The Terra.sinkhole Project Report
I could sworn that the project stalled. But I guess it's only my impression. But looking at 30 day summary on hivestats.io shows it is not as bad as I assumed. The scrap price is decreasing constantly, but the volume that goes through LP is still greater than the LP volume itself. Which means it is pretty good strategy to provide liquidity (almost 200% APR)
The Terra.sinkhole Project provides liquidity for screap:swap.hive pool with an aim to secure and stabilise scrap price. I think game changes helped to decrease demand for scrap token because of decay mechanic. We shall see how this all will play out but I'm calm filled with hope.
You can read about the rules of the project here
How did we do?
| statistic | value | change since last report |
|---|---|---|
| HP | 111.533 | +12.035 |
| Delegations | 2,117.594 2,127.160 | -9.566 |
| Hive account value | $39.86 35.82 | +$4.04 |
| Scrap burned | 0 | 0 |
| Scrap in LP | 9297,993 | +2576.768 |
| Hive in LP | 9.889 10.989 | -1.1 |
| LP value | $7.27 8.36 | -$1.09 |
What's interesting, look at APR shown by BeeSwap
Why should you care?
For those playing the Terracore the answer is obvious - it may help your game. Those not playing might benefit from this Project as well, because it:
- Proves Hive usecase,
- Shows and proves (if succeed) the solution to issue of game token depreciation,
- Takes some Hive out of circulation - staked HP is not on the market being sold.
swap.hive:scrap pool data
30 day summary
Today:
Hive statistics
The account analytics
The current delegators
by @jocieprosza
