Adding GLITTER to the LPs

Image created by me using canva (not AI)

This post is not financial advice

I was able to add GLITTER to both the HSBIDAO/PIXYDUST pool and the UNICOIN/Swap.hive pool. I added 2200 to the PIXYDUST pool and 2000 to the UNICOIN pool. I also sent some to @enginewitty as a gift to do with as he pleases.

In all I only minted 4000 new tokens which was a little less than I estimated (that's a good thing) because I was able to buyback more tokens and recycled about 1200.

The next month or so I will go back to burning the tokens. I hope to burn at least 1000 this month. I'd like that number to be closer to 2000 or more but it's not completely in my control.

Not as many people are selling their GLITTER as I originally thought. I expected folks to sell at higher rates. I always have some buy orders active, at a profit to the seller, in case people want to.

Both LPs are looking great rewards wise. After I burn a few thousand I may recycle and put more . I also added a small amount of liquidity to the PIXYDUST pool. I expect that amount to go up over the next couple months as more PIXYDUST that was paid for before launch is distributed to this account as well as @uni-coin @tribefairy and my personal account @cryptounicorn420 . That will be done slowly over time and I do not have a time or amount estimate . I will know more once the bot launches which is ..any day now :)

Any GLITTER received from the LP rewards will be either recycled or burned. Now that these LPs are in good standing in terms of rewards I expect to be doing a lot more burning than minting the next few months. This is all as designed. Of course if there is surge of folks in the LPs and the rewards go down I will refresh them but I think for now recycling will be enough.

Even though there is a lot of wiggle room in terms of tokens backed vs in circulation I am still very conservative about minting tokens on all my accounts. I like to keep the ratio high so I am minting less tokens than I could. I'd rather have the tokens be more scarce than having an excess in circulation.

Speaking of UNICOIN I plan to buy some with the extra funds I have on this account and take advantage of the HSBI exchanges. Either exchanging UNICOIN for HSBI units or the HSBIDAO tokens. It's a good deal on the user end and would strengthen this account and give it more HSBIDAO to pair with PIXYDUST. I will probably buy 100 UNICOIN and exchange half for traditional HSBI units and half for the tokens. I may as well take advantage of these exchanges for this account. It's more profitable to do the exchanges via UNICOIN than buy HSBIDAO tokens on the market.

Work smarter not harder :)