What Makes a Good Coin to DLMM
There are two words and two words only which describe a good coin to DLMM. Volume and Volatility. You need to ingrain this into your head if you want to generate a stupid amount of fees. Some useful benchmarks can be fluctuations which price rising and falling over 5% in 1-minute candles and 50% price changes looking at an hour / multiple hours timeframe. But if we are to take this a step further, ideal candidates show stable, sideways trading with potential for future growth so we can avoid that pesky impermanent loss too.
Established coins like “Mumu”, “fwog” or promising options such as “SCF” often generate steady fees in a controlled range, making them suitable for DLMM strategies. There are many such examples and I can’t define in this post exactly which coins you think will be stable. These generate around 1-5% a day but have much lower risk due to stronger fundamental factors behind them. I imagine you are not here to learn about these though but more so the fresh, new coins which pop up on the day.
How to Find Daily High-Fee Coins
Tracking high-fee coins daily is essential for successful LPing. Dexscreener is a powerful tool to monitor top volume coins, and it can help you quickly compile a watchlist of active options. Additional steps, like checking each coin’s social media engagement and wallet distributions, are recommended to avoid high-risk or low-quality coins that could disrupt your profits.
From here I first recommend checking the dexscreener top 10 and 50 coins on the 1 hour time scale and having a quick scan. Add the good ones to your list and make sure they are not rugs by doing some of the checks above. A more advanced tactic and something I occasionally do is to search on dexsceener based on a few filters having a minimum volume filter of over $50k, and a max market cap of under $5m, and over 500 transactions. This is of course very rough and it heavily depends on the market conditions as well but you can play around and figure out what works for you to find good coins to DLMM.
Using Discord Bots to Track Pools
Discord bots are invaluable for staying updated on trending pools with strong fee potential. With the right commands, these bots can provide lists of degen pools, volatile, high-activity options on the radar of many LPs. This keeps you ahead of new opportunities in real time, ensuring you’re always in touch with the latest profitable pools. One such tool is metlex.io and I have a full video guide on my youtube about it.
How to Identify Early-Stage Pools
If you’re aiming for early entry on promising pools, additional filters can help you locate newer options in their infancy. Early-stage pools can generate significant initial fees, though they come with higher risks. Use volume and transaction metrics as a safeguard when entering, and prepare to exit if instability arises. The best way to find these is my discord or telegram server combined with looking at the recently graduated section on bullx.
