Starting liquidity provision on @MeteoraAG led to significant losses due to incorrect steps I took.
With new LPers arriving, here are some do's and don'ts for new liquidity providers starting out 🧵👇
1. Don’t start blindly
Seeing lots of crazy pnl on x and discord is a good drive to start, but you might end up hating lping if you get in blindly without understanding what it all means
Seeing lots of crazy pnl on x and discord is a good drive to start, but you might end up hating lping if you get in blindly without understanding what it all means
2.Learn to earn
@met_lparmy has made great guides to take you from being a beginner to a pro all for FREE
Accessible on lparmy.com.Filled with amazing resources to help you navigate lping.
Also do well to watch past bootcamps available on meteora YouTube channel.
@met_lparmy has made great guides to take you from being a beginner to a pro all for FREE
Accessible on lparmy.com.Filled with amazing resources to help you navigate lping.
Also do well to watch past bootcamps available on meteora YouTube channel.
3. Consistency
As @memecoinassasin said “it’s not about the amount, it’s about consistency and percentages” take your time to build your wins, don’t be in a rush to get that 1000% pnl at once, adding up your small wins is also a huge win.
As @memecoinassasin said “it’s not about the amount, it’s about consistency and percentages” take your time to build your wins, don’t be in a rush to get that 1000% pnl at once, adding up your small wins is also a huge win.
4. Associates with others.
A tree doesn’t make a forest. Do well to associate with other experienced and top liquidity providers.
Join the lp army discord to stay connected and interact with the lp army. discord.gg/lparmy
A tree doesn’t make a forest. Do well to associate with other experienced and top liquidity providers.
Join the lp army discord to stay connected and interact with the lp army. discord.gg/lparmy
6. Avoid fomo
One of the biggest loss I has was getting into a runner late and it didn’t end well
As @lochiejarvis201 said “if you are late don’t ape” avoid fomo and stay active for the next runner.
One of the biggest loss I has was getting into a runner late and it didn’t end well
As @lochiejarvis201 said “if you are late don’t ape” avoid fomo and stay active for the next runner.
5. Know when to take a break:
Having back to back looses and no significant win ? Maybe a time to take a break but not a stop.
it’s a moment to reflect and strategize what went wrong and how to make a good comeback.
Having back to back looses and no significant win ? Maybe a time to take a break but not a stop.
it’s a moment to reflect and strategize what went wrong and how to make a good comeback.
If you find this useful, do well to share and follow for more.
Keep Lping and printing 🪖❤️
Keep Lping and printing 🪖❤️
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