Dear Hotpot fans，
Welcome to the 46th weekly report of the Hotpot Sets. We will continue to output the project’s operation and technology development progress for you, hoping to help you understand the Uniswap V3 platform in DeFi filed, and we wish providing you the first-hand market dynamics and better Defi investment decisions.
February 21, 2022 to February 27, 2022
As of last Friday, Hotpot’s Sets fee income on Ethereum reached $11,537. Sets fee income on Arbitrum has accumulated to $8,268, an increase of nearly 20 percent from last week. The Sets fee on Polygon has not yet reached a high value due to the short creation time of the sets.
Since the end of last year, the currency market has become negative, and the DeFi field has been directly affected. However, many users who invest in Hotpot are still confused by the question: “I deposited stablecoins, why will the income shrink with ETH?”
Because the USDT or USDC deposited by the user will be converted into a reliable transaction object, such as ETH, within the transaction path specified by the smart contract. Therefore, the essence of depositing stablecoins into Hotpot is to invest in a portfolio of crypto assets.
The trading pairs in the portfolio represent different liquidity pools. Part of its revenue comes from the handling fee brought by the Sets manager’s successful market making, and the other part comes from the rise in the corresponding currency price.
If the price of the currency falls more than the fee income, the account will lose money. Hotpot has always been a long-term optimist of ETH. Under the current environment, it is recommended that users who have invested should wait for the price of the currency to recover.
It is worth noting that the countdown to the “HOTPOT Hundred Days Rewards” event last week has started! Regardless of whether you deposit U or ETH, as long as the amount is ≥$1W and the deposit time is ≥3 months, you can get the corresponding HPT reward.
HPT has been listed on the Uniswap exchange, and this event will give away a limit of 100,000. As long as you make a deposit before 24:00 on February 28th, Beijing time, you can effectively participate in the event, hurry up and act!
As the leading Uniswap V3 professional market maker platform in the DeFi field, Hotpot is optimistic about the development of Ethereum and Uniswap DEX. In the unpredictable market, we are confident that we can help you capture more deterministic returns, and we hope that you will not be easily swayed by FMO sentiment.
“The hard winter is about to go away, and the bear will surely sleep!”
Daily maintenance and update of the Hotpot Sets platform.
Let the professionals handle professional issues.