Colony Pool Update | Adding Liquidity | 100k Target

Layer2 exchange of HIVE blockchain is getting quite a lot of focus lately. Hive Blockchain can easily be a great hub for developers who have bigger visions. HIVE can easily provide with all the support and aspects necessary to make those innovations to be come a reality. With the launch of Dswap.Trade it shows how effective a new idea can be. Also, it solves issues which many users have faced in the past. Similarly, new and innovative ideas which solves problems can be easily adopted by Hive users.

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Keeping that in mind, I have been keeping a keen eye on my liquidity position for Swap:Hive and Colony token. The liquidity is probably not much but I am watching the position closely and as time passes by, I would like to improve my position in swap.hive: colony pool and add liquidity to my current position. At present if you look in for positions in Liquidity pools you would see how much liquidity we have in different pools across the layer2's. $4.61 Million dollars worth of liquidity may not sound big to many but compared to the assets which are across HIVE Blockchain, this number is literally a killer. I believe this number will keep on increasing as soon as we see a price hike in HIVE.

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If you notice the liquidity in Swap.Hive:Colony pool you will notice the liquidity in the pool is around $8,758 worth of bot of these tokens. The fees earned from them are above $500. In the image below, you will notice my current position in Swap:Hive:Colony liquidity pool. I have close tp $13 worth of tokens in the pool. Judging by the asset value, it is certain that I have lost quite a bit in my total position. I started my position with 33.89 Swap Hive and little less than 25k Colony token. Time to increase the position.

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I have been trying to get in on Arcade Colony for some time. But with everything that is going, I need a clear mind before I can dive in on AC for good. I do not want to mix it up and I would like to enjoy the game like I do in SPlinterlands. Which is why, I am trying to learn a bit more about Arcade Colony and later jump in. Since the mechanism is much different than it is on Splinterlands. In addition, I would like to buy the right carts and make the best usage of my purchases in the game.

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Adding Liquidity

I have been slowly injecting in liquidity in Swap.Hive:Colony liquidity pool. As of today, I am adding close to 8 HIVE and 6k Colony Tokens in the pool. It will increase my position slightly but I am getting close to 100k liquidity as days are passing by. I intend to keep on increasing my position and get there as soon as possible.

AS you may notice this is my current position after providing my liquidity and as of now my rewards have increased from 64 Colony tokens to 74 Colony Tokens. The APR is 38.4%. Quite a lot to be honest. In terms of providing liquidity I am currently standing at position number 35. For the time being I would definitely like to keep on growing and increase my position as much possible. Also I am getting closer to my goal.

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Keeping everything in mind, I would like to keep on getting stacked in all of my positions. May that it be in HIVE, Splinterlands, AC and also in my crypto portfolio. Which is why focusing in all of the places and slowly building my stakes and doing everything that is necessary to enjoy in the long run.

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_{Image source : Tribaldex, Beeswap}

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Best regards

Rehan

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