Current Situation in Cent Liquidity Pools (September 2024)

Hello dear Cent Community. The price and volume of cryptocurrencies continue to be stagnant. This situation also greatly affects Hive-Engine tokens. The trading volume in Cent's liquidity pools has also decreased slightly compared to previous months.

• Liquidity inflow in the Cent/BTC liquidity pool has stabilized. APR is almost the same as last month.
• There is an increase in liquidity in the Cent/Bee liquidity pool. There was 3984 Hive worth of liquidity last month. There is 4257 Hive worth of liquidity this month. The pool has surpassed the Cent/BTC liquidity pool in terms of liquidity. The reason for this may be; When the Hive price loses/gains value, the Hive-Engine token that reacts the fastest is BEE.
• There is an increase in liquidity in the Cent/Pob pool. There was 1685 Hive worth of liquidity last month. There is 2173 Hive worth of liquidity this month. Therefore, the current APR has decreased from 97% to 80%.
• While the trading volume increased in BEE, LEO and POB liquidity pools, it decreased in HIVE, HBD and BTC liquidity pools. This may indicate that users' interest in Hive-engine tokens has increased.

NOTE: Until last month, we were publishing the liquidity amount in the pools on a Hive basis. However, the volatility in the Hive price can cause statistics to be incorrect. It can also manipulate the trading volume data. Therefore, starting this month, we will start publishing the liquidity amount in dollars. We get liquidity and APR data from BeeSwap and trading volume data from Tribaldex.

• Hive/Cent liquidity pool has 2168$ worth of liquidity. $1973 worth of trading volume in the last month. Current APR in the pool is 50%.
• HBD/Cent liquidity pool has 994$ worth of liquidity. $693 worth of trading volume in the last month. Current APR in the pool is 59%.
• Cent/Bee liquidity pool has 748$ worth of liquidity. $380 worth of trading volume in the last month. Current APR in the pool is 47%.
• Cent/BTC liquidity pool has 741$ worth of liquidity. $478 worth of trading volume in the last month. Current APR in the pool is 68%.
• Cent/Leo liquidity pool has 615$ worth of liquidity. $438 worth of trading volume in the last month. The current APR in the pool is 51%.
• Cent/Pob liquidity pool has 381$ Hive worth of liquidity. $394 worth of trading volume in the last month. The current APR in the pool is 80%.

We have a new liquidity pool. Starting this month, we will also start providing data from the Hive/Trade liquidity pool. Hive/Trade liquidity pool depends on Hive-Engine Investments operation. Therefore, we will present data independently of the above list. The pool was created yesterday. There is $33 worth of liquidity in the pool. The realized trading volume is $5.5. Current APR is 207%.

Previously, we were adding a portion of the income from the Hive-Engine Investments study to the HBD/Cent liquidity pool as a reward. From now on, we will add a portion of the income from the said study to the Hive/Trade liquidity pool. Therefore, while the APR in the HBD/Cent liquidity pool will stabilize, the APR volatility in the Hive/Trade liquidity pool will increase slightly. However, the direction of this volatility increase will be upwards as there is a continuous reward inflow.

Previous liquidity pools report here. Follow @centtoken for up-to-date news and announcements.

Posted Using InLeo Alpha