$NOT reaches the price of 1 cent again!
Just today, NOT crossed the $0.01 mark, following the main blockchain coin - $TON. In yesterday's post, I explained the reasons for #TON growth.
The APRs of the corresponding liquidity pools on STON.fi also soared:
NOT/TON, APR - 81%
NOT/USDT, APR - 100%
This is due to the fact that when the price of the coin changes, trading volumes grow, while TVL, as a long-term asset, remains the same. By the way, during the bullish trend of $BTC some liquidity providers take their coins out of them to start actively trading and avoid volatile losses.
But, due to the high volatility of the TON blockchain, this is not particularly profitable on it. Let's do the math:
If the price of one coin of a pair changes by 20%, the non-permanent losses will be only 0.41%, which is covered in 36 hours of holding.
To provide liquidity on STON.fi:
Download and connect TON Wallet to STON.fi site (Binance Web3 Walleet for example).
In the Pools tab, select the pool you are interested in
Swap both coin pairs in price equivalent
Click on the Provide liquidity button on the page of the selected pool and confirm the transaction in the wallet.
