4 ms·

I want to assess this situation by facts and not by sentiments for or against TechLead. Could someone please help me understand some facts: - The reddit post o

I want to assess this situation by facts and not by sentiments for or against TechLead. Could someone please help me understand some facts: - The reddit post only provides an etherscan link to the transaction in which he adds liquidity. Where did he remove liquidity? - Permanent removal of liquidity clearly breaks the promise of 1MM for at least 1 USDC. But a temporary removal does not, correct? - As long as more people want to buy MM, a temporary removal of liquidity leads to a shortage of MM thereby driving price quicker. - I flat out don't understand the "selling without selling" part. It appears to me so far neither "MM will go to the moon" nor "1MM for 1USDC is guaranteed" appear to be false statements. Let's not call him a fraudster just yet.

yoz-y 5y ago
How can one just remove liquidity? Why is that even technically possible?
- deleted 5y ago
  [deleted]
- pengwing 5y ago
  Anybody can provide liquidity to a uniswap liquidity pool and withdraw it at any time (ofc you will stop earning rewards). In uniswap v2 an LP is tied to a token pair. Here: (MM, USDC). In v3 there are some additional pricing range factors.
thinkloop 5y ago
> I flat out don't understand the "selling without selling" part. He HODLS 1M in his wallet in solidarity with the community to show he is not selling, but simultaneously secretly sells inflation to profit the same - is what the author is claiming.
- andi999 5y ago
  If he wouldn't sell how could anybody buy? (or maybe I do not understand this coin) (I assume he owned all initial coins, or didnt he?)
- pengwing 5y ago
  I don't understand. First, naturally he is selling (and also buying) in the sense that he participates in a MM-USCD liquidity pool. Second, inflation of the token price happens due to social media hype and has no relation to him selling. Third, of course the whole project is profitable for him - cannot see anything wrong with that.

yoz-y 5y ago

How can one just remove liquidity? Why is that even technically possible?

deleted 5y ago
[deleted]
pengwing 5y ago
Anybody can provide liquidity to a uniswap liquidity pool and withdraw it at any time (ofc you will stop earning rewards). In uniswap v2 an LP is tied to a token pair. Here: (MM, USDC). In v3 there are some additional pricing range factors.

thinkloop 5y ago

> I flat out don't understand the "selling without selling" part. He HODLS 1M in his wallet in solidarity with the community to show he is not selling, but simultaneously secretly sells inflation to profit the same - is what the author is claiming.

andi999 5y ago
If he wouldn't sell how could anybody buy? (or maybe I do not understand this coin) (I assume he owned all initial coins, or didnt he?)
pengwing 5y ago
I don't understand. First, naturally he is selling (and also buying) in the sense that he participates in a MM-USCD liquidity pool. Second, inflation of the token price happens due to social media hype and has no relation to him selling. Third, of course the whole project is profitable for him - cannot see anything wrong with that.