Providing liquidity in the LEO:ONEUP pool

Liquidity Pools on TribalDex are sweeter and sweeter and they are offering high APR% which you simply cannot resist. The LEO:ONEUP pool had around 300% APR at some point, but maybe even more at launch. At the moment the pool offers an APR of 232.243% which is more than decent and is spawning in the next 90 days.

First of all, I needed to power down some of my LEO in order to match the liquid ONEUP tokens that were standing in my wallet. I ended up pairing 1198.614 LEO tokens with 7934.3 ONEUP tokens which enticed me to 3.238% from the Pool. As a result of this, I should get around 106.307 ONEUP on a daily basis which is worth about $2.64 at the current market price. On top of that, the pool offers a daily bonus of 1% which should boost up my earnings for the remaining 90 days, reaching +90% on the last day.

My plan is to stash all my earnings until the pool incentives are depleted and at that point balance both my LEO and ONEUP stakings with those. Probably I will buy a little bit of LEO in order to grow my stash on that, but first to reach my target for ONEUP which is to get to 10,000 ONEUP tokens. In the end, I will try to split the earnings between these two assets as I quite value them both and appreciate the projects behind them.

Now if after the 90 days period the LP will still be incentives probably I will continue to stay in it. At the same time if other better opportunities would come meanwhile (like PolyCUB launch and pLEO pool with considerable initial returns) I might move some funds earlier than anticipated. But as I will let the power down continue for my LEO probably I will have the required tokens to do that as well.

In the end, a question for you - are you in any Liquidity Pool on TribalDex or intend to get involved in the current form of DeFi on Hive blockchain?

Posted Using LeoFinance ^Beta