TRUMP(特朗普币)芝麻开门交易所

A netizen on Uniswap mistakenly sold 127000 US dollars of LP pr

Date:2024-05-14 20:00:38 Channel:Trade Read:

In the world of cryptocurrency, there are endless possibilities and surprises. Just recently, a sensational transaction occurred on Uniswap. An unfortunate netizen mistakenly sold LP-proof NFT worth up to $127,000, while the lucky buyer made an astonishing 30 times profit. This story not only drew attention to the cryptocurrency market, but also sparked heated discussions about the coexistence of risks and opportunities.

Uniswap, as a gem in the DeFi world, attracts cryptocurrency enthusiasts around the world. LP Proof NFT, as a unique digital asset on Uniswap, represents the user's contribution and income in liquidity mining. The value of US$127,000 bears the hard work and investment of netizens. However, a dramatic turn of fate came to this netizen inadvertently, quietly kicking off a storm caused by mis-selling.

Behind this mis-selling incident is the netizen's temporary negligence in the trading operation, and it is also the cruel reality of the volatility of the cryptocurrency market. In the crypto world, anything is possible and there are risks and opportunities. Netizens may not be the only victims. Their stories have aroused more people's attention to digital asset security and risk management. In this ever-changing market, care and prudence are particularly important.

The buyer's huge profit of 30 times allowed people to see the miracle in the encryption world. This lucky buyer, perhaps out of chance, or perhaps relying on his extraordinary insight, finally obtained an unexpected gain. Stories like this fill people with awe and curiosity about the unpredictability of the crypto market. In the ocean of digital assets, every transaction may be an adventure or an unexpected surprise.

The impact of this mis-selling incident goes far beyond the gains and losses of one transaction. It triggered people to think deeply about the rules and risks of the encryption market. How to ensure the security of digital assets? How to stay calm during market fluctuations? These questions have become topics that every participant needs to think about. The crypto world is both a palace of opportunities and a test of risks. Only by paying equal attention to prudence and wisdom can we remain invincible in this world.

For this netizen and buyer, this mis-selling incident may be just an episode in the encryption world, but it is a profound lesson for the entire market. We should cherish every trading opportunity and remember that risks are always with us. The crypto world is not only a paradise for digital assets, but also a test for investors. Only by continuous learning and growth can we remain invincible in this highly competitive market.

In the end, this mis-selling incident on Uniswap not only made people see the infinite possibilities of the digital asset market, but also alerted people to the importance of risk management. In this magnificent crypto world, every transaction carries infinite possibilities and hidden risks. Only by paying equal attention to prudence, wisdom and courage can we write our own legend on the stage of this digital age. The encrypted world is waiting for every brave person to challenge and explore.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


According to the information on the chain, a netizen used SUSNI- on Uniswap on the 7th of this month.
WETH has assembled liquidity equivalent to approximately US$127,000 and received a new version of Uniswap LP tokens issued in the form of NFT. But whether it was an accident or intentional, the netizen actually put the NFT representing the LP certificate up for auction, and finally bought it at a cheaper price.

Uniswap is the largest AMM (automated market maker) protocol on Ethereum, a decentralized exchange (DEX). On the 6th, Uniswap completed the much-anticipated v3 upgrade, introducing new features such as centralized liquidity and multi-level handling rates.

In order to cooperate with the introduction of the centralized liquidity function, Uniswap has also changed the LP tokens originally created with the ERC-20 protocol into NFTs created with the ERC-721 protocol. In this way, the NFT can not only be used as LP proof, but also represent different price ranges, maximizing LP's capital efficiency.

However, it seems that some overly impatient users have casually conducted transactions before fully understanding the functions of Uniswap v3. In the end, he also paid a heavy price.

Jump off building auction

According to the data on the chain, address 0x15DBA was deposited into SUNI- on the day after Uniswap v3 was released last Friday (7)
WETH constitutes a liquidity equivalent to approximately US$127,000, and the address has therefore received a new version of NFT tokens representing LP certification on Uniswap.

Unexpectedly, the address 0x15DBA actually changed hands and put the NFT up for auction on the trading platform Rarible. The starting price was only 1 Ethereum (ETH), and it was immediately marked away by a quick-eyed buyer. In other words, the buyer converted US$3,900 into US$127,000 in one transaction, earning more than 30 times the profit.

This unexpected incident was first revealed by Twitter user @Juan_Snow1.

After further investigation, we learned that after bidding away the NFT, the buyer immediately withdrew the liquidity representing the LP on Uniswap, in exchange for approximately 495,000 SUNI and 18.15 WETH. Moreover, he immediately sold SUNI, which was not very well-known, into ETH.

After a series of operations, the buyer made a net profit of approximately 33.27 ETH, which is worth a total of US$136,000 based on the current price of approximately US$4,110.

In the comments below the post, many netizens are still asking about the differences between Uniswap’s new version of NFT tokens and the old version of LP tokens. Some netizens even suggested that the whole incident might be a premeditated money laundering act.

Regardless of the truth, this brings a warning to Uniswap users, which may prevent similar incidents from happening in the future.

I'll answer.

2512

Ask

965K+

reading

0

Answer

3H+

Upvote

2H+

Downvote