We're launching four new Smart Money NFT segments, and a new and improved Smart LP label to help you find more of that sweet alpha!
Hello there Nansen Explorers,
Today, we're excited to announce several updates to Smart Money! With these new updates, we aim to help you find more alpha across the board, but particularly with the NFT and liquidity provision space. See what we've got in store for you below!
Smart LP works by evaluating the profits made from an address providing liquidity on Uniswap and SushiSwap. In the metric, we also include profits made from yield farming UNI tokens and SUSHI tokens, gained by staking LP tokens. We currently only consider liquidated LP positions.
Today, we're releasing a couple of improvements to our Smart LP logic:
These updates will be visible through the new "Smarter LP" label available from today. To summarize the differences:
Our current "Smart LP" addresses have proven to be a good predictor of alpha, and as such we don't want to depreciate these addresses from our set of Smart Money as of now.
We've got several new and exciting Smart Money segments in the works that will "eat" into the current set of Smart LP addresses, giving them new and more precise labels in the future.
Furthermore, we're happy to announce that we're introducing four new Smart Money segments related to NFTs.
The NFT Smart Money dashboard is now available for all Nansen users!
For example, here you can see there are 21 Smart NFT Hodlers and 14 Smart NFT Traders for CryptoPunks.
For example, here you can see there are 1 Smart NFT Early Adopter, 6 Smart Hodlers, and 3 Smart Traders for Wolf Game.
Lastly, we've decided to remove Whales from Smart Money. The reason is that as we've been increasing our number of Smart Money addresses and segments, we see that whales don't necessarily earn similar returns as our other segments.
We've got more exciting updates to Smart Money coming soon, so make sure to follow us on Twitter to get all of our latest updates!
For an overview of the common labels and emojis in Nansen, please check out this page.