SWAP.HIVE:SIM Liquidity Pool Rewards

in #dcity3 years ago

About Dcity

Dcity is a mathematical and trading game based on non-fungible tokens available on Hive-Engine. Players build their own cities with tokens representing buildings, citizens, technologies, and earn income in the form of hive (based on ranking) and SIM token (based on city income). There are also cards that players can get only from playing the game like technologies, backgrounds and prevention cards.

SWAP.HIVE - SIM pool on engine

Dcity players now can find the new swap option in the menu which gives access to Swap.Hive:SIM Liquidity Pool, built on hive-engine. Players can buy or sell SIM, or provide paired liquidity to earn rewards.

Liquidity rewards should be around 1-5M SIM monthly, in the future, it is most likely that this will be a presidential decision through a micro-tax mechanism, for now it is set to 1M SIM monthly.

For every day in the pool providing liquidity, users will receive a 10% bonus to rewards shares, up to 300% (30 days per round). This feature is just being tested currently and may not be a part of future rounds, and will reset at the end of the period.

SIM power( 30 days average user SIM holdings) is accumulated from pooled SIM. This way your pooled SIM will also earn holding rewards, increasing the overall benefit for liquidity providers and holders.

Come visit us in our Discord if you have any questions or feedback!

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So, even if I swap half my Sim holding to HIVE and put it in the pool, I'll continue to get around half of my previous holding reward (even a bit more, considering it's a 30 day floating average), and I'll get around 42% APR on the pooled SIM-HIVE ?

Seems like a great deal to me, moreover if it helps dCity growing !

Great development guys!

I just added a tiny amount of liquidity because I could.

Let's see where it takes us.

Posted Using LeoFinance Beta

Been adding liquidity for quite a few days now. Excited to see the rewards value go up


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Updates baby!!

Great ! I was providing liquidity since few weeks ! Happy to see things changing !!
!PIZZA

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This is a sweet use case with nice incentives, I've jumped into the pool to see how it plays. Do the LPs on TribalDex suffer from Impermanent Loss as well?

I've got 8k in the pool since a few days and held some sim (at least more than 0) for quite some time. For some reason I'm always at 0 SIM power though.

Is there a threshold minimum before it shows anything or is my city bugged?