The number $THE has been testing mining these days. Binance is not the only one I've played around with these days. First, let me say that the automatic mining of THE is a trap; it has trapped me badly. It is different from regular LP mining. In regular LP mining, once the price moves out of range, you stop mining. When the price returns to that position, you won't have any losses. However, THE uses gamma automatic management. Since I haven't tried automatic management before, I invested $34,000 to see how it works, and the result surprised me. This automatic management, when the price of a coin drops significantly, exchanges that dropping coin for another coin, allowing you to keep mining within the LP. This leads to an awkward problem where the manager keeps selling the dropping coin. Although it stays within the LP range, the position keeps getting smaller. This afternoon, after lunch, I checked my position. Not counting the price drop, just counting the number of coins, I lost a few hundred coins in two days, resulting in a loss of $1,100. It scared me, so I quickly pulled out of the pool and ran away. In simple terms, if this model of THE doesn't change, I personally think the future is limited. If this platform's model doesn't change, it is only suitable for stablecoins as LP, which won't experience wild fluctuations and can provide stable interest.
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