My DLMM Journey ~ Vol. 3
This STONK/USDC DLMM position is starting to become one of my favorite LP plays
I opened this position on
@MeteoraAG 10 days ago and so far it has done exactly what I wanted it to do
Around $211 in active liquidity
+$48 PnL
$33 in claimable fees
And another $65 already claimed
But the part I like most isn't actually the PnL
My conviction in
$STONK has only grown while holding this position
The latest on-chain dashboard data I could verify showed roughly $13M in platform revenue, $7.7M used for buybacks and burns and around 15% of the total
$STONK supply burned
That is the part that keeps me interested
The price has moved hard, but there is also actual activity underneath it generating revenue and continuously taking supply out of circulation
For now I'm not touching the position
The range is still active, fees keep coming in and the thesis hasn't changed