Holozing: Focus on ZING:SWAP.HIVE Liquidity Pool + Impermanent Loss Explanation and Examples + My LP Investment Analysis (ENG/ITA)
Holozing: Focus on ZING:SWAP.HIVE Liquidity Pool + Impermanent Loss Explanation and Examples + My LP Investment Analysis
Today I am returning to write about HOLOZING which is a Hive game project under development that I am very interested in.
The founder of Holozing is @acidyo and by clicking on the following link you can see the team members working on this project: https://whitepaper.holozing.com/the-game/team
Although it is not yet possible to play Holozing, it is possible to participate in the distribution of Holozing's native tokens: the ZING tokens.
ZING tokens are distributed via a claimdrop on an hourly basis and in the table below you can see the total amount of ZING tokens distributed daily, monthly and annually.
In my previous post, I calculated the best and cheapest way to earn ZING tokens based on the different options you can choose and also shared my basic strategy for accumulating ZING tokens.
In today's post, my focus is on the ZING:SWAP.HIVE pool, and the topics of my post are:
- How to add and remove liquidity from the pool ZING:SWAP.HIVE.
- What is impermanent loss
- Why invest in a liquidity pool?
- The financial analysis of my investment in the ZING:SWAP.HIVE pool.
How to add and remove liquidity from the pool ZING:SWAP.HIVE
Hive is my favorite blockchain project because it has so many utilities.
Among the many utilities that Hive has are the liquidity pools that are also called Diesel Pools on Hive.
If you want to become a liquidity provider of the ZING:SWAP.HIVE pool you have to add liquidity to the pool = you have to add two quantities of ZING and SWAP.HIVE tokens that have the same market value.
To add liquidity to the pool ZING:SWAP.HIVE you can use:
- Add Liquidity section of TribalDEX.
- the Add Liquidity section of BeeSwap.
To remove liquidity from the ZING:SWAP.HIVE pool you can use:
- Remove Liquidity section of TribalDEX.
- the Remove Liquidity section of BeeSwap.
I prefer to use Beeswap because it has more options and provides more information about the Rewards of liquidity pools.
I use TribalDex instead to track earned fees.
If you have added liquidity in the pools of other blockchains you will be pleased to know that adding and removing liquidity in Hive Diesel pools is a 0-cost operation!
What is impermanent loss
The risk related to liquidity pools is the impermanent loss.
Impermanent loss is a loss that is realized:
- only when liquidity is removed from a pool.
- only if there has been a change in the value ratio of the tokens added as liquidity into the pool in the time interval between:
- the liquidity addition
- the removal of liquidity
To better explain the concept of Impermanent Loss I will show you some example cases:
1st Case: The tokens added into the pool had the same change in value between the time of adding liquidity and the time of removing liquidity.
| Example 1 | Example 2 | Example 3 |
|---|---|---|
| token A = +50% | token A = +0% | token A = -50% |
| token B = +50% | token B = +0% | token B = -50% |
| Impermanet Loss = 0% | Impermanet Loss = 0% | Impermanet Loss = 0% |
The 1st case is a possible but highly improbable case!
2nd Case: The tokens placed in the pool had a different change in value between the time of adding liquidity and the time of removing liquidity.
| Example 1 | Example 2 | Example 3 |
|---|---|---|
| token A = +20% | token A = +200% | token A = +500% |
| token B = -10% | token B = -40% | token B = -95% |
| Impermanet Loss = 1.03% | Impermanet Loss = 25.46% | Impermanet Loss = 81.89% |
The second case is obviously the most probable case!
You can have fun simulating and calculating the impermanent loss using one of the many online calculators such as: https://dailydefi.org/tools/impermanent-loss-calculator/
Now let me show you another example/case study and in this case I consider the ZING and SWAP.HIVE tokens.
