Pooling LEO on Hive DeFi - The SWAP.HIVE:LEO LP
With BXT rewards now on offer, pooling LEO on Hive DeFi via BeeSwap becomes a lucrative option.
For those looking for the highest APR on their LEO, the launch of BXT rewards on the BeeSwap Hive DeFi platform, means there’s an intriguing new option available.
While there have been some minor token rewards allocated to the CENT:LEO LP, the risk of pooling your precious LeoFinance (LEO) against an extremely risky asset like CENT is too much for many.
Let me introduce the SWAP.HIVE:LEO LP.
The SWAP.HIVE:LEO LP
With a current BXT reward APR of 122.251% on the SWAP.HIVE:LEO LP, you not only have the relative safety of pooling against an asset more likely to rise alongside your LEO.
But you also receive an extremely attractive APR in a token with further potential earning potential if you choose to then stake what you receive.
With a BXT APR of 122.251% on this particular pool, its current returns even trump the 85% APR on offer in the Cub Finance BSC bLEO:BNB LP.
In the midst of an overall crypto bull market, the numbers show that LEO investors have been happy to pool their assets alongside BNB due the prospect of both increasing in price together.
Now with the option to be rewarded for pooling your LEO against our very own native HIVE, Hive DeFi now offers a genuine, lower-risk LEO pooling alternative to the Cub Finance pool.
Final thoughts on pooling LEO on Hive DeFi
Your decision on whether to pool your LEO on the BeeSwap Hive Defi platform will ultimately come down to whether you believe the BXT APR will be greater than the losses you could incur if the price of either side of your LP ran away from the other.
At the end of the day however, this is just a part of DeFi that you’re going to have to accept if you want to put yourself in a position to earn.
If you’re extremely risk-averse, there is always the option of stablecoin farming, but of course, the rewards just aren’t the same.
In my opinion, pooling LEO with HIVE offers an intriguing new option because I’m happy no matter what the price of any token does.
Like so many of you here, I’m in accumulation mode and by continuing to add to the pool, it can simply be viewed as dollar cost averaging across each.
The SWAP.HIVE:LEO Hive DeFi LP offers some food for thought at the very least.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment on what you think about pooling LEO on Hive DeFi. All comments that add something to the discussion will be upvoted.
This Hive DeFi blog is exclusive to leofinance.io.
Posted Using LeoFinance Beta
