Rewards for PKM:SPS Liquidity Pool & My Strategy...

Hey All,

There has been an announcement from the peakmonsters team around the new rewards for the PKM:SPS Liquidity Pool and there is approximately $114 per of rewards on grab for a course of 120 days. If you want to be a part and earn some rewards in the form of tokens which are SPS, VOUCHERS and PKM all you need to do is provided LP for the token PKM:SPS.

I have been providing liquidity to the PKM:SPS Pool from day ONE on Beeswap portal. And as seen from the above image you can see my current share in the pool which is around 0.868% and this share gets me around $2+ of rewards daily; sweet isn't it? 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 100K+ of PKM tokens. There is still a long way to go as I need another 12K+ of PKM tokens to be added to the LP pool. Which, I am quite confident off that I should be able to get there in a months time frame.

PKM Token Dynamics...

A bit around PKM token dynamics and as seen from the above image there would be only 500 Mil. PKM tokens in existence; which I feel is a decent amount tokens to be in circulation and can be easily observed by users, investors and other folks. The other aspect of the PKM token supply is to see the Airdrop number which is 75% of the token supply; which in itself is quite interesting. People would be airdropped PKM tokens based on the purchase of cards made through PeakMonsters website. The more activity the users have, the more PKM tokens will be Airdropped. Check out the full details on the Airdrop procedure Here - HOW TO GET PKM AIRDROPS?

My Strategy with PKM token...

At first, I would like to admit the fact that, I am a huge fan of SPS token, which is the governance token of Splinterlands game. I had a quite a lot of SPS tokens in hand and hence it became easy to LP into the PKM::SPS pool as I needed to buy in PKM tokens only. As stated above, I want to be in a position to keep accumulating PKM tokens and the best way so far I can see is via entering the LP pool and keep building your stack. Hence, the same strategy, I would be applying wherein I would be routing my daily rewards from the LP back to the PKM::SPS liquidity pool.

There was a time, during the first round of LP pool of PKM with SPS where 1 SPS swap would get you close to 10 PKM tokens and now this has reduced to getting you only just less than 4 PKM tokens. So you see that the PKM token is getting much stronger. Hence the point that I want to make here is that PKM token price has very price stable when compared to SPS itself and has come out be a bit more stronger. As at current swap levels you just get close to 4 PKM tokens for 1 SPS and whereas earlier we were able to get 10 PKM tokens; so those days are gone and this is going to get much better as more things unfolds here at peakmonsters. 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... :-)

Image Credits:: peakmonsters, beeswap

Best Regards

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