New pool on Uniswap

As part of my experimentation with DeFi and liquidity pools this week, I opened a new position. This time, it's on Uniswap. For this, I chose a very special pair: WETH vs. cbBTC. WETH is a wrapped Ether token that represents the value of the underlying asset. cbBTC is also a wrapped token, but in this case, it represents the value of Bitcoin.

I chose these two tokens because, in my opinion, they are bullish in the long term, so if they move out of range, I can hold a token I like.

Screenshot

I've only been doing this for a few days, and the profits are low for liquidity pools, but these tokens are very liquid, and the chosen range is quite wide. In any case, based on my limited experience, the rewards come in jumps, not linearly. I mean, you can go days with meager profits, and then suddenly volatility spikes, causing a considerable increase in rewards.

One thing I really like about Uniswap is that I can collect profits without affecting my initial investment. This makes evaluating returns much easier.