Hello friends. I hope you have a peaceful and successful year. Economically, we will feel like 2023 is continuing in the first half of the year :) However, I hope we will start to see positive changes starting from the second half of 2024.
Let's get to our topic; We announced that we started investing in Hive-Engine in May 2023. Initially, we published weekly reports. Then we started publishing monthly reports. This report will include data for both December. We will also evaluate the year 2023. Using the @centtoken account, we invest in Hive-Engine tokens that we think will increase in price. We also carry out market-making transactions in tokens that can create value in areas such as farming and liquidity pool returns, even if the price remains constant. We provide liquidity to liquidity pools. We reinvest some of the income generated. We are buying back Centg with some of it. We add some of it to the Hive/CentG liquidity pool as a liquidity provider reward.
- The HP of the account reached 1100. We delegated 1000 HP to @zingtoken account. There are 24,720 leased HPs. We spend an average of 250 Hive per month on new rentals and existing delegations.
- There are 130,000 Cent Tokens staked. Our strategy until December was to keep as few Cents as possible. We will now work to increase the voting power of the account. Considering the Cent price over the last six months and its stability despite the bear season, there is no harm in buying and investing some Cents.
- We added some liquidity to the Hive/Zing liquidity pool. We earn an average of 1 Hive worth of rewards per day. More than half of the revenues generated are added to the Hive/CentG pool as rewards.
- We have been making market making transactions in the Hive/Cent market for a long time. We will now focus on the Hive/CentG market. Previous transactions were carried out only on the purchase side. From now on we will start entering market making orders in both directions.
- As a result of Hive-Engine operations, we added 28 HBD, 90 Hive, 30 Leo, 7200 POB and 4760 Zing to the Cent pools. We do not take into account Cent, CentG and small amounts of tokens added as rewards.
We made an update so that 50% of the rewards in the reward pool will be staked and 50% will be distributed as liquid. We continue to keep the reward distribution APR rate in Cent's liquidity pools high. We aim for high liquidity, especially in the Hive/Cent and HBD/Cent pools.
We suspended active transactions until last month. We just kept investing. On Hive-Engine, liquidity and transaction volume will increase considerably due to the start of the bull season. Therefore, we will start trading more actively.
We are experiencing issues with Cent's front end due to an issue with the domain server. However, this situation will not last long. We decided to move Cent's front end to an upgraded version, 'outpost'. We need to save about 2500 BEE and sort out other issues. Please be a little patient.
Related content;
https://peakd.com/hive-173575/@centtoken/hive-engine-investments-begin
I think this answers your question @greywarden100.
All the best guys, and thank you very much as always for your hard work to the token and also to the community.