#cryptocurrency pop-answer to "Was 5 LP KUJI-ATOM tokens a good trade for 20 $ATOM?"
- How much is 5 LP KUJI-ATOM tokens? Let's ask BOW.
How do we ask BOW? We enter 'LP to withdraw,' and, even if you don't have any, it still computes the $KUJI and $ATOM returned.
In this case: 21.9 $KUJI ($17) and 1.2 $ATOM ($17) or $34 in total.
- $ATOM. How much is 20 $ATOM worth? Let's ask FIN.
FIN says, at market price, 20 $ATOM is worth 281 $USK or 290 $axlUSDC.
So, I made almost 10x in that one trade, or ~ $255 profit, ...
but there's another way to look at this...
Net Profit in $ATOM
The other way is this:
I'm not going to sell $ATOM to take profit. I'm keeping the $ATOM. So, given than: how much $ATOM did I net?
I created the 5 LP KUJI-ATOM tokens from 1.2 $ATOM and 21 $KUJI, or, one-sided: 2.4 $ATOM, and sold that for 20 $ATOM.
I made 17.5 $ATOM
Net.
🧙
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