Hey All,
I had a good amount of crypto staked on the Osmosis chain and that too for a very long term. Time has come to say good bye and move the funds over to one of my favorite blockchain which is none other then #HIVE...Yes, the plan is to move all the funds here on HIVE platform. Its not that, I am moving funds from Osmosis for the first time. But this is the last reaming pool which is OSMO / ATOM for which action had to be taken. I did initiate the unstaking like 8 days ago and still need to wait for another 6 days before the funds are available for use.
No doubt about the earnings here on the Osmosis chain. Yes I did earn quite a decent amount of money but now I thought of consolidating and building major stake here on #HIVE. My journey began with staking over 50 $ATOM, which, in turn, rewarded me with an equivalent amount of stATOM. Subsequently, I extended my involvement in the DeFi sector by offering liquidity for the $ATOM - stATOM pair on Osmosis, specifically in pool #1103 and then started exiting slowly after booking decent profits. So what is coming Next?
My Strategy Ahead - Buliding Stake in Liquidity Pools #HIVE
Well have a look at the above graph - which showcases my position in liquidity pools here on #hive. Nice and steady uptick and at the moment the total investment is around $6.4K+ and continues to grow on a daily basis. The reason behind is that, I am redirecting all the rewards back to the liquidity pool. My long term plan is to build my liquidity position and bring the total investment to $10K+ mark - that's the ultimate GOAL here and for that reason consolidation taking place and moving funds from #osmosis to #hive. Are you building your stake here on the HIVE platform? Selling Vs HOLD - second layers tokens #HIVE? Which is your favorite liquidity pool? Right now my focus have been in building stake in CROP/SWAP.HIVE LP here is the current position with $1.2K+ invested so far.
My short term goal here is to build the stake of at least $2K+ dollars and then let it grow from there. The rewards here is associated to earnings in terms of #hive daily and the CROP POWER which has to do with the game dCrops cutting the story short the CP allows me to receive more rewards in the game in the form of chests - which is nothing but the ingame assets that can be traded for #hive too. That's all about it on my plans ahead to building my position in Liquidity Pools and the strategy to build it further there is no stoppage whatsoever...cheers
Have Your Say on Liquidity Pool on Osmosis Chain - #HODL Vs #Exit...
Did you explore the Osmosis Zone Pool #1136 for Atom/stAtom? What are your thoughts on Liquid Staking on Stride Platform? Do you plan to exit any of the pools on Osmosis chain? Let me know your thoughts on the comment box below?
Exited OSMO / ATOM Pool On Osmosis Chain - My Strategy Ahead - Moving funds from #Osmosis to #HIVE...
#strd #rewards #stake #statom #defi #staking #atom #osmosis #liquidity #hivepool #beeswap #tribaldex #dieselpools
Best Regards
Image Courtesy:: leofinance, osmosis, pro canva, beeswap, tribaldex
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers
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Good exit while bull run seems to be here. We need to prepare ourselves to take some profits if planned so in order to prove crypto is a true earner.