Ending the month in Excellent Standing- New Token Mints

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This post is not financial advice

It's been an excellent month for PIXYDUST. I've been selling quite a few tokens via the LP. I have been balancing the pool and folks are buying tokens so I mint new ones to balance it out.

I am minting new tokens to balance the pool which is essentially selling them. My goal is to increase liquidity so this makes sense. I am not limiting these new mints yet but I may in the future (or at least slow them down) . For now ,however, I expect to be balancing the pool everyday until the demand for PIXYDUST slows down. I do mint a few hundred at a time and sell them back to the pool slowly. Those tokens are already backed before they are minted/sold which is why I am only minting a few hundred at a time.

Not all are to balance the pool, some are to do the paybacks. When balancing the pool I am swapping them for HSBIDAO tokens, which are backing new mints. For tokens being paid back, they are already backed.

As I explained in earlier posts I owe myself 6188 tokens.

The total I have paid back is 480 making the new total to be paid back 5708

I want to explain a few things about the tokens being paid back and which new mints count as that payback. Tokens I mint for this account or the @pixybot account do not count toward that total because those tokens are for the program, not me personally. Tokens that I send to any account not associated with this account directly do count as tokens paid back-even tokens not sent to my personal account.

In fact about half of those PIXYDUST tokens were sent to the @glittertoken account as I work toward building that account up. It won't always be that way. Over time my personal account will get a majority of these tokens but I will help out my other accounts along the way. I could just pay them all back to my personal account, but I am choosing not to do that.

I will slow down on these paybacks until the demand for PIXYDUST in the pools slows down. My priority is balancing the LP first (making sales in this context) and paying myself back later.

I am also gradually adding rewards to the LP along the way to keep the APR high while new tokens are added to the LP. Next month I will be minting and adding more GLITTER tokens to the LP rewards.