At the time of writing this post:
- 1 ZING = $0.012
- 1 SWAP.HIVE = $0.346
If you add as liquidity $500 of ZING and $500 of SWAP.HIVE and at the time you remove the liquidity the value of the tokens is:
- 1 ZING = $0.008
- 1 SWAP.HIVE = $1
If you added $500 of ZING and $500 of SWAP.HIVE as liquidity and at the time you remove the liquidity the value of the tokens will be::
- 1 ZING = $0.008
- 1 SWAP.HIVE = $1
The impermanent loss will be = 21.95%
This means that you have lost 21.95% of the value you would have gained by simply holding the SWAP.HIVE and ZING tokens instead of putting them into the pool.
The question you are most likely asking yourself now is:
The question is logical and the answer is equally simple and is the subject of the next paragraph!
Why invest in a liquidity pool?
The impermanent loss may be uncovered, covered or surpassed by the rewards for liquidity providers.
The rewards for liquidity providers are:
- the fees generated by traders using the SWAP functionality of a pool (fees are always present in every liquidity pool)
- the rewards (not present in always pools and if present meausured with APR).
The reason why a liquidity provider adds liquidity to a pool is because it has assessed the value of the rewards receivable from the pool at a present and/or future value capable of covering and exceeding the risk of the impermanent loss!
Without fees and rewards only a fool would invest in a liquidity pool!
The financial analysis of my investment in the ZING:SWAP.HIVE pool after 18 days
In the previous paragraphs I showed the theory, in this paragraph I show the practice analyzing my investment in the pool ZING:SWAP.HIVE in which I have 726 SHARES (0.300%).
I added liquidity to the ZING:SWAP.HIVE pool over several days and created a table to mark all the transactions I have made to date and all the rewards I have received.
I started adding liquidity into the pool on November 5, 2023, and to date I have added:
- 149.53 SWAP.HIVE
- 3672.31 ZING
I have received 1032.72 ZING as a reward.
My Fees earned were:
- 2.98 ZING
- 0.15 SWAP.HIVE
Important Note: Earned Fees are added to the liquidity in the pool, rewards are sent into the Hive Engine Wallet.
If I had chosen to Hold instead of adding liquidity to the pool today I would have:
- 149.53 SWAP.HIVE
- 3672.31 ZING
- = Total Value: $93.28770
After 18 days as a liquidity provider if I decided to remove my liquidity from the pool today I would receive:
- 141.27 SWAP.HIVE
- 3814.44 ZING
- Total Value: $92.03843
As you can see from the table below the removal of my liquidity would produce today an Impermanent Loss = $1.24927
This means that in 18 days as a liquidity provider my liquidity in the pool has lost a value = -1.24927$ (impermanent loss)
As a liquidity provider I received a total reward of 1032.72 ZING in 18 days whose market value (highest bid) = $11,685
The table below clearly shows that my choice to invest in the liquidity pool was a good choice from a financial point of view over the holding because:
- if I held today I would have a total value = $93.28.
- by investing in the pool I have a total value (ZING+SWAP.HIVE+Rewards) = 103.72$
By investing in the liquidity pool ZING:SWAP.HIVE I covered and exceeded the impermanent loss and gained a profit over the holding.
Final Considerations
The goal of my post is to help understand the mechanisms that govern a liquidity pool and in particular to understand what impermanent loss is and how to calculate it, and I hope I have succeeded.
Investing in a liquidity pool is the alternative choice to Holding and/or staking a pair of tokens.
If you have a pair of tokens that you do not intend to sell you should always consider and evaluate as a viable and alternative option to invest in a liquidity pool but you must always first understand the mechanics of how a liquidity pool works.
In my post I never mentioned the APR of a liquidity pool and I did so on purpose because I hope I made you understand that the APR of a liquidity pool is only one of the elements you need to evaluate before investing in a liquidity pool.
An APR of 2000% may be worth very little in the short term if the liquidity pool's rewards consist of tokens that have almost zero trading volumes and have no use cases other than selling and will have no other use cases in the future.
