TRADE and TRIBE Token Weekly Report 9.5.26
Hello again. Tribe and Trade operations are now managed by the @balina account. In the past few weeks, we distributed the remaining rewards in the Hive/Trade and Hive/Tribe liquidity pools and restarted the reward distribution period. This week, we did the same for the Cent/Trade and Cent/Tribe liquidity pools. Our aim in doing this is to prevent the overdistribution of Cent, Tribe, and Trade tokens in the long term.
Current status of the @balina account:
Stakes include 29 HP, 122 BEE, 225,000 CENT, 950,000 POB, 1,009,000 VYB, 757,500 SPORTS, 735 BBHO, 51,735,000 PEPE, and 7,286 NEOXAG. Currently, we have 137 Hive, 11,800 Cent, 6,000 Pob, 71 Leo, and 100 Short in liquid form. We delegated 225,000 Cent, 750,000 Pob, and 750,000 Sports to @centtoken. This week we earned 13.4 Hive worth of delegation rewards.
The current situation in the liquidity pools is as follows:
Tribe Token Study:
Hive/Tribe
Liquidity: $477
Weekly volume: $195
APR: 17.9%
Cent/Tribe
Liquidity: $209
Weekly volume: $71
APR: 13.7%
Trade Token Study:
Hive/Trade
Liquidity: $247
Weekly volume: $215
APR: 23.2%
Cent/Trade
Liquidity: $336
Weekly volume: $147
APR: 17.5%
I added some liquidity to the Cent/Tribe and Cent/Trade liquidity pools with my personal account. The @anadolu account does not receive LP rewards from these pools. Token sales are not conducted in Trade and Tribe activities. Therefore, we will maintain the necessary liquidity for buying and selling tokens in the Cent pools. The @balina account will continue trading, market making, and curating operations on Hive-Engine. We have added the rewards from the aforementioned distribution operations to the Hive/Trade and Hive/Tribe liquidity pools. The APR rate in these liquidity pools may be slightly low initially. As previously mentioned, the Cent/Tribe and Cent/Trade liquidity pools will offer a return in the 25%-50% APR range. We will be adding more rewards to the pools shortly. The tokens will become particularly attractive for providing liquidity in the Hive pools. Until next time, stay tuned.