PKM:SPS Liquidity Pool - Did you check the recent rewards & APRs.. My Strategy with PKM:SPS LP
Hey All,
First thing First - What is PKM token? In case you are not aware of the PKM token, then let you tell you that - PKM is a utility token on Hive-Engine and is distributed to PeakMonsters users as a Reward. Also there are many ways of receiving PKM token and one such is providing liquidity for the PKM:SPS Liquidity Pool. Recently there has been an announcement from the peakmonsters team around the new rewards for the PKM:SPS Liquidity Pool and there is approximately $14.5k dollars to be distributed over a course of 120 days. Check the announcement here - New Rewards for PKM:SPS Liquidity Pool
PKM:SPS - START OF NEW POOL
What I like this time we have SWAP.HIVE also being distributed as a reward token. Here is the list of all tokens which are being distributed for providing PKM:SPS Liquidity.
- 833k PKM
- 160k SPS
- 2.69M DEC
- 2.75k VOUCHERS
- 4.7k SWAP.HIVE
A point to note here is that PKM:SPS has one of the best APRs across various Splinterlands related liquidity pools.. This is not the first time that I am providing liquidity to this pool. But have been here from the day 1 when PKM:SPS LP started. Check here my current status::
Till date, I have been pooling in all my PKM and SPS rewards to the LP pool and have been trying to get to a point where I have 150K+ of PKM tokens. There is still a long way to go as I need another 30K+ of PKM tokens to be added to the LP pool. Which, I am quite confident that I should be able to get there in coming months - probably by the end of this year, 2022. I am getting close to $4+ daily as rewards. All these rewards are being redirected in the LP pool itself. Ideally what I am doing is all the PKM and SPS daily rewards gets added to the PKM:SPS LP. A bit on the PKM token dynamic...
PKM Token Dynamics...
There would be only 500 Mil. PKM tokens ever minted. And most of it is going to be Airdropped i.e. 375 Mil. to users of the PeakMonsters.com marketplace. Check the details on the PKM token dynamics here - HOW TO GET PKM AIRDROPS?. Precisely the more sales a user does on peakmonsters.com will result into a larger Rewards given to users in the form of PKM tokens. Frankly speaking I didn't do many purchases on the peakmonster portal and hence didn't get much of the PKM Airdropped. But what I did instead was entered the PKM:SPS pool and am earning daily LP rewards. And all these daily rewards gets redirected further. When $SPS was trading below $0.04 cents, I also took this opportunity to swap PKM for $SPS; just to further increase my stake in $SPS. I did also like to call out as to another reason why I prefer to be invested in PKM:SPS LP. Just imagine we see $SPS go crazy and having all the $SPS staked isn't going help you to leverage the sudden spike. Therfore, if in near future we have the bull for $SPS return then I am going to leverage in $SPS in this pool to book some profit... hopefully that day would come for all of us ONE DAY...
Finally, as stated by the peakmonster team there are more things lined up for the PKM token utility as there would be new premium products coming in that would benefit PKM holders directly and they could even get discounts on the premium products. So looking ahead for a bright future the PKM token and its HOLDers... :-)
My Strategy with PKM:SPS LP
Image Credits:: peakmonsters, hive-engine
Best Regards
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