Hive-Engine Investments Report (February 2024) and Current Account Status

in Cent2 months ago

In a few reports we have shared before, we mentioned that the signals of the bull season for cryptocurrencies are starting to come. We frequently included this issue, especially in the final reports of 2023. And we announced that we unlocked the tribal tokens we staked. With the arrival of 2024, we have focused more on trade and investment transactions at Hive-Engine. We bought back Cent and CentG with some of the revenue we earned. We reinvested the remaining part. And we tried to rent more HP. Let's look at the results of the transactions in February.

  • We have 400 Hive/Swap.Hive and 990 HP. We will do some more power down to increase our capital in Hive-Engine. It has 11,500 HP on lease. We lost some HP due to the suspension of rental transactions on the Dlease.io website. However, we will close this gap by making new leases in a short time.
  • 15 HBDs were transferred to HBD Savings. We think the interest rates are extremely high. This high rate of HBD interest is a big problem for the Hive price and the future of Hive Coin. However, we will continue to benefit from this opportunity as required by the competition.
  • 50 Drip staked. Apart from trading transactions, Bro, Index, Dhedge etc. We started looking into passive income tokens.
  • We did not include a few tokens in this list because trading continues momentarily. At the same time, we did not include orders added to liquidity pools and token markets to the list.

We added some of the income we earned from Hive-Engine investments and trading transactions to the HBD/Cent pool as LP rewards. The APR on the Cent/CentG liquidity pool remained very high. The APR rate in this pool should not disrupt the balance in other pools. And there is an expectation of more liquidity in the HBD/Cent pool. Added rewards; 25000 Cents and 10 HBD. Current APR on HBD/Cent pool is 177%. The liquidity ratio in liquidity pools is constantly increasing. However, we still could not reach the expected liquidity level. We will publish a liquidity pools report in the coming days. Follow this account for new announcements and news.

Sort:  

all the best my friend.
and thank you very much for the hardwork. I hope that Cent well come back to its design price in this bulllrun.
we have endured the long winter time, it is time to thrive. : 0

Post voted 100% for the hiro.guita project. Keep up the good work.

New manual curation account for BEE and Cent

Good to know that you are also staking $DRIP.

Congratulations @centtoken! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You received more than 4000 upvotes.
Your next target is to reach 4250 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

Rebuilding HiveBuzz: The Challenges Towards Recovery