9h ago
$SCA has the thickest on-chain LP among all lending DEXes on Sui
Many people might not have paid much attention to it, but having a high amount of liquid assets in the LP pair makes your asset more stable and primed to not get hit with sudden dumps.
Liquid Assets in LP of Lending protocol tokens =
▫️ $SCA = 660k USDC & 235k Sui in LP (total = $1.2M+)
▫️ $SEND = 170k USDC & 20k Sui (total = $220k+)
▫️ $NAVX = 130k Sui (total = $325k+)
Ratio of Liquid Assets in on-chain LP : Mcap
▫️ $SCA = 12.9%
▫️ $SEND = 1.125%
▫️ $NAVX = 1.16%
Why is it important?
=> More liquid assets in LP make the token more stable and less affected by manipulation. In simpler words, liquid assets in LP represent how much a token can bear sell pressure i.e., bigger LP = can face big sell pressure with ease and little dump.
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