Current Liquidity Pools Strategy

Two days ago, we published an update regarding the SHORT token. We also released an update on the HBD, LBI, ETH, and USDT pools. In some cases, users are asking which liquidity pools they should provide liquidity to or what they should do to earn CENT. In this content, we will discuss our current LP reward distribution strategy for Cent and our other projects. We will also share an example list of which liquidity pools you can use to obtain the token you want to accumulate more of.

  • While continuing to run the Cent Project, the liquidity pools we strategically prioritize the most are, in order:
    Hive/Cent, HBD/Cent, Cent/BTC, and Cent/Sps.
  • In the TRADE, TRIBE, SHORT, and CENTG studies, we have started to place more emphasis on the liquidity pools of the respective tokens with HIVE.
  • Bee, Pob, Leo, etc. We find it more convenient to accumulate tribal tokens and distribute them in the Hive/Tribe liquidity pool. At the same time, we want to primarily distribute tokens such as BEE, BEED, SHORT, SPS, etc., which we continue to trade or market-make, in the Hive/Trade liquidity pool. In addition, we will not make any changes to supporting liquidity pools such as ATX, LBI, etc., created in collaboration with other projects.

Now, let's look at the liquidity pools where you can earn the tokens you want:

  • To obtain CENT, go to the Hive/CentG, Hive/Cent, HBD/Cent, and Cent/SHORT liquidity pools, respectively.
  • To obtain Hive, go to the Hive/Cent and Hive/Trade liquidity pools, respectively.
  • To obtain HBD, go to the HBD/Cent and Hive/Trade liquidity pools.
  • To obtain Bee, Pob, Vyb, Sports, Pepe, etc. To obtain Tribe tokens, you can provide liquidity to the Hive/Tribe liquidity pool.
  • To obtain the SHORT token, you can provide liquidity to the Hive/SHORT and Hive/Trade liquidity pools, respectively.

Below, we will share a few visuals regarding the current volume status of tokens in the Hive-Engine. Due to the regular devaluation of Hive, etc., tokens in the Hive-Engine are also significantly affected. Cent's liquidity is also spread across various pools. Extreme volatility occurs when a large amount of buying or selling transactions take place in the token. Therefore, we want to collect liquidity as much as possible in the HBD, Hive, BTC, and SPS liquidity pools. We will make these pools more attractive in terms of APR offering. We have decided to distribute the rewards of the ongoing work in the Hive pools of the relevant tokens. During this process, rewards may be distributed in some pools and LP reward distribution may be suspended. For example, we have stopped reward distribution in the Cent/ETH and Cent/USDT pools. Similarly, we may continue distributing rewards in some pools while temporarily suspending the initiation of new reward distribution periods.

For these reasons, we recommend that you gradually begin providing liquidity to the Hive/Cent, HBD/Cent, Cent/BTC, Cent/SPS, Hive/SHORT, Hive/Trade, Hive/Tribe, Hive/Centg, Cent/Lbi, and Atx/Cent liquidity pools. Previously, when publishing data on liquidity pools, we also shared the current APR status. From now on, when publishing weekly reports, we will gradually begin publishing data on liquidity, volume, and APR in the liquidity pools. Follow @centtoken for more up-to-date news and reports.

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