The Best Investment Strategy for Your UNI Tokens
If you have been a Uniswap user before September 1, 2020, then you must have received at least the equivalent of 1200 USD in UNI tokens.
Uniswap since its inception has been quite an ambitious project in achieving decentralization. Fully supporting the Blockchain philosophy and democratizing access to financial freedom, its team led by Hayden Adams, has decided to grant 1200 USD in UNI tokens to all users of the protocol regardless of their origin, economic status, or how much money they have deposited in the protocol.
What to do with those 1200 USD in UNI tokens?
Most of the users had the knee-jerk reaction to sell those tokens for profit. But if you are one of the benefited users and you still have your UNI tokens, you should think that currently Uniswap is one of the strongest and 100% decentralized projects.
Let's reflect on the case "Yearn.finance"
Although this token (YFI) is currently experiencing a steep decline, it still remains well above the 4000 USD that it was worth at the beginning of August this year.
Those users who sold those tokens, surely feel very depressed thinking about the profits they were able to obtain.
We must take into account that Uniswap generates many more fees than FYI, more fees than Bitcoin, and the volume of exchange is even greater than that of Coinbase.
So what would be the best decision about what to do with those UNI tokens?
Obviously, it would be to keep them within the Uniswap protocol.
A smart strategy would be to sell at least 50% of these tokens to get Ether and place them in the Liquidity Pool on Uniswap.
Remember that by providing liquidity in Uniswap, 0.3% of the fees of each trade goes to those who finance the Pool.
Let us remember this maxim that says:
"You have to be greedy when others are fearful and fearful when others have their eyes injected with greed."
Disclaimer:
I am not a financial advisor. These are just my personal thoughts and opinions.
@juanmolina
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Good article, that's an interesting sum of money $1200, I understand why people sell them in order to guarantee the money is a reaction to protect what they earned.
Hello @juanmolina
It is impressive how some people have been able to make money with DeFi, of course, the greatest benefit is for those who invest the most, but nevertheless, receiving 400 tokens was surely a blessing for many.
I agree, keeping tokens is a good strategy, and not selling everything you might have earned.
In part I assume that was the reason for the recent drop in the price of major tokens.
These are not financial recommendations but they make a lot of logical sense Brother Juan.