JINQIAN hype event review, Uniswap's formation of LP strategy poses risks
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On September 2nd, Robinhood's on chain JINQIAN/FAMI forced short narrative was denied by the parties involved, and the on chain hype ended. During the period when JINQIAN's market value increased from $7 million to $60 million, the peak APR of JINQIAN/ETH trading pairs on Uniswap reached 83832%, currently at 79708%. The trading rate for JINQIAN/USDG is set at 6%, with an annualized APR of 126440%. Traders earn fees by forming a unilateral liquidity pool and sell JINQIAN, with a higher return to risk ratio than simply holding tokens. The number of scams on the chain is increasing, and forming popular meme currency LPs cannot avoid the risk of token price fluctuations.