Telx Exchange Liquidity mining | $TEL-$MATIC | Polygon

Polygon, loving these fees!

Last week I had my first experience on the Polygon network and honestly, I was fan instantly and wondered why I'm always so scared to try a new network when I believe in the project. It would have saved me a ton of fees if I had done so before, but ok, at least I'm there now. I used the Polygon network to buy $TEL & $MATIC in preperation for the announced liquidity mining of TEL on the Telx Exchange website. Just like when I postponed using the Binance Smart Chain, I regretted not taking the step to Polygon sooner as well. When bridging funds with Evodefi bridge to the Polygon network, you get 0.001 Matic every time, which is good for about 50 transactions. Ain't that sweet?

I was looking forward to this liquidity mining option

I haven't been interested much in the mining options besides $CUB to be honest, because I feel there's a rugpull project in every bunch of options out there, and I just don't feel like diving into these options constantly and hoping for the best. Especially not in a market where we experience some deep dives currently. I rather play it safe, meaning, a project that I trust because of the familiarity knowing the @leofinance project from hive already, or in this case, because I feel both $TEL & $MATIC are solid projects that I don't mind holding long term.

No big bag of $TEL left

I have sold my complete bag of Tel recently to pay off the credit card debt, and I don't regret it, as I sold at a higher price. The price hasn't gone up back to that point yet, so that always makes me feel even better when I decide to sell. I do feel a bit sad for not having a big bag of these anymore because it just feels nice to have a few of them, the other one I had was $HOT which is also gone now. I was buying back HOT from the ref fees I received on one exchange, so that bag is slowly filling up again. Slow, but steady. Telcoin wasn't until I heard about this liquidity mining option that would go live today.

$MATIC was my boyfriend's precious

He found it really early by researching and he believed in the Polygon project from the night he found it. He bought them at a few cents only and we held them for a while, until life happened and they were sold. That bag would have been worth a lot now, but such is life. Matic never disappeared from the radar though, and we both agreed, we need a bag of it, so as soon as we can we need to fill it up again.

Simplified portfolio

Taking into account these two projects that I can see myself buying for the longer term, I thought this would be the perfect pairing to step into liquidity mining again. To make it happen, I have sold a few leftover coins that were all not really worth it value wise and I felt a bit distracted looking at a "leftover" portfolio besides a few coins that are staked. I prefered to simplify it a bit and sold them to buy in on both Tel and Matic. I added the liquidity on Quickswap earlier this week, and I was ready for the mining to go live today.

It was a rocky evening and night that followed

As it was not clear what time it would go live, and even what timezone that was (until much waiting had passed), I was on top of the laptop for a long time, honestly just wanting to close it all and go to bed. At one point it was already around 11 pm here, and mentioned it would be late night PST. I did some calculations and assumed it would be early morning here. Where I usually get up at 6.30 to bring the kid to kindergarten, I thought I should set my alarm at 6. My body decided I needed to wake up at 5 as well (ugh), and then every 15 to 20 minutes after that, snoozing alarms at one point, making me sleep through the actual alarm to get up. OOPS.

Luckily I have a 2 hour window to bring her to the kindergarten

I choose to bring her that early because of horrible traffic, making it easier for myself to be home as quickly as possible, so I took 15 minutes to read through Telegram when I woke up. I read that it didn't make any difference what time you'd enter your LP to the site, because it was a daily payment. At that moment I read that I was like, ok I'm going to bring her now, and chill. I thought shit, why did I stay up for it and woke up early. Idiot :) I assumed the process would be similar to when Cub went live.

About an hour after they went live

I finally managed (after 3 attempts and 2 different browsers) to add my liquidity and I was happy it was done. I wasn't too happy seeing that the rewards would not even come close to those early Cub farmers :) let's be honest, even when you believe in a project, you hope to have a little advantage for being early. Oh well, this ain't too bad I thought:

This was round 9.00 AM

As expected, it was dropping quite fast, this was 1.15 PM

An hour later, I dropped below the 2k. At 2.20 PM

I thought, this must be dramatic after the first 24hours have passed. Checked again at 8.06 PM and found this:

I suspect it will drop even lower, with tell below the 2 cents, to me it feels I can do better thins with the 400 bucks in here. I'm better of taking some profits otherwise and buying myself a bigger bag of tel from the profits compared to this low weekly amount. Too bad that the value is down a lot already since buying the coins, so I'm gonig to sit it out until that's going up to find a more lucrative option.

What's your experience on the Polygon chain? Did you already try out some liquidity mining pools? Please leave a comment below if you want to share your thoughts! Thanks for stopping by!

Posted Using LeoFinance ^Beta