Guide to Understanding NINJA-POOLS
Before you read this guide, ask yourself, do you trust the team fully and are you capable of following simple instructions?
If the answer to this question is yes, stop reading, put tokens into the pool, stop asking questions, wait for the team to give instructions in the future, and have fun being a ninja.
You can find all the NINJA pools and our recommendations in the discord channel "ninja-links" or go directly to Meteora and search for "NINJA"
If you said no to this question, continue reading the guide below.
There are two kinds of $NINJA pools that we have created for you guys to participate in.
One is with stable tokens such as $SOL and $USDC with low fees of 1%, these pools will experience more volume and be relatively stable in variance.
In the case of $NINJA/$SOL, when $SOL goes up, you will have a higher weight of $NINJA tokens in your pool position, and when $SOL goes down, you will have a larger weight of $SOL tokens. Over a long enough timeframe of months or even years, you will earn both more $SOL and $NINJA with your pool position naturally over time.
In the case of $NINJA/$USDC, when $NINJA goes up, you will have a higher weight of $USDC tokens and vice versa, but unlike the $NINJA/$SOL pairing, your pool position will remain relatively stable at all times as the value of $USDC cannot change. This means that you will experience less downside risk as well as get less upside performance.
While the above two pools are safer in volatility, the best opportunities lie in the exotic pools. Exotic pools are pools with two volatile tokens paired with one another, all exotic pools we recommend are tokens paired with $NINJA and $NINJA denominated.
Unlike the $NINJA/$SOL and $NINJA/$USDC pools, these pools are denominated in $NINJA and have a trading fee tax of 4%. This means that anytime someone uses this pool's liquidity to swap between $NINJA and, for example, $FIDA, they will pay a 4% fee to the pool.
Here's an example:
A user wants to trade 100 $FIDA for $100 $NINJA. When they swap through the $FIDA-$NINJA pool, they will pay 4 $FIDA to the pool and only receive 96 $NINJA back. Everyone that has provided liquidity to this pool will automatically earn their percentage of the 4 $FIDA based on their weight in the pool.
When $FIDA goes up in price, the pool will be heavier in $NINJA as people will come to trade $NINJA for $FIDA and pay 4% fees in $NINJA while doing so. When $FIDA goes down in price, people will come to sell $FIDA for $NINJA, paying 4% fees in $FIDA. Over time, the pool will earn fees on both sides and rebalance itself automatically while compounding the fees. In this format, it doesn't matter whether prices go up or down, and ideally, you want prices to be choppy as you will continue to accumulate more tokens on both sides. Eventually, when both tokens appreciate in value, you will gain that growth as well as all the fees it has generated since. The only risk to a system like this is the value of the tokens on either side going to ZERO.
This is the pool strategy that we recommend for $NINJA holders as the tokens we have paired $NINJA with are tokens we are very confident in and have done extensive due diligence on.
When the time comes to eventually rebalance and rotate out of these pools, we will give you guys the notification as the protocol itself will also remove its liquidity from the pools.
Our recommendation is to do absolutely nothing, think about nothing, and simply follow our recommendations for the best performance in these pools we have selected for you.
Alternatively, for those of you who wish to pair your $NINJA tokens with other tokens that you are holding, you can search for those pools on the Meteora pools page (search for NINJA).
If the pool doesn't exist, you can request for us to create one or simply create it yourself by following these simple steps. Put the token you wish to pair $NINJA with in token A, put $NINJA token as token B, select 4% fees, and then hit create.
We don't recommend monitoring your pool holdings closely, as short-term variance is less significant. You want the tokens' values to fluctuate to generate more fees.
However, if you wish to track your pool holdings, here are two recommended sites:
https://sonar.watch/
https://app.step.finance/
These sites provide comprehensive tracking tools to keep an eye on your investments.
