you hold in the PancakeSwap Liquidity Pools: $100 to < $1,000 = 1 point/day $1,000 to < $10,000 = 2 points/day $10,000 to < $100,000 = 3 points/day $100,000 and above = 4 points/day • For example, you added $100 ZKJ / $100 KOGE. Then, you'll be receiving an additional 1 point per day. 🔸What are the risks? • Impermanent loss. It's when you can go out of the liquidity pool range and have only one token. • For example, you added ZKJ/USDT. You have a risk to sell all USDT and hold only ZKJ. If ZKJ price goes down, you can lose money in dollar equivalent. If you want to see how the liquidity pools work, I have a video (https://youtu.be/iiMBv73zEeI) about Sui on Cetus.
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Dmitry Redacted
@dmredacted
Binance is Alpha. Love their products.
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