HBD/Short Liquidity Pool and LP Reward Distribution Active
Hello everyone. We thought it was too early to create the HBD liquidity pool. The Hive pool currently has $120 worth of liquidity. However, due to Hive's price movements, the BEE token dropped from 0.62 Hive to 0.49 Hive. Therefore, we purchased the necessary tokens (1100 BEE) and created the Swap.HBD/SHORT liquidity pool. With Cent/Short, Hive/Short, and HBD/Short liquidity pools, it will be easier to ensure price stability for the SHORT token.
We have started distributing rewards in the HBD/Short liquidity pool. We have set a one-year period for LP reward distribution. 3,650 SHORT tokens have been added to the pool. We will start adding HBD tokens as rewards to the pool in the coming days.
I added some liquidity to the pool so that swap operations can begin and arbitrage bots can function. I will gradually remove the liquidity I added to the pool as other users add new liquidity. I will also be releasing a report specifically for the SHORT token in the coming days. Stay tuned until then.
Great.
!ALIVE
!BBH
!STRIDE
The HBD liquidity pool is one of those things that should get more attention outside Hive. A stablecoin backed by blockchain consensus rather than fiat reserves is actually different from USDC/USDT in a way that matters.
Great! Adding to the other pool to be short in them all.
Hello. As I mentioned above, this pool was opened a bit early. But that's not a problem. It's good for the price stability of the token. Liquidity inflow to both pools might slow down a bit. However, the Cent/Short pool will balance this out.
Hello. Yes, agreed and understood. Thank you.
3,650 SHORT in the pool already? Good start.
Hello. I'm adding a certain amount of liquidity to each newly created Cent project pool. Then I will gradually withdraw the liquidity. This facilitates swap transactions, etc. I plan to provide some liquidity to the pool in the future.
so the rewards from short:cent are reduced?
Hello. As mentioned in the Stablecoin study above, the Cent/Short liquidity pool is included in the study of this study. Therefore, more LP rewards will be added compared to other liquidity pools. In addition, the HBD/Short liquidity pool will continue with an average APR of 25%. Currently, this liquidity pool will follow a more stable course compared to other pools.