Experimenting with COLONY Liquidity Pool on Tribaldex

Hello racers,

Today I’m planning to try putting my available COLONY into the liquidity pool. I believe that, aside from staking for rewards, liquidity pools are another great way to earn better benefits from this token.

$COLONY-HIVE MARKET

From HIVE-ENGINE, you’ll notice a spike in the price of COLONY-SWAP:HIVE, with a positive change of 41.47% and a $365.00 24-hour volume. This sudden change is usually an early indicator that something positive might happen in the near future.

Let’s go and check the $COLONY token liquidity on https://tribaldex.com/pools. It clearly shows a healthy volume of transactions and available liquidity in the market — including the fees earned from it.

MY FIRST TRY PUTTING SWAP.HIVE:COLONY IN POOLS

I don’t have much $COLONY token at the moment since most of it has already been staked from previous rewards. This small amount is what I earned from a few games, so I decided to put it into the liquidity pool (LP). For the next rewards, I plan to add them to the pool as well.

Using https://tribaldex.com/pools/transactions, I added 0.01241878 SWAP:HIVE and 11.32 COLONY into the liquidity pool. Yes, it’s a very small amount — but this is just my first try, as I plan to put all my future rewards into the pool.

Action succeed :

Well, this is my latest transaction for the liquidity pool — the first one after four years! Just testing it with a small amount of $COLONY because, like I said, I’ll be doing it with my rewards from now on.

That’s all for today, see you tomorrow!

Posted Using INLEO