Evaluation of an investment in a liquidity pool must always be based on the evaluation of at least 5 elements:
- impermanent loss
- fees generated by traders
- rewards
- APR
- forecast on the future value of the token pair placed in the liquidity pool.
I hope I have given you useful information and thank you for taking the time to read this post :)
Holozing Game Site: https://holozing.com/
Hive Account: @holozing
Lite Paper: https://whitepaper.holozing.com/
Twitter/X: https://twitter.com/holozing
Discord: https://discord.gg/EGzdV9z8BG
ZING Market: https://tribaldex.com/trade/ZING
ZING:SWAP.HIVE pool:
ROADMAP: V1
Useful Posts:
Important Note
In any type of investment there is always a risk factor to evaluate and consider.
I am not a financial advisor and the information contained in this post is not financial advice.
Before investing in a blockchain-based game you should always do your own research and personal evaluations.
Holozing: Focus sulla Diesel Pool ZING:SWAP.HIVE + Impermanente Loss: Spiegazione ed Esempi + Il mio investimento da Liquidity Provider
Oggi ritorno a scrivere su HOLOZING che è un progetto di un Hive game in fase di sviluppo a cui sono molto interessato.
Il founder di Holozing è @acidyo e cliccando sul seguente link puoi vedere i membri del team che lavora a questo progetto: https://whitepaper.holozing.com/the-game/team
Anche se non è ancora possibile giocare a Holozing è possibile partecipare alla distribuzione dei token nativi di Holozing: i token ZING.
I token ZING vengono distribuiti tramite un claimdrop su base oraria e nella tabella seguente puoi vedere il quantitativo totale di token ZING distribuito giornalmente, mensilmente e annualmente.
Nel mio precedente post ho calcolato il migliore e più economico modo per guadagnare i token ZING in base alle diverse opzioni sceglibili e ho condiviso anche la mia strategia di base per accumulare i token ZING.
Nel post di oggi il mio focus è sulla pool ZING:SWAP.HIVE e gli argomenti di questo mio post sono i seguenti:
- come aggiungere e rimuovere liquidità dalla pool ZING:SWAP.HIVE
- cos'è l'impermanent loss
- perchè investire in una liquidity pool?
- il mio investimento nella pool ZING:SWAP.HIVE
Come aggiungere e rimuovere liquidità dalla pool ZING:SWAP.HIVE
Hive è il mio progetto blockchain preferito perchè ha tante utilità.
Tra le tante utilità che ha Hive ci sono le liquidity pools che su Hive si chiamano anche Diesel Pools.
Se vuoi diventare un liquidity provider della pool ZING:SWAP.HIVE devi aggiungere liquidità alla pool = devi aggiungere due quantitativi di token ZING e SWAP.HIVE che hanno lo stesso valore di mercato.
Per aggiungere liquidità alla pool ZING:SWAP.HIVE puoi utilizzare:
- la sezione Add Liquidity di TribalDEX
- la sezione Add Liquidity di BeeSwap
Per rimuovere liquidità dalla pool ZING:SWAP.HIVE puoi utilizzare:
- la sezione Remove Liquidity di TribalDEX
- la sezione Remove Liquidity di BeeSwap
Se hai aggiunto liquidità nelle pool di altre blockchain ti farà piacere sapere che aggiungere e rimuovere liquidità nelle Hive Diesel pools è un'operazione a costo 0!
Cos'è l'impermanent loss
Il rischio collegato alle liquidity pools è l'impermanent loss.
L'impermanent loss è una perdita che si realizza:
- solo nel momento in cui si rimuove liquidità da una pool
- solo se c'è stata una variazione del rapporto di valore tra i token immessi come liquidità nella pool nell'intervallo di tempo tra:
- l'immissione di liquidità
- la rimozione di liquidità
Per spiegare meglio il concetto di Impermanent Loss ti mostro alcuni casi di esempio:
1° Caso: I token immessi nella pool hanno avuto la stessa variazione di valore tra il momento dell'aggiunta di liquidità e il momento in cui si rimuove la liquidità.
| Esempio 1 | Esempio 2 | Esempio 3 |
|---|---|---|
| token A = +50% | token A = +0% | token A = -50% |
| token B = +50% | token B = +0% | token B = -50% |
| Impermanet Loss = 0% | Impermanet Loss = 0% | Impermanet Loss = 0% |
Il 1° caso è un caso possibile ma altamente improbabile!
