2025-12-24 17:23:32

I recently analyzed the liquidity mining situation of these three coins. Honestly, the returns look good, but in reality, it's a trap.

The total rewards for the three coins add up to about 200 yuan, which sounds decent, but once you participate, you'll understand what a losing deal really means. I spent 4,000 yuan to farm, and ended up losing 15 yuan. What's going on? After carefully reviewing the ledger, I found that most of the loss was eaten up by transaction fees. Every trade had a positive spread, seemingly making money, but in fact, the fees squeezed tightly around it.

The liquidity scale of Arb equals the combined total of VSN and LAVA, which means higher difficulty to participate. For VSN alone, to reach the 8,200th spot on the leaderboard, you'd need to spend about 70,000 yuan. Calculating the trading fees (one buy and one sell), just the fees amount to 140,000 yuan, and at a rate of 0.15%, this alone costs about 210 USD.

Currently, the trading volume is only 200 million yuan, and by morning, it should reach around 400 million yuan, which means the costs will continue to rise.

My advice is: friends who haven't participated yet should observe and wait, don't rush into the trap. If you've already farmed up to 30,000 yuan, instead of frequent operations, it's better to maintain the current state and stop messing around.

ARB-0.84%

VSN2.32%

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PriceOracleFairy

· 3h ago

ngl the fee structure here is absolutely criminal... dude spent 4k to make what, negative returns? that's not liquidity mining that's a tax on hopium lmao

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GamefiGreenie

· 3h ago

Damn, it's the same old liquidity mining trick again. Fees are all gone, and so are the profits.

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GateUser-cff9c776

· 3h ago

Ah, the fees are killing everyone, perfectly illustrating the philosophy of a bear market. Wait, according to the supply and demand curve, this is basically a textbook example of reverse arbitrage. Put 4,000 bucks in and lose 15 bucks out—what a brilliant art form this is, really. If I had known earlier, I would have gone all-in on art pieces; at least I wouldn't be eaten up by the mechanism.

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StakoorNeverSleeps

· 3h ago

Damn, are the fees this high? It feels like liquidity mining has become a fee harvesting machine. --- 4,000 yuan in negative returns, who can handle that? It's really a trap. --- With only 200 million in trading volume, once it reaches 400 million, there's no way to play; costs will explode. --- People already in the trap are really uncomfortable; they can't go in or out. --- It's better to just hodl honestly; it's stronger than all this fuss. --- I took a look at the difficulty of VSN, and I really advise against it; it's not worth it at all. --- Fees are gone in a snap; only exchanges and market makers are making money. --- It's better to stay on the sidelines; don't be blinded by high returns, it's all an illusion.

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BuyHighSellLow

· 3h ago

Damn, the fees can really eat up all the profits, this is outrageous.

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DegenDreamer

· 3h ago

Damn, the fees are so outrageous, no wonder you're losing money. --- Another project that looks good but is actually full of traps, same old trick. --- 70,000 yuan is just the entry fee? This isn't mining, it's digging into your own wallet. --- I've already said that this liquidity mining is too deep, but some people still rush in. --- Losing 15 yuan on 4,000 is considered lucky; I know some who lost even more. --- The liquidity scale of VSN is really outrageous, the difficulty of participation is indeed maxed out. --- I've encountered fees eating up all profits before, and I rarely deal with this kind of thing now. --- If the trading volume doubles by morning, fees will rise again. This logic is no different from gambling. --- If you've already traded 30,000, please stop now. Preserving the principal is the most important. --- Looking at this data, I can tell it's a trap. Thanks to the senior for the real trading tutorial.

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MechanicalMartel

· 3h ago

Wow, the transaction fee is really incredible. Losing 15,000 yuan on 4,000 yuan is considered lucky.

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