# Multiday Cook Up (MCU)

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Disclaimer: Not Financial Advice (NFA) and Do Your Own Research (DYOR).  This page is a “living & breathing” document that will constantly be updated based on new findings & learnings of MCU experiments. MCU is an advanced liquidity providing strategy for advanced LPers
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## What is Multiday Cook Up (MCU)?

* MCU is an automated LP strategy for bullish medium-long term conviction on a token. The goal is to benefit from both price growth and fee generation by LPing in a tight-range, with autocompound, and directional autorebalance (up only)
* Assuming you have medium-long term conviction on the token, MCU mitigates impermanent losses (IL) from downwards rebalances and unnecessary rebalance swaps on temporary price dips

<figure><img src="https://2398566195-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MkAAAkwc4rfI_zJDpZh%2Fuploads%2FZQUPzExlVJCiw8dVOZj3%2Fimage.png?alt=media&#x26;token=b97e49e0-8d93-4197-8136-499e5089fcda" alt=""><figcaption></figcaption></figure>

## DEX selection

* Typically Orca CLMM generates the highest yield for mature tokens >$100M MC. But MCU works for all DEXes: Meteora, Orca, and Raydium

## Token & Pool selection

* Find a token you have bullish medium-long term conviction on, and screen HawkFi’s LP Terminal to find token pools with the highest daily yield
* Small differences in daily yield could lead to significant outperformance over time especially with compounded growth

<table><thead><tr><th width="183.25">Token Price Trend</th><th>Goal of MCU</th></tr></thead><tbody><tr><td>⬆️ Upwards</td><td>Be net positive from token price growth and concentrated fee-generation</td></tr><tr><td>↔️ Sideways</td><td>Be net positive from concentrated fee-generation</td></tr><tr><td>⬇️ Downwards</td><td>Assuming you have medium-long term conviction on the token, MCU mitigates impermanent losses (IL) from downwards rebalances and unnecessary rebalance swaps on temporary price dips</td></tr></tbody></table>

## LP Duration & Take Profit Strategy

* Typically few weeks or few months, depending on your long-term conviction in token price growth, and consistent high volumes
* Given your long-term conviction, if the token price temporarily dips, the LP will wait for token price to recover back in-range to generate fees, and only rebalance upwards. This mitigates impermanent losses (IL) from downwards rebalances and unnecessary swapped rebalance fees.

## How to MCU?

<table><thead><tr><th width="84.12188720703125">Step</th><th>HawkFi automation</th><th>Purpose</th></tr></thead><tbody><tr><td>1</td><td>Deploy tight-range &#x26; single-sided liquidity at local bottoms of price (In other words: Enter at price dips)</td><td>Maximize upside and minimize IL from token price bottoming further</td></tr><tr><td>2</td><td>Autorebalance with swap, for any cooldown duration (1min to 1hour)</td><td>Constantly stay in-range by rapidly rebalancing to generate fees</td></tr><tr><td>3</td><td>Directional autorebalance for price up-only (NOT up &#x26; down)</td><td>Mitigate impermanent losses (IL) from downwards rebalances and unnecessary swap rebalance fees.</td></tr><tr><td>4</td><td>Autocompound</td><td>Maximize yield over time by compounding fees earned</td></tr></tbody></table>

## MCU Case Studies

* $GP: <https://x.com/bradydonut/status/1947960642515964272>
* $SOL: <https://x.com/bradydonut/status/1940247338616070443>
* Orca CLMM vs. Meteora DLMM: <https://x.com/bradydonut/status/1946581982470893887>

## Tutorial Videos

* <https://x.com/bradydonut/status/1940252901009739945>

## More Questions?

* Join our Discord for questions & discussions on MCU: <https://discord.com/invite/hawkfi>
