Cent Pools Current Status
Hello. In this post, I will talk about the current status of Cent pools. A few days ago, many features of Tribaldex were updated. New statistics data has also been added to the 'Pools' page. So I suggest you go to Tribaldex.com and have a look. Let's come to the current situation in the pools.
Hive/Cent Pool:
$2430 worth of liquidity has been added (1626 Swap.hive, 112,863 Cent). In the last day, $568 worth of transactions were made. Liquidity providers received a transaction fee of $0.678. The current APR rate in the pool is 49%. There is a +1% bonus for long-term liquidity holdings. Also, specific to this pool, liquidity providers share 40 CENT Tokens per hour.
HBD/Cent Pool:
Added $959 worth of liquidity (584 HBD, 44,476 Cents). In the last day, $135 worth of transactions were made. Liquidity providers received a transaction fee of $0.155. The current APR rate in the pool is 66%. There is also a +1% bonus for long-term liquidity holdings.
Cent/Leo Pool:
1241$ worth of liquidity added (58,406 Cent, 3828 Leo) $221 worth of transactions were made in the last day. Liquidity providers received a transaction fee of $0.259. The current APR rate in the pool is 53%. There is also a +1% bonus for long-term liquidity holdings.
Cent/Pob Pool:
$935 worth of liquidity added (47,060 Cent, 18,190 Pob) $222 worth of transactions were made in the last day. Liquidity providers received a transaction fee of $0.278. The current APR rate in the pool is 73%. There is also a +1% bonus for long-term liquidity holdings.
Detailed information on hourly reward distribution in the Hive/Cent Pool here. See you in new posts.
I'm glad to say I have a tiny bit in the HBD/CENT pool. In time I will be adding much more to the pool, I just need to accumulate more Cent and HBD. Goodluck to the other pools.
Are there any plans to create more pools?
I wish you a lot of profit. There is Hive, Hbd pool. It's there for two tribal tokens. Next, we will most likely create a pool with a cryptocurrency outside of the Hive-Engine. The new liquidity pool is coming soon.
Yay! 🤗
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Can you give me a little more information on what a Cent pool is and how it might be beneficial to an investor?
In Hive-engine, there is the possibility to create liquidity pools as in other defi projects. We created a 4 Cent liquidity pool, namely Hive, HBD, Leo and Pob pools. Price stability in liquidity pools is more stable than in the markets. They make the token price more stable due to arbitrage operations. In addition, the liquidity ratio of the coin increases. If investors want to buy or sell, they can trade without being exposed to price changes. They can make a profit by offering liquidity to the pools. I wrote an article on the subject before.
https://peakd.com/hive-150329/@anadolu/what-is-a-liquidity-provider
Interesting to read this development around the CENT project. Looking forward to see the value of CENT stabilize and grow positively.
Thank you for sharing your thoughts. Gradually, the liquidity ratio began to rise. If it continues like this, the volume will increase and the coin price will start to stabilize.
Curious to know about the minimum number of HIVE a liquidity provider has to add to receive the LP rewards.
You must be in the top 20 liquidity providers for hourly rewards. However, there is no lower limit for daily rewards.
Daily reward is already good. Want to test the pool as my fund allows. This is the third first time for me. First first time - participating in PUD. Second first time - buying and staking CUB. Third first time just in case - providing liquidity! 😂😆