Teamwork .:. WorkerBee PH-Pool Week 111
Just a short explanation about this pool as I think that it can be confusing about what it is and what are the possible risks of being part of it...
First of all, it is NOT a liquidity pool as you are not "investing" two different tokens into it, so there is no "impermanent loss" connected to it... I know that it can be confusing as it is a "POOL", but it's a different kind of pool... That name is used as it contains separate delegations (NOT DEPOSITS) of WORKERBEE tokens, which all together work on the same goal... To mine BEE tokens...
Why create a pool for such a thing? The thing with mining on Hive-Engine is that it's "lottery-based", which means that if you have MORE WORKERBEE tokens staked, your probability to mine tokens REGULARLY is bigger than if you have just a few... That doesn't mean that you will NEVER mine BEE tokens if you have just a few, it just means that you will get them more rarely than if you have a lot... In the long run, the APR for mining tokens if you have a lot, or just a few, will come to the balance...
By participating in this pool, you will get regular payments every week... It doesn't matter if you have delegated 0.1 WORKERBEE or 1000 WORKERBEE... In both cases, you will receive your "cut" according to your % in the pool... There are no additional fees and delegators receive 100% of the mined tokens...
There is one difference with mining "through" this pool... On top of the mined tokens, delegators receive also BEE tokens from my author rewards from my personal posts (like this one, and other posts' BEE earnings during the week), and additional BONUS tokens which are different every week!
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There were some changes in the prices of both tokens that we are "connected to", so the current APRs are greater than the week before, despite the fact that we have mined fewer tokens...
Back to the report numbers!
This week we got another new member! A warm welcome to @justclickindiva! She had a few questions regarding delegation and staking, but all that is sorted out!
As usual, we got some new delegations from old wolves! Thanks for your support! This week we have mined 123 tokens in total!
This POOL doesn't have fees and you get up to 20% MORE by delegating to it!
What about the bonus tokens?
For the first time, after more than two years of running the pool, I have decided to give away tokens from my project on HIVE! I suppose that some of you know that I'm a co-owner of the @liotes project which I have built with @achim03... We are running it for over 2 years and we have created an awesome community and vibe around it... If you want to find more details about the project, I will suggest you check the whitepaper! If you have any questions, you can also leave them in a comment on this post...
There will be distributed 100 LEN tokens to the delegators of the pool as a bonus reward today!
As always, in the end, let's give the exact numbers for this week... There will be distributed 123 BEE tokens and 100 LEN tokens as a bonus... The APR (without the bonus) was 6.690%, and when we added the bonus it went up to 7.814%!
I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get the portion of mined BEE tokens and BONUS rewards!
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here
Thank you for your time,
ph
If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...
Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
You can also find me on LEO Finance .:. Twitter .:. Odysee
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