You are viewing a single comment's thread:
RE: Cent/Sps Liquidity Pool and LP Reward Distribution Active
I can barely keep up with all of the pools that you're creating, though I'm definitely trying! for now at least, I've removed liquidity from the CENT:SWAP.ETH and CENT:SWAP.USDT, until their backing assets are restored or recovered. I'll add some to this new pool as soon as I'm able. 😁🙏💚✨🤙
0.00022690 BEE
We can say that the event of creating new #HiveEngine liquidity pools itself already helps the Hive platform, as it helps increase the price of the HIVE token (by indirectly burning them). 🤔😎
Such HIVE tokens are swapped for BEE tokens which are then burned 🔥 upon creation (or upgrade) of a Hive Engine liquidity pool that requires at least 1,000 BEE tokens. 😎😏
Well, it definitely burns BEE tokens, but the SWAP.HIVE from which it's often, though not always, swapped, remains intact. As an example, the BEE that I'll be using to cover our portion of the creation of the soon-to-be ALIVE:LBI pool will come entirely through curation, since @aliveandsocial has 20.4k+ staked BEE, so it accumulates rather quickly. 😁🙏💚✨🤙
Until the situation regarding Swap.ETH and Swap.USDT tokens is resolved, we will not interfere with the Cent pools created for these tokens. Hopefully, the situation will be resolved soon. Expectations are high for the SPS pool. I expect at least the same performance as the HBD and BEE pools.
I understand, and at least there are several other great CENT pools from which to choose. Indeed, I imagine that this new pool will do quite well, especially with DEC and SPS as rewards. 😁🙏💚✨🤙