2° Caso: I token immessi nella pool hanno avuto una diversa variazione di valore tra il momento dell'aggiunta di liquidità e il momento in cui si rimuove la liquidità.
| Esempio 1 | Esempio 2 | Esempio 3 |
|---|---|---|
| token A = +20% | token A = +200% | token A = +500% |
| token B = -10% | token B = -40% | token B = -95% |
| Impermanet Loss = 1.03% | Impermanet Loss = 25.46% | Impermanet Loss = 81.89% |
Il secondo caso è ovviamente il caso più probabile!
Puoi divertirti a simulare e calcolare l'impermanent loss utilizzando uno dei tanti calcolatori online come ad esempio: https://dailydefi.org/tools/impermanent-loss-calculator/
Adesso ti mostro un'altro esempio/caso di studio e in questo caso prendo in considerazione i token ZING e SWAP.HIVE.
Nel momento in cui scrivo questo post:
- 1 ZING = 0.012$
- 1 SWAP.HIVE = 0.346$
Se aggiungi come liquidità 500$ di ZING e 500$ di SWAP.HIVE e nel momento in cui rimuovi la liquidità il valore dei tokens è:
- 1 ZING = 0.008$
- 1 SWAP.HIVE = 1$
L'impermanent loss sarà = 21.95%
Questo vuol dire che hai perso il 21.95% del valore che avresti ottenuto semplicemente holdando i token SWAP.HIVE e ZING invece di immetterli nella pool.
La domanda che con molta probabilità ti starai ponendo adesso è:
La domanda è logica e la risposta è altrettanto semplice ed è l'argomento del prossimo paragrafo!
Perchè investire in una liquidity pool?
L'impermanent loss può essere non coperto, coperto o superato dalle ricompense per i liquidity providers.
Le ricompense per i liquidity providers sono:
- le fees generate dai traders che usano la funzionalità SWAP di una pool (le fees sono sempre presenti in ogni liquidity pool)
- le rewards (non sempre presenti)
Il motivo per cui un liquidity provider aggiunge liquidità ad una pool è perchè ha valutato il valore delle ricompense ricevibili dalla pool di un valore presente e/o futuro capace di coprire e superare il rischio dell'impermanent loss!
Senza fees e senza rewards solo un pazzo investirebbe in una liquidity pool!
Il mio investimento nella pool ZING:SWAP.HIVE
Nei paragrafi precedenti ho mostrato la teoria, in questo paragrafo mostro la pratica analizzando il mio investimento nella pool ZING:SWAP.HIVE nella quale ho 726 SHARES (0.300%) = $95.02.
Ho aggiunto liquidità alla pool ZING:SWAP.HIVE in più fasi e ho creato una tabella per segnarmi tutte le operazioni che ho effettuato fino ad oggi e tutte le ricompense che ho ricevuto.
Ho iniziato ad aggiungere liquidità nella pool il 5 novembre 2023 e fino ad oggi ho immesso:
- 149.53 SWAP.HIVE
- 3672.31 ZING
Ho ricevuto 1032.72 ZING come ricompensa.
Le mie Fees guadagnate sono state:
- 2.98 ZING
- 0.15 SWAP.HIVE
Nota Importante: Le Fee Earned vengono aggiunte alla liquidità nella pool, le ricompense vengono inviate nel Hive Engine Wallet.
