Current Status of Stablecoin Study

Last August, I announced that we reduced Cent's maximum supply to 100,000,000 CENT. In October, I shared content regarding the project's overall stablecoin strategy. At the beginning of this year, the Stablecoin Study was announced. We have made significant progress since the announcement of the study. Cent has liquidity pools with three stable cryptocurrencies (HBD, USDT, and BEED).

Surviving in digital asset markets depends not on creating demand through momentary price surges, but on developing sustainable solutions. Therefore, since the beginning of the project, we have been working to increase Cent's liquidity and trading volume. The Stablecoin Study will greatly facilitate our work in achieving our future goals.

In the first phase, the HBD/Cent liquidity pool and the BEED Token Study significantly contributed to Cent's price stability. Later, we created the Cent/USDT liquidity pool. USDT, HBD, and BEED liquidity pools have $1800 worth of liquidity. The Hive/Cent liquidity pool has $1280 worth of liquidity. However, almost 60% of Cent's trading volume occurs in the Hive/Cent liquidity pool. Therefore, we need to manage the Stablecoin Study more actively.

Today, a new token called SHORT was created. We activated the Cent liquidity pool (Cent/Short) for this token. We will soon activate LP rewards. A HBD/Short or Hive/Short liquidity pool will be created shortly. The token will be managed by the @centtoken account. Detailed information about the token will be shared. We will soon include the token in the Stablecoin Study.

• https://peakd.com/hive-173575/@anadolu/short-token

We have changed our LP reward distribution strategy in liquidity pools. From now on, we will only distribute Cent as an LP reward in liquidity pools within the Stablecoin Study. The Delegation Study acts as a catalyst for increasing Cent functionality. We have isolated the Trade and Tribe studies. We have made many improvements to these studies. Rewards for these studies are distributed in the Cent/Trade and Cent/Tribe liquidity pools.

The Stablecoin Study page will be updated in the coming days. The study will become more active with the inclusion of the Short token. Follow @centtoken for more detailed data and reports.

image source: Gemini AI