Current Situation in Cent Liquidity Pools (July 2024)

Hello dear Cent Community. We evaluate the situation in Cent's liquidity pools on a monthly basis. So we can see the progress we've made. And we're starting to have clearer data about what we need to fix. These evaluations provide very useful data not only for Cent's management team, but also for liquidity providers.

Cent has 6 liquidity pools. There is approximately $6360 worth of liquidity in the pools. Cent/BTC liquidity pool became active 12 days ago. Therefore, we evaluated it separately rather than including it in the data below. We will evaluate it once the monthly data in the pool is available.

There was an increase in liquidity in all pools. In particular, the liquidity rate in the Cent/Leo liquidity pool increased by 110%. Cent/Bee liquidity pool is in second place. Liquidity increase rate is 21%. Transaction volume increased in all liquidity pools. The liquidity pool that showed the highest transaction volume increase with 66% is the Cent/Bee liquidity pool. There was no significant change in APR rates in the pools. Except for the Cent/Leo liquidity pool :) Due to the 110% liquidity increase in the pool, the current APR rate of the pool decreased by -44%.

• There is 12700 Hive worth of liquidity in the Hive/Cent liquidity pool. A transaction volume of $5500 was realized in the last month. The current APR on the pool is 59.5%.
• There is 5170 Hive worth of liquidity in the HBD/Cent liquidity pool. A transaction volume of $1410 was realized in the last month. The current APR on the pool is 65%.
• There is 3504 Hive worth of liquidity in the Cent/Bee liquidity pool. A transaction volume of $824 was realized in the last month. The current APR on the pool is 61%.
• There is 3650 Hive worth of liquidity in the Cent/Leo liquidity pool. A transaction volume of $1001 was realized in the last month. The current APR on the pool is 56.5%.
• There is 1585 Hive worth of liquidity in the Cent/Pob liquidity pool. A transaction volume of $726 was realized in the last month. The current APR on the pool is 105%.

As mentioned above, the Cent/BTC liquidity pool was created approximately twelve days ago. The current APR is a bit high due to the pool being newly created. We expect more liquidity to enter the pool. We will continue to add new rewards to the pool as liquidity increases.

• There is 2520 Hive worth of liquidity in the Cent/BTC liquidity pool. There has been a transaction volume of $261 in the last 12 days. The current APR on the pool is 128%.

You can access our liquidity pools report from last month here. We would be pleased if you could send us your opinions and suggestions about liquidity pools and other parts of the project as a comment or via Discord. Follow this account for new news and event announcements.

Posted Using InLeo Alpha