Hotpot V3 47th Weekly Report

Hotpot Sets
3 min readMar 8, 2022


Dear Hotpot Fans,

Welcome to the 47th 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.

Content:February 28, 2022 to March 6, 2022

Data Section

Hotpot’s Sets fee income on different chains has increased compared to last week.

Sets fees on Ethereum accumulated to $12,870.56. Sets fees on Arbitrum accumulated to $10,006.84. The Sets fee income on Polygon is $82.09 (users have less deposits).

Figure 丨 Last Friday Hotpot Sets fee income data

The good news is that the ETH price has a slight upward trend last week, and the yields of all Hotpot Sets have rebounded. From a long-term perspective, the stabilization of ETH is predictable.

Operation section

At 16:00 UTC on February 28th, Hotpot’s 100-day HPT reward campaign has ended successfully. After that, users who make new deposits will no longer enjoy the event rewards.

The platform will distribute HPT rewards in batches at the time points of March, June, and September for the user addresses that meet the rewards during the event. In addition, the addresses of each batch of rewards will be announced to the Hotpot community to ensure openness and transparency.

As for whether the second phase of HPT reward activities will be carried out, it depends on the later development of the community and the platform, so stay tuned.

Last Friday, it took 4 weeks and the Hotpot technical team provided coding and testing support throughout the entire process. The exclusive analysis report “Loss in Moving Positon in Uniswap V3” written by CEO-Richard Du was officially released.

This article clearly expounds the concept of impermanence loss in Uniswap v2, and explains the difference between deterministic loss and impermanence loss in Uniswap v3.

This paper focuses on the analysis of the process and reasons of deterministic losses when LPs adjust their positions under the characteristics of Uniswap v3 focusing on liquidity. It also passed a professional regression test to compare the actual changes in the deterministic loss amount when LPs adjusted their positions according to the rules in two cases with or without fee income.

Figure 丨 Permanent Loss Without Fees

From the conclusion, we can know that each position adjustment will cause deterministic transaction losses to LPs, and the cumulative transaction losses will far exceed the fee income, causing serious losses to LPs.

Therefore, for LPs trying to provide liquidity in Uniswap V3, it is very necessary to read and understand this article deeply!

In the future, Hotpot will not only make more efforts for everyone in terms of revenue growth, but also share and exchange DeFi expertise with everyone through more different content forms, aiming to make every community user become wealth and talent!

Technology Section

Daily maintenance and update of the Hotpot Sets platform.

Let the professionals handle professional issues.

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