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How to take profit with LP-ing (not nuking the chart)
The past few weeks were crazy in the $AVAX eco – first, $KET catapulted us into the stratosphere, closely followed by $WINK and other tokens.
The lucky diamond-handed people that are still holding to their presale tokens today might be wondering – how do I take profits WITHOUT impacting the chart?
Enter single-sided LP using concentrated liquidity (you provide liquidity only with the token you want to sell).
On Avalanche, both @PharaohExchange and @LFJ_gg support this kind of LP-ing.
This step-by-step guide will focus on the Pharaoh Exchange.
Our scenario is as follows:
- We have 1000 $KET tokens
- We want to start earning fees ASAP
- We want our LP to be between the current price and the ATH. This ensures gradual profit-taking without selling all tokens at once.
NOTE: Most tokens are paired with $AVAX, so you need to think in AVAX terms instead of USD.
Our proces will consist of three steps:
1) Identify LP range
2) Set up LP
3) Remove liquidity
The past few weeks were crazy in the $AVAX eco – first, $KET catapulted us into the stratosphere, closely followed by $WINK and other tokens.
The lucky diamond-handed people that are still holding to their presale tokens today might be wondering – how do I take profits WITHOUT impacting the chart?
Enter single-sided LP using concentrated liquidity (you provide liquidity only with the token you want to sell).
On Avalanche, both @PharaohExchange and @LFJ_gg support this kind of LP-ing.
This step-by-step guide will focus on the Pharaoh Exchange.
Our scenario is as follows:
- We have 1000 $KET tokens
- We want to start earning fees ASAP
- We want our LP to be between the current price and the ATH. This ensures gradual profit-taking without selling all tokens at once.
NOTE: Most tokens are paired with $AVAX, so you need to think in AVAX terms instead of USD.
Our proces will consist of three steps:
1) Identify LP range
2) Set up LP
3) Remove liquidity
