LP Rewards Reactivated in Leo and Pob Liquidity Pools

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(Edited)

Since the bear season in cryptocurrencies continued, we distributed rewards in only three liquidity pools until last December. Hive/Cent, Hive/CentG and Cent/CentG liquidity pools continued to distribute rewards throughout the bear season. We reactivated our liquidity pools, whose reward distribution period ended in the last month. We started distributing liquidity provider rewards in the HBD/Cent pool again.

Leo and Pob pools have not been giving out LP rewards for a long time. Therefore, they lost some liquidity. A few days ago, we started distributing LP rewards in these pools. Thus, all liquidity pools of the Cent Project began distributing LP rewards. We kept the annual liquidity provision returns of the pools slightly higher. This is a sign of the expectation that more liquidity will be provided to the pools. We will keep APR rates high until the amount of liquidity in the pools reaches a certain saturation.

  • There is 445 Hive worth of liquidity in the Cent/Leo pool. Approximately 67,000 Cent and 1470 Leo. The current APR on the pool is 316%.
  • There is 358 Hive worth of liquidity in the Cent/Pob pool. Approximately 54,000 Cent and 18,000 Pob. The current APR on the pool is 213%.

The reason why we create a lot of liquidity pools and distribute LP rewards compared to an ordinary tribal project is to reduce the inflation in the Cent token as much as possible. It also makes it easy for users to buy/sell tokens whenever they want. Liquidity pools reduce volatility in the token price. It paves the way for users to generate income not only by producing or curating content, but also by providing liquidity. Besides, we can list many benefits. Follow @centtoken for more news and announcements.

hive-173575 cent hive-engine tribes rewards proofofbrain pob leofinance leo inleo
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18 comments
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Thanks for this update and development. I might consider adding liquidity to those two pools.

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Thanks for sharing your thoughts. And we wish you success.

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Thank you. I just added a small amount to those two pools.

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If the price of the CENT token returns to its peg of $0.01 each, then you will have about 10 times the current worth of your 109,000+ CENT tokens. 🤓😏

!PIZZA

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That would be great!

!PIZZA

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(Edited)

I don't think you would stack CENT tokens if you don't believe that its price will return to $0.01 each sooner or later. 🤔🤓😏

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Of course, though the creator of the token is trying his best to recover that intended peg, still the market has the final say. Nevertheless, regardless of the token's price direction in the coming days, the most important thing now is that I can shift my focus in growing my HP.

!PIZZA

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Does cent still get rewarded if you use cent tribe in your article?

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Yes. If you use Cent's community page and frontend, you'll earn all author rewards. If you use the 'cent' tag by publishing content other than these two options, there will be some deduction from the author rewards. There is no deduction for curator awards.

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Happy to provide liquidity to the pools.

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We wish you luck. Diversify your portfolio by assessing your risk in cryptocurrency investments and spreading the risk.

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I like CENT! I am glad to see it is still in use.

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