Why I provided liquidity for moons and you should too. (TL;DR: because we are in it for the tech)

We are all here for the tech and the friends we make along the way however how many of us are actually using the tech in a meaningful way?

I decided I should dip my toe into defi. u/gabester made this excellent guide to providing liquidity to the moon/Eth pool on sushiswap which I followed.

https://np.reddit.com/r/CryptoCurrency/comments/1140y3e/the_complete_and_extensive_guide_for_getting_your/

I will just add you can get some Eth into you wallet for the initial swap fee using https://novafaucet.com/ which will give you a little Eth (<1cent) for free however Nova is so cheap this will last you a while but it's worth trading an extra moon for Eth so you have plenty for fees.

I imported my wallet into metamask, traded 200 moons for Eth and then sent another 200 moons and the Eth to the Sushi pool. It's pretty easy. Probably best you don't use more than 25% of your total moons as this will give you less moons in the future.

So why did I do it? To make money? No, I think I will make more staying in moons; however I am learning about APRs and impermanent loss every time I connect my wallet to check how things are going. You don't need to put a massive amount in to play around and see how these things work.

I am slightly disappointed with Sushi and their lack of geeky statistics provided. A large percentage of their client base are going to have geek tendencies and they should cater to this; there are not even scales on the graphs and no easy way to see all the trades in the pool and how it affects you moons/Eth. You can look at trades on the block explorer but it is far from intuitive and seems to require further work to determine what exactly goes on, https://ccmoons.com/ seems better but you can only filter for exchanges rather than just Sushi (I also wish they would explain the symbols somewhere).

Anyway the moral of this story is if you have a few hundred moons or more fire up a hot wallet, try out some defi and actually start using the blockchain for something other than hodling.