Why would they do something so dumb?

Question

HEX.COM

Nenad [I won't dm you]

Why would they do something so dumb?

#cryptocurrency #english #hex-crypto

0

14.05.2024

4 ответов

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Nenad [I won't dm you] Автор вопроса

Ashamer
The point of our locker contracts is to keep lps l...

Ok, so it's a contract. But why would liquidity providers do something like this?

0

7 месяцев назад

Ashamer

Nenad [I won't dm you]
Ok, so it's a contract. But why would liquidity pr...

It is one of the ways to show your community the commitment to the project and that the liquidity pool that they are investing in is secure. The locks are reflected by many platforms like dextools or dexscreener, which also helps a potential investor to put their trust into the project.

0

7 месяцев назад

Nenad [I won't dm you] Автор вопроса

Ashamer
It is one of the ways to show your community the c...

But what is it in it for the liquidity providers to lock their positions. Why would I as a liquidity provider lock my LP tokens?

0

7 месяцев назад

Ashamer · Accepted Answer

The point of our locker contracts is to keep lps locked for a certain period of time with noone having access to them (our services are decentralised so we do not have that either), which prevents LP providers from rugging a project by draining the pool. Also, our contracts are renounced and fully audited, the audits are public so we have nothing to hide. That is way better practice than burning lps for long term projects, since you always have access to your liquidity after lock period ends in case you need to lets say withdraw a part of it for marketing or any other reason. Also, trading fees are accessible that way.

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Why would they do something so dumb?

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