Liquidity And Posh Earnings

Hi guys,

Ever since the Holozing game announcement I’ve been writing blogs about the zing token. If you’ve noticed am doing all I can to earn the zing at this crazy APR before it changes.

In my recent post, I made a blog about adding liquidity to the swap. hive: zing liquidity pool. Actually, this is my first time doing something like that so I was sceptical. I want to be able to have a lot of staked zing or should I say a lot of zing before the gameplay starts next year.

So yh, as I said a few days ago I’d get people who are interested updated on the earnings from the liquidity pool. For people who don’t know what liquidity is let me try to explain it in simple words.

So basically liquidity is an essential part of a token or coin. Without liquidity, a coin cannot be traded cause there will be no pair to enter and exit positions. Let’s take the hive and zing as an example. Imagine the Zing token was created and no liquidity was added. It will mean that there is no hive in the pool for users to trade against or there will be no hive for users who want to exchange their zing to exchange with and as such a user cannot exit a position.

It is for this singular reason that rug pools happen easily. The moment the liquidity for a token is removed the holders of that token will now be holding worthless tokens which cannot be traded for hive. Hope it’s understandable a bit now.

So I provided a little of that since it’s my first time. The way this one works is that those who are providing liquidity in the liquidity pool have to bring zing and hive or swap. hive which will essentially be paired against each other for this. When I provided liquidity the other time it was 1hive to 9 zing; this figure changes. So after you provide liquidity you are part of the people who will share a total of 40,000 zing every 24 hours. Depending on the amount you have provided and also the number of people in the pool you get your share.

Now, on that day I provided 9 hive: 90 zing on the pool which brought my share to 0.03%. I did see this figure but then I was contemplating how it would pan out since I’ve never done this.

So 24hrs passed and I didn’t see anything so I had to wait longer and I received about 16 liquid zing in my wallet. I knew that I would be getting liquid zing which was one of the things that motivated me to add to the pool.

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Now that I’ve seen how it works what now? First of all the APR is about 7000% so I think you should look at this. The APR for liquidity is crazy considering the risks involved.

Well, now I want to get as much as I can. I might take profits in the near future and look to buy in cheap. For now, I think it’d be pretty difficult to see the coin go down much more since it has not done that now. I want to play the game as well so selling everything is not an option to me.

So after adding liquidity I recently bought posh cause it also has crazy APR. For that posh side I might have to review the number of posh am holding cause am getting a small amount of staked zing from there.

The whole concept of liquidity is an interesting thing to me. I’ll be looking to improve on that in the coming days. What is your plan to accumulate zing?