Tribaldex Blog

Current Situation in Cent Liquidity Pools (June 2024)

@centtoken61
Cent

Hello dear Cent Community. In an announcement we made a few days ago, we conveyed our predictions and plans regarding liquidity pools. We review the current situation in liquidity pools once a month. There is an increase in total liquidity in liquidity pools. However, changes in the Hive price compared to last month negatively affected the liquidity value in dollar terms. Let's come to the current situation in the pools;

We have 5 liquidity pools. There is approximately $5900 worth of liquidity in the liquidity pools. The total liquidity rate in liquidity pools increased by 15% compared to last month. However, transaction volume dropped 38% compared to last month. There is an increase in transaction volume compared to previous months. However, there was a significant decrease compared to last month. The CentG token, which we liquidated last month, may have been effective in this decline. Because there was abnormal volatility in liquidity pools and the Cent market last month. The liquidity pool with the highest increase in liquidity is the Bee pool. The liquidity pool with the highest transaction volume increase is the Leo pool.

  • There is 12400 Hive worth of liquidity in the Hive/Cent liquidity pool. A transaction volume of $5110 was realized in the last month. The current APR on the pool is 39%.
  • There is 4500 Hive worth of liquidity in the HBD/Cent liquidity pool. A transaction volume of $988 was realized in the last month. Current APR on liquidity pool is 57%.
  • There is 2880 Hive worth of liquidity in the Cent/Bee liquidity pool. A transaction volume of $490 was realized in the last month. The current APR on the pool is 48%.
  • There is 1710 Hive worth of liquidity in the Cent/Leo liquidity pool. A transaction volume of $876 was realized in the last month. Current APR on liquidity pool is 112%.
  • There is 1410 Hive worth of liquidity in the Cent/Pob liquidity pool. A transaction volume of $426 was realized in the last month. The current APR on the pool is 88%.

You can review the current status of liquidity pools last month here. The reward distribution period is about to be completed in Leo and Pob pools. We will restart the reward distribution shortly. Follow this account for new announcements and news.

Posted Using InLeo Alpha

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6 comments
@yintercept64

I prefer to trade my CENT on the exchange.

There appears to be a decent trading volume and the gap between BUY and ASK has been decent. IMHO a health liquidity on the exchange is a better sign than the volume through the swaps.

!WINE

0.00015453 BEE
@centtoken61
(edited)

Thanks for sharing your thoughts. This issue was mentioned verbatim in Cent's white paper. We are trying to increase liquidity and transaction volume as much as possible.

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@isnochys67

Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

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@beerlover64

View or trade BEER.


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@isnochys67

Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

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@beerlover64

View or trade BEER.


Hey @yintercept, here is a little bit of BEER from @isnochys for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

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@kopiko-blanca59

CENT/LEO and CENT/POB liquidity pools seem attractive.

!BBH

!PIZZA

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@centtoken61

The effects of the shakeup experienced during the CentG token liquidation are starting to wear off. In a short time, Cent and Cent's liquidity pools will become more stable.

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@kopiko-blanca59

I like that word, stable.

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@pizzabot58
(edited)

PIZZA!

$PIZZA slices delivered:
kopiko-blanca tipped centtoken
@barski(2/5) tipped @centtoken

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@barski76

I'm looking forward to the resumption of the cent:leo pool :) !LOLZ !VSC

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@visualbot49

@barski has sent VSC to @centtoken

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@lolzbot70

lolztoken.com





What did the grape say when it got stepped on?
Nothing. It just let out a little wine.
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(4/10)

PLAY & EARN $DOOM

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@centtoken61

Thanks for your comment. We will make an announcement but there is no harm in mentioning it here :) We have restarted the reward distribution in Leo and Pob pools.

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@barski76

Thanks, I've already filled up the leo pool a little :)
!VSC

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@barski76

and cent:pob :) !PIZZA

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@centtoken61

Thank you :)

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@barski76

Have a great day too! :)
!VSC

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@hivebuzz74

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