Se avessi scelto di Holdare invece di aggiungere liquidità alla pool oggi avrei:
- 149.53 SWAP.HIVE
- 3672.31 ZING
- = Total Value: 93.28770$
Dopo 18 giorni da liquidity provider se oggi decidessi di rimuovere la mia liquidità dalla pool riceverei:
- 141.27 SWAP.HIVE
- 3814.44 ZING
- Total Value: 92.03843$
Come puoi vedere dal prospetto seguente la rimozione della mia liquidità produrrebbe oggi un Impermanent Loss = 1.24927$
Questo vuol dire che in 18 giorni da liquidity provider la mia liquidità nella pool ha perso un valore = -1.24927$ (impermanent loss)
Come liquidity provider ho ricevuto una ricompensa totale di 1032.72 ZING in 18 giorni il cui valore di mercato (highest bid) = 11.685$
Il prospetto seguente mostra chiaramente che la mia scelta di investire nella liquidity pool è stata un'ottima scelta dal punto di vista finanziario rispetto all'holding perchè:
- se holdavo oggi avrei avuto un valore totale = 93.28$
- investendo nella pool ho un valore totale (ZING+SWAP.HIVE+Rewards) = 103.72$
Investendo nella liquidity pool ZING:SWAP.HIVE ho coperto e superato l'impermanent loss e ho ottenuto un profitto rispetto all'holding.
Considerazioni Finali
L'obiettivo del mio post è di aiutare a comprendere i meccanismi che governano una liquidity pool e in particolare a comprendere cos'è l'impermanent loss e come calcolarlo e spero di esserci riuscito.
Investire in una liquidity pool è la scelta alternativa all'Holding e/o allo staking di una coppia di token.
Se hai una coppia di tokens che non hai intenzione di vendere dovresti sempre considerare e valutare come opzione possibile e alternativa di investire in una liquidity pool ma devi sempre prima capire i meccanismi di funzionamento di una liquidity pool.
Nel mio post non ho mai nominato l'APR di una liquidity pool e l'ho fatto appositamente perchè spero di averti fatto comprendere che l'APR di una liquidity pool è solo uno degli elementi che devi valutare prima di investire in una liquidity pool.
Un APR del 2000% può valere molto poco nel breve periodo se le ricompense della liquidity pool sono costituite da token che hanno volumi di scambio quasi nulli e che non hanno casi d'uso oltre alla vendita e che non avranno altri casi d'uso in futuro.
La valutazione di un investimento in una liquidity pool deve sempre basarsi sulla valutazione di almeno 5 elementi:
- impermanent loss
- fees generate dai traders
- rewards
- APR
- previsione sul valore futuro della coppia di token immessi nella liquidity pool.
Spero che il mio post ti sia piaciuto e ti ringrazio per aver dedicato il tuo tempo alla lettura di questo post :)
Holozing Game Site: https://holozing.com/
Hive Account: @holozing
Lite Paper: https://whitepaper.holozing.com/
Twitter/X: https://twitter.com/holozing
Discord: https://discord.gg/EGzdV9z8BG
ZING Market: https://tribaldex.com/trade/ZING
ZING:SWAP.HIVE pool:
ROADMAP: V1
Useful Posts:
Nota Importante
In ogni tipologia di investimento c'è sempre un fattore di rischio da valutare e considerare.
Io non sono un consulente finanziario e le informazioni contenute in questo post non sono consigli finanziari
Prima di investire in un gioco basato su blockchain devi sempre fare le tue ricerche e le tue personali valutazioni.
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STOPWow thanks for this awesome info!
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Grazie mille per il supporto
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First off you forgot the percentage because different pools pay different percentages.
Plus you also forgot daily bonus liquidity provider rewards. Most pools don't have them however some pools have 1% 2% 3% and very rarely four or 5%...
I'd love to hook up with you and chat. More active pools do not have rewards and only pools that don't have enough activity for you to earn fees? Only those pools have liquidity provider rewards to incentivize investors.
I really think that you've done an absolutely amazing post here! Really good!
#freecompliments
And I would absolutely love to invite you to the free compliments community. You've got some absolutely awesome knowledge on how to break down this information. And it would absolutely be awesome to share this information with the rest of the world.
