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https://warpcast.com/~/channel/lum
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AJ
@awedjob
Not bad for 48 hours worth of staking:
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unclebrian
@unclebrian
Providing liquidity is much different than staking. You are effectively DCA’ing out of $lum as it goes up
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AJ
@awedjob
Well, I obviously have a lot to learn. What does DCA’ing mean?
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unclebrian
@unclebrian
Dollar cost averaging. By providing liquidity you are basically offering your lum/usdc to anyone that wants to buy/sell. The amount of lum/usdc in the pool re-weights as lum reprices. So if $lum goes up you are effectively slowly selling $lum. You can see your pool share is now just 28% lum.
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AJ
@awedjob
Thanks. That helps me understand better.
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