Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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state-of-crypto-2022_a16z-crypto.pdf
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Crypto Market Report by a16z
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Kromatika Finance

how it works

this is a p interesting project

it allows you to LP and automatically sell upon hitting your limit order

e.g. you think that ETH will be ranging between 2.5k - 3k, and you want to be farming the range. You LP ETH/USDC and concentrate liquidity within the said range with a limit order at 3k. If ETH hits 3k, then your LP position will be closed and you'll get your LP fees.

This is great because now you can farm within tight ranges and minimize I/L instead of having to constantly monitor prices and manually pulling the LP position out once price has broken out of your range

however, the limit sell can only be above the current price of the asset. meaning if price tanks then you'll still get I/L from the breakdown of your range

still an interesting concept worth checking out