Oops I should look you actually are a part of our community! Lol!
Yes I signed up but I haven't had time to read up on the community and its goals yet and I need to do that
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BEER.Hi @ganjafarmer and thanks for your comment
The percentages are the rewards and so I have included them in the section "Why invest in a liquidity pool?" in the post.
But yes you are right that I didn't give much space to APR in my post but that was my intention because those who are not familiar with liquidity pools only consider APR as the main element and instead it is only one of the elements to be considered and evaluated and one of the goals of my post was just that ;)
Here it was not my intention but I forgot to include them and so thank you I will add the daily bonuses to the post ;)
generally pools that have a lot of swap activity do not need to include rewards because the fees are already a reward for liquidity providers while pools with little activity need to distribute rewards to attract liquidity providers
thanks a lot for reading and appreciating my post
a big hug
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Of course and I'm really impressed with what you have done here and your explanation. I wasn't aware of that you were doing even more writing on this!
Great job! !PGM
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Per continuo anch'io su questa linea, anche se ultimamente sto ributtando praticamente tutto quello che ottengo nella pool: te invece cosa stai facendo con le ricompense della liquidity pool? Continui a venderne una parte per fare Power Up ed utilizzare l'altra per aumentare la tua posizione nella pool?
Per ora comunque il prezzo sta reggendo in maniera quasi stupefacente: secondo te quanto potrà andare avanti? La vendita dei primi assets prevista per Dicembre potrebbe essere il momento in cui molti dumpano ZING per acquistare assets, secondo me... ma non è che abbia molta esperienza a riguardo, per cui magari succederà tutto il contrario 😂
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Ciao arc7icwolf, se non ci saranno grosse variazioni di valore dei token della pool continuerò a puntare molto sulla pool ma mi piace seguire una srategia bilanciata anche perchè non ho il tempo di monitorare continuamente e tutti i giorni i valori dei token e per questo vendo sempre una parte dei token che ricevo dalla pool.
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BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
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Capito Liberty; io per ora adesso mi sto sbilanciando un po' troppo nella pool, perchè i miei guadagni sono comunque bassi e quindi mi sembra sprecato vendere pochi ZING per ottenere, magari, 0.5 Hive: con il senno di poi avrei dovuto rimuovere tutte le altre deleghe all'inizio e delegare tutto quanto in favore di zingtoken 😅 quanto Hive che avrei ottenuto così, a pensarci mi deprimo un po' ahahah
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The APR is still quite high and it's nice to see that you are still profitable despite the IL.
Yes this is one of the cases where IL is really a small risk because the APR is very high and the ZING token is maintaining its value very well
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Geez you are the best. This is one of the best explanation posts you have done. I want to strive to write as clear and thoughtful as you one day!
Thank you very much for your kind words, and I am very pleased that you liked my post and that I was able to be clear and explanatory because that was exactly the goal I had set in writing this post
A big !HUG
!PGM
!PIZZA
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
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I sent 1.0 HUG on behalf of @libertycrypto27.
(1/3)
I've just started going into it myself, price of Zing is holding up remarkably well, looks like we've got a bunch of die hard hodlers controlling the delegation rewards.
There's so much liquidity now in that pool compared to the amount circulating and the amount liquid, it does defend a little against a massive crashing of the price.
yes completely agree, the value hold of the ZING token and the liquidity in the pool show that this project has a very high base of trust and support.
thanks for your comment
!PGM
!PIZZA
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
Good times!
!DHEDGE
!1UP
!PIZZA
!PGM
!CTP
!BEER
!KING
!HIVEBITS
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
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Keep up the good work King @libertycrypto27, bitcoinflood(2/5) is appreciative of the time and dedication you put into writing this post. Your efforts are truly valued.
And with this post you made @bitcoinflood's day and this present of 50.0 EXP is for you! We hope you keep creating amazing content and never give up!
