👨Managing Your Pool
NOTE: Token Migrations for Assets in the pool need to be handled on a case by case basis. Notify the Yield Magnet Team if you hold an asset that will experience a migration.
Managmenet Tools
Manage Assets
Here are some key features to help you manage your assets effectively:
USD Balance: This function provides asset managers with a breakdown of the USD values of positions. It's particularly valuable when you need to compare positions with metrics such as liquidity, trading volume, or other parameters that are often denominated in USD for pairs.
Token Picker: The token allows for asset managers to select from an existing list of tokens. With that said asset managers can paste the contract address for any ERC20 token with a Uniswap V2 LP and trade.
Auto Balancing: The auto-balancing feature simplifies the process of dynamically adjusting multiple positions. Whether you're increasing or decreasing a position's size, asset managers can select which assets the changes will balance with, enabling swift and efficient management of multiple assets in the pool.
Allocation Meter: The allocation meter offers asset managers a clear view of whether they have over- or under-allocated funds in their selections. This eliminates the need for manual calculations and allows managers to promptly distribute the difference among assets of their choice using the "Balance Assets" button.
These tools enhance your ability to make well-informed decisions and maintain precise control over your asset allocations, ultimately contributing to the overall performance of your pool.
Manage Members
The Manage Members page is where you process the orders made by users for your pool. Each order you process will provide you with a processing fee, which will be paid to you in addition to any pool fees.
The upper panel of the Members page displays all the orders available for you to process. Each order is listed in a row, accompanied by vital information about that order. It's important to understand each column, as they provide all the information you need about the orders you'll be handling. These columns include:
Order Value: This indicates the pool token or ETH value of an order.
User: The user who initiated the order.
Your Fee: This is the pool fee in ETH that you will receive from this order.
Some orders will be invalid and cannot be fulfilled due to reasons like insufficient token approval or ownership. Invalid orders will display a pool fee of 0.0000 ETH in the order list.
The lower panel on the order page allows you to configure slippages for each token swap and provides essential information about the tokens involved. The 'Maximum Balance During Transaction' indicates the highest amount of tokens your pool will hold during the transaction, which is particularly relevant for tokens with maximum wallet or transaction sizes. Pools are subject to these maximums, and exceeding them will result in transaction failure.
'Min Balance After Transaction' reflects the minimum expected token amount in your pool after the transaction. The percentage displayed next to each token represents the slippage value, indicating the percentage of value you are willing to accept as a loss in a swap, similar to a DEX like Uniswap.
As a pool manager, it's crucial to be mindful of the price impact, also referred to as volume impact. This value represents the loss incurred due to price fluctuations during your swap. Before operating your pool, make sure you understand how price impact works and its implications.
Collecting Fees Fees earned from managing your pool are directly sent to your wallet, either in ETH or WETH. Fees from processed orders are paid out in ETH, while instant withdrawal fees are paid out in WETH.
Tips and Tricks
Tips on Managing Your Pool
The way you manage your pool is entirely at your discretion. We encourage pool owners to link some social media to their pool page for building a community and providing important updates. The linked social media could be a Telegram group chat or channel, a Twitter page, a website, or any combination of these platforms.
Consider the liquidity of assets you are trading and set max pending deposits and max deposits per investors to control the distribution and size of your pool.
Tips for Handling Gas
One important aspect to consider is the gas cost of approving deposits and withdrawals within the pools, as well as the gas involved in swapping the deposits into the existing holdings. Here are a few ways you can mitigate the impact of gas.
Process order transactions in batches.
Set a Minimum Deposit amount to ensure that you are earning sufficient fees per user you transact.
If you are actively trading in and out of positions, time your member order transaction approvals when you have a higher balance in WETH.
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