1 month left in the SWAP.HIVE : THGAMING Liquidity Pool. Average APR: 323.5%
The SWAP.HIVE:THGAMING LP
It is @THGaming's intention to soon create a long term SWAP.HIVE : $THGAMING Liquidity Pool on Hive-Engine (Tribaldex). However, since we currently manage one 100-Day LP, we have been offering particularly attractive token rewards for our flagship $SWAP.HIVE Pool.
With only 30 days left and one more Reward Pool Boost scheduled, the APR % is likely to remain high for the duration of this Pool. Liquidity Providers will appreciate this, I'm sure.
Beeswap is a Front End of tribaldex.com/dieselpools/pools
BeeSwap - https://beeswap.dcity.io/swap?pools&search=THGaming
Reward Pool Value - $2 593 Average APR: 323.284% Next rewards in 23 hours Rewards end in 30 days
Below you can see the Daily Reward tokens distributed to liquidity providers in the LP. Thanks again to @pimptoken and @psyberx for jumping in on our Pool Rewards and helping to maintain one of the Highest earning LP's on Tribaldex right now.
Tribaldex - https://tribaldex.com/dieselpools/pools
We are currently in talks with a large, established Tribe about a Liquidity Pool collaboration. If the partnership goes forward, this new LP would (likely) only be created after our current $SWAP.HIVE Pool ends.
What is a Liquidity Pool (LP) and why should you care?
A 'Liquidity Pool' offers Liquidity to a pair of Tokens by providing a Swap Pool (smart contract) where two or more Tokens can be traded off of the open market.
The Token swap prices in the LP vary if one Token is being 'swapped for' more than the other, and this volatility enables traders to purchase Tokens at reduced price. As with all trades there are risks involved and it is important that you thoroughly research every Token and trading strategy before making any purchase / swap trade.
DEFINITION : A Liquidity Pool can be thought of as a pot of cryptocurrency assets locked within a smart contract, which can be used for exchanges, loans and other applications. In traditional finance (Centralised Finance or CeFi), liquidity is provided by a central organisation, such as a bank or a stock exchange. - If you would like to learn more about LP's please read this excellent Blog Post by Alejandro Gutierrez - Operations Lead at Defactor
ABOVE - TribalDex has recently updated their Diesel Pools Front End
How to Trade / Swap Tokens in a Liquidity Pool
LINK - Beeswap Front End
I like using the beeswap.dcity.io/swap Front End when adding liquidity or checking on LP Pool rewards, as it has detailed information displayed in each Swap Pool.
Here is a very quick explainer, with pictures, to show how easy it is to use the BeeSwap Pool. Always check the Open Market Price on TribalDex as you may be able to pick up the same Token at a cheaper price.
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Select Token in wallet to trade with.
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Select Token in LP to Trade for.
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Select Price Slippage amount.
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Hit 'Swap' at the bottom to complete the trade.
Impermanent Loss and the Risks of LPs
Using Liquidity Pools can be a very lucrative way to HODL your Cryptocurrencies as LP Providers are often given attractive rewards as incentive to keep their Tokens in the Swap Pool. However like any investment there is some risk, most notably through Impermanent Loss*, so please be sure you are confident in the Tokens you HOLD before offering them in a Liquidity Pool.
What Is Impermanent Loss?
- Impermanent loss describes the temporary loss of funds experienced by liquidity providers because of volatility in a trading pair. - Full Coinmarketcap Explanation Article here.
Whether you are an LP Provider, Swap Pool trader or thinking of creating a Liquidity Pool yourself; please invest carefully and remember that the entire crypto industry is volatile by it's very nature. Bitcoin is currently on the rise but there is always another correction around the corner, and when that happens the smaller altcoins tend to suffer. However, with risk comes reward and I highly recommend that you research LPs and other passive income generators.
Trade safely, Game hard!
THE END
If you would like to join @THGaming and explore the #metaverse with us, our Social Media links are below.
Official THGaming Social Media Links:
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