BTW! EXP! is the token that will unlock the full experience of our games and give you access to all the rewards
!PIZZA
!PGM
!CTP
!BEER
!KING
!HIVEBITS
!ALL
Keep up the good work King @bitcoinflood, libertycrypto27(3/6) is appreciative of the time and dedication you put into writing this post. Your efforts are truly valued.
We are constantly in awe of your work. @libertycrypto27 is sending you 50.0 EXP to show their appreciation for all that you do.
BTW! EXP! is the token that will unlock the full experience of our games and give you access to all the rewards
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
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Yes, you managed to explain everything very well. Thank you. Now a lot has become clearer
I am very glad that my post was helpful to you. Thank you for reading and appreciating my post.
!PGM
!LUV
@libertycrypto27 sent you LUV 🙂 (5/5)
Made with LUV by crrdlx
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
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I love how detailed you explain everything! Great post! 🙌🏻🙌🏻
thanks my friend
a big !HUG
!PGM
!LUV
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
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Get potential votes from @ pgm-curator by paying in PGM, here is a guide
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@libertycrypto27 sent you LUV 🙂 (3/5)
Made with LUV by crrdlx
I sent 1.0 HUG on behalf of @libertycrypto27.
(2/3)
Thank you for so much explaining everything to be well detailed
thanks to you for appreciating my explanation
!CTP
!LOL
lolztoken.com
Of course, those are only round figures.
Credit: reddit
@biyimi, I sent you an $LOLZ on behalf of libertycrypto27
(3/10)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
Thanks for the great detailed explanation man. A lot of people don't know about liquidity pools including me and thanks to you I now know terms like impermanent loss. I will reblog this post and maybe more people will see it and it will be useful.
Thanks for your comment, I am very glad that my post was helpful for you to better understand impermanent loss because that was exactly the goal I wanted to achieve by writing this post.
a big !HUG
!PGM
!ALIVE
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@incublus! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ libertycrypto27. (2/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
I sent 1.0 HUG on behalf of @libertycrypto27.
(3/3)
This project really makes sense especially for the fact that we don’t have to buy Zing
Instead, we can just delegate some Hive
Yes this project is very interesting for many reason
!LUV
!BEER
!PGM
!PIMP
!LOLZ
You must be killin' it out here!
@entrepidus just slapped you with 1.000 PIMP, @libertycrypto27.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/2 possible people today.
Read about some PIMP Shit or Look for the PIMP District
lolztoken.com
By the number of gigs it has.
Credit: reddit
@libertycrypto27, I sent you an $LOLZ on behalf of entrepidus
(1/10)
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
!PGM
!PIMP
!LOLZ
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
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lolztoken.com
A-one, a-two, a one-two-three-four!
Credit: reddit
@entrepidus, I sent you an $LOLZ on behalf of libertycrypto27
(1/10)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
This post has been selected for upvote from our token accounts by @bitcoinflood! Based on your tags you received upvotes from the following account(s):
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In this way I think I understand much better the function of liquidity funds. Yes, I had read about the participation that can be had in each of those that are present, but I did not understand very well the way in which one could also earn. I still feel that I have yet to better understand how the system works and where certain factors come from. But, up to this point, as a participant I have understood it very well and when you show the impermanent loss you had and I scroll up to see the reward in Tokens, I could understand that what you did was enough to reduce that loss and that you got a separate profit. Then I kept scrolling to see that this was indeed the scenario. Thank you very much for sharing these examples.
Seeing that there is a lot of interest in this project and in the near future it will see us becoming famous all over the world.
Molto interessante e spieghi bello chiaro grazie!
!PIZZA
!PGM
!LUV
@li-lou sent you LUV 🙂 (1/1)
Made with LUV by crrdlx
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
Great info on impermanent loss, I enjoyed reading your explanations. My impermanent loss from LP seems to be much higher than yours, but I based it only on one additional, while you have been adding more times, which averaged it out nicer I think. I’ll continue adding more and see what the calculations are like over a longer period of time.
Thanks for this!
!ALIVE
@libertycrypto27! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ fantagira. (2/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
