thank you from maryann in kenya 💗 + this LP strategy made me $918 in ~48 hrs (try it!)
Hey Friends -
So Maryann in Kenya, and her then 3-year old daughter Shanell were in danger of losing their home when they reached out to the Seeds community for help over 5 years ago.
This is them!
We were able to send them a few small gifts. The largest was for $380. Those of you who were givers back then may remember that she sent us a sweet thank you note.
She said, "My child Shanell and I were on the verge of homelessness, but thanks to Seeds tokens and the generosity of the Seeds community, we received the funds we needed to stay in our home. I don't know what we would have done without them."
Now, just very recently, Maryann made her own gift through Seeds - to help out Kimberly in Puerto Rico.
It makes me really happy when our circle of giving through Seeds crosses the globe like this! Our product ecosystem needs to do a much better job of communicating that this happens often - and we're working on it, but still need more support! If you're a kind, brilliant developer interested in elevating the Seeds product (language agnostic) so it can help more folks at scale, please reply here, or reach out to jobs@seedsgives.com to share why Seeds resonates with you, and we'll go from there!
Folks who have received help go on to help others. A rising tide lifts all boats!
As most of y'all know, an integral part of the design of the Seeds ecosystem is to empower giving, generous folks to build wealth because you give - so that you have more resourcing to do what you're already doing, which is improving this world! This is why folks who help others through Seeds receive SEEDS in thanks.
It's also why we offer a reward each month to folks who LP, and Gemma is our winner for July. Gemma was kind enough to take a little time to help the SEEDS mutual aid pool grow, winning a reward of $518.58 USD in SEEDS, at market price at that time.
Because SEEDS have gone up in value since then, Gemma's reward is now worth $637.98.
Not sure about how to LP?
I'm going to go live tomorrow to talk through my current overall trading strategy, including more advanced LPing. I shared my plan in our Discord, and it involves buying as much ETH as I can as cheaply as I can in the wake of April's Bitcoin Halving (which happens roughly every 4 years and has historically been a powerful market catalyst for the entire cryptocurrency sector), and the recent start of trade of several ETH ETFs, or Exchange Traded Funds, in the United States, which is unprecedented.
Come check it out! You can get notified about the live before it begins below.
To illustrate the power of LPing, these screenshots show fees I've earned in a little over the past 48 hours (for real). I was able to do this even though the market wasn't really moving that much.
First up - this is a prime example of a major flaw in the legacy economic system that I've tried to start talking more about - the notion that it takes money to make money, and so when we don't have access to that, we can be left in a panic, or else forced to work a job that we hate to survive.
Unlike any other cryptocurrency project I know about, Seeds uses blockchain tech to improve upon this, in that you can redeem a single SEED to ask for any amount in USD that you may need. You can totally do this to receive funds to invest. Multiple people have done so in the past.
**
Okay so back to LP strategy: This is a much larger position than I typically take. I moved funds from another asset to do this because I believe this is such an opportune time, for the reasons touched on above.
Getting these results through LPing is more hands-on (it's not a set-it-and-forget-it approach), and will probably require removing and recalibrating a position every couple days or so if/when it goes out of range, which I'll talk about in depth in tomorrow's live.
Toward the top, in green, you can see that it says 'In range,' which means it's generating fees as people use my liquidity to execute trades - though due to the nature of decentralized platforms like Uniswap, I can earn this while simultaneously retaining full custody of my money at all times, unlike at a bank. The added security, combined with the enormous profit potential, is not something that, to my knowledge, can be found in the old financial world.
Because as you can see, this is a more than 1% return in just over 2 days, which is more insane than anything else out there that I'm aware of, and I can receive this while holding onto my cryptocurrency, and garnering benefits if/when it goes up in value too.
Annualized, a sustained performance at this level will triple my money in earned fees in one year, even BEFORE whatever benefit may come from cryptocurrency prices going up, which, given the conditions described, I'm convinced is also likely to be substantial.
The reason for this is again because the 4th Bitcoin Halving happened less than 4 months ago, and because of the new Ether ETF in the U.S. Based on my experience, I feel that these indicators that the overall cryptocurrency market is heading up are exceedingly strong. On top of that, we can likely expect a rate cut (finally) in the U.S. perhaps as soon as next month. Traditional macroeconomic influences like rate cuts didn't used to impact the cryptocurrency markets back in the day (say pre-2020) when it was less mainstream, but today they seem to have an effect.
Folks who have taken our course, How to Build Abundance in Cryptocurrency (which is effectively free because it includes SEEDS ) in 2021 or before may recall me doing similar experiments right after Uniswap V3 dropped in the middle of that year. I was able to figure out ways to see strong profits, but the problem at that time was that gas fees (aka blockchain transaction costs) were NUTS and severely cut into gains, especially given that you often have to remove a position and add it back in a new range, paying gas fees both times, when you've chosen a span this narrow (more on that below). You also often had to make a couple of swaps to get the right ratio of WBTC to ETH, which cost money too, and requires a bit of math.
I'm ecstatic to report gas fees are so much better that as of this writing, this is no longer an issue - so profits can be MUCH higher. Gas fees will increase as the market starts to heat up, but the Ethereum network has done enough to improve technologically since 2021 that I don't anticipate it being anywhere near the problem it was before.
To break down the strategy in a little more detail:
I went with the WBTC (or 'Wrapped Bitcoin') and ETH pool on Uniswap because it's typically the highest paying, due to strong trade volume and a relatively “high” fee tier of 0.3% (which you can also see specified in the screenshots above).
I chose to create a position in a narrow range, because doing so allows me to leverage my capital more aggressively. I run the risk of the position going 'out of range' much more readily (which would again mean I'm no longer earning fees), but when done properly, it's worth it, because this tactic can garner rewards that could require 10x or more the amount of capital if opting for a wider spectrum.
You can see the minimum and maximum prices below, in ETH per WBTC. You can also see that, if the position does go out of range, you'll wind up with 100% of one cryptocurrency in the pair or the other.
When I created the position, I chose to skew it a little low, leaving more room on the downside, because ETH's market price had just come down so much that I anticipated a retracement that would outpace Bitcoin's upward movement - and if I was right, that would mean the ETH per WBTC price would go down.
If that seems confusing, no worries - I'll also explain this in more detail in tomorrow's live.
Finally, another reason I chose this pair is because Bitcoin and Ether have historically tended to be pretty correlated in their price movements, which means the pair can tend to stay in a narrow range longer - earning more in fees.
I totally get that that may seem like a lot, but I've had fun figuring out how to do this, and I want nice people benefiting.
If that's you and you could use some more guidance, the live tomorrow can totally help.
And as ever, if you're seeking new kinds of economic systems to help transcend the failings in the old, zero-sum model, you can be a part of that today.
To abundance, for all of us!
Warmly,
Rachel