We have added a new token to the reward pool
Today we have added a new tokens to the reward pool which is linked to the LEN:LENM diesel pool. Our initial plan was to add all the tokens of our secondary income sources to the pool but we have realized two problems:
decrease in value of added tokens
Both LEN and LENM tokens are closely linked to the value of hive. Most of the other tokens that we are curating and accumulating are not. If hive goes up, the value of the rewards goes down and thereby also the APR for liquidity providers.
the tokens in the reward pool are blocked
When trying to add tokens to the reward pool, we realized that these tokens would be blocked for a big amount of time. During all this time, these tokens can't generate curation rewards. We were therefore a bit reluctant to put more money into the reward pool.
The perfect solution
We have found a solution with a token that is directly linked to hive because it corresponds to a tokenized hive account. In addition to that this token profits from the curation and author rewards that the underlying account is generating. It grows therefore with the speed of a hive account that is leveraged by delegations. At the moment the APR of this token is close to 69%... I've needed a lot of time to realize the potential and I should have seen that earlier because I have created the token I'm talking about...
I'm speaking about the CTPSB token that most of you probably know already. If you want to learn more about this token, you can check out the website.
From now on, we will use a percentage of the income from the tokens of the secondary sources and purchase CTPSB with them. By adding CTPSB tokens to the reward pool, the money inside the pool will continue to be at work and everybody will get higher rewards in the form of a token that is indexed to the hive value.
Liotes
A project run by @ph1102 and @achim03
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