Continued from: Notes from the Discord discussion
I noticed this post yesterday. I’ve seen a quite few similar posts to this, and am (to some degree) in the same boat.
This morning I was looking at putting something in Pickle farming, but gave up. This is not the first time this has happened. Again, this is in no way a criticism of the Pickle site; it’s DeFi in general. Pickle is better than most.
Here the sort of thing I mean. On the Site we have this:
I get the basic idea of putting LP into a Pjar, receiving a “p” version of the token which I then put into a farm. At least that’s what I expect from knowing Yearn.
So let’s take a look at pJar 0.9a
The nomenclature suggests DAI/ETH is the LP pair, and UNI suggests that the pair belongs to the Uniswap AMM. My assumption is that I will get a “p” version of this when I deposit which I can then invest in the corresponding Farm.
Looking at the farms, the closest match I see is:
But I’m not confident enough to start buying LP and paying to put it in a pJar to test that this is correct.
I see the “p” which I expect, the UNI is still there, but where I the ETH, and what is V2?
Am I mistaken? Is this actually a UNI/DAI pair? If I go back to check the pJars, I don’t see one for UNI/DAI. Will I look like a fool if I ask in the Discord. Hmm, I’ll leave it for now. Oh someone on Twitter said I should have some LINK, let’s see what that’s about…
You get the idea.
There are other questions such as:
“is 3poolCRV the same the p3CRV in the Farm?”
“What is RenBTCCRV? Do I want to risk my Bitcoin in an LP pair with CRV?” – The link sends me to Curve, but there’s not much help there… it’s looks like an interface for making a RenBTC/WBTC pair. Is that for stabilising BTC variants in the same way as stable coins is done?
While it’s not Pickle’s responsibility to make Curve’s products easier to understand, it might be in Pickle’s interest to make sure anything used in Pickle investing is clearly explained somewhere.
Consistency of naming would help. It seems close to:
pAMM (Token or Token/Token pair) but it’s not quite consistent.
Perhaps a diagram with colours & key would help.
DAI + ETH > UNIDAI/ETH LP > PUNIDAI/ETH LP
Or something similar in a ELI5 flow chart: