Hello. We've increased our APR offering to over 100% for our Trade and Tribe campaigns. The current APR in the Hive/Tribe liquidity pool is 101%. The current APR in the Hive/Trade liquidity pool is 145%. This week, we distributed 38.2 HBD worth of rewards as part of the Delegation Campaign. There are 402 BEED tokens waiting to be distributed as LP rewards in the Cent/Bee and Cent/BEED liquidity pools.
The LP reward distribution period for the Hive/Cent liquidity pool will conclude in three days. We will begin adding rewards with the start of the new distribution period. Our strategy for this liquidity pool is to primarily distribute Swap.Hive and CENT tokens. We will increase the amount of Hive distributed as LP rewards as much as possible during the new distribution period. Due to the maximum Cent supply dropping to 100,000,000, we will limit the distribution of Cent as LP rewards as much as possible.
The LP reward distribution period for the Hive/Trade liquidity pool will conclude in approximately one week. This week, we will accumulate as many LP rewards as possible. With the start of the new distribution period, we will strive to reach the current APR offer level as quickly as possible.
Previous report here. Follow @centtoken for the latest news and reports.
Posted Using INLEO
Amazing work as always!
The shift to more hive in the hive:cent pool is combined with the new max supply is very bullish!
Will further increase my positions over the week! Going to be a fun ride!
!PIMP !PIZZA
Many thanks for the update, I appreciate it! I've got some liquidity in the SWAP.HIVE:TRADE pool, but I need a lot more, that's for sure! 😁🙏💚✨🤙
Why is the supply dropping? What outcome do you anticipate by limiting the distribution of CENT as LP rewards?
Hello. The number of Cent in circulation is still around fifty million. However, the maximum supply has been reduced to 100,000,000 Cents. There are deep economic reasons behind the strategy of distributing fewer Cents. But we can explain it simply as follows: Decreasing the number of Cent also reduces the likelihood of their value depreciating.
For example, when the maximum supply of Cent is 1,000,000,000,000, it would be natural to add 1,000,000 Cent as LP rewards to the Hive/Cent liquidity pool. However, when the maximum supply is 100,000,000, adding 1,000,000 Cents as LP rewards to the same liquidity pool would produce an anomalous result. Therefore, we will now prefer to distribute other tokens, such as HBD, Hive, Bee, etc., in liquidity pools instead of Cent. This method will create pressure to increase the value of existing tokens in circulation.
Thank you for the response and the clarification
APR
Hive/Tribe - 101%
Hive/Trade - 145%
I have $22.66 worth of LP position in SWAP.HIVE:TRADE. That's sweet! Thanks!
!PIZZA
!LOLZ
!BBH
!HBIT
$PIZZA slices delivered:
@rainbowdash4l(2/10) tipped @centtoken
axietrashgame tipped centtoken
Come get MOONed!