Honestly, the fees on Momentum @MMTFinance are high...
But!
There is a way to buy on Momentum without worrying about fees or slippage.
You can understand it at a glance by looking at the picture.
??????
... I don't get it just by looking at the picture either, so let me explain it, haha.
Momentum has a liquidity pool system based on CLMM.
With CLMM, the person providing liquidity can set the price range,
allowing them to concentrate LP around the current price or distribute it appropriately, employing various strategies.
If you slightly modify this and provide liquidity only in the left range based on the current price,
it's like placing a limit order to buy the desired coin.
The image is an example of CLMM for SUI-USDC (Isn't the drawing amazing?)
If I want to buy $SUI,
I just need to set the range to the left of the current price ($USDC) and provide USDC liquidity.
If the current price drops, the USDC I provided will be swapped for SUI.
It's like expanding a limit order area on a CEX exchange, right?
The advantage of doing this is that there are no trading fees, and losses due to slippage are eliminated.
Do you roughly understand the principle of Momentum CLMM?
I blocked the watermark on the picture just in case someone might steal it, but it's legendary, haha.
Who would even steal this? Haha.
@buidlpad
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