Hello. The cent lost some value last week. Therefore, we increased the reward distribution APR to 30% in the Cent Delegations Works. This week, we distributed 15.64 HBD worth of delegation rewards.
We removed the liquidity we added to the Cent/Trade and Cent/Tribe liquidity pools through the @centtoken account. We burned the acquired Cent tokens. (1, 2) New LP rewards have been added to the liquidity pools related to our studies. The current APR is particularly high in liquidity pools containing HBD, BEE, TRADE, and TRIBE tokens. In the coming period, we will transition the BEE and BEED Token Works into a stablecoin project.
As part of Cent Delegation Works, we distributed 12 HBD and 35.4 Hive rewards. 10.742 HP, 18.000 BEE, and 9.600.000 CENT were delegated. The average APR offered for token delegates this week was: HP: 8%, BEE: 10%, Cent: 30%.
Previous report here. Follow @centtoken for the latest news and reports.
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Will you stop the Bee & Beed LPs or will they still run and then just give out a stable coin?
Or did I misunderstand it?
The existing work will continue as is. However, we will also include HBD. We will soon create a Cent/USDT liquidity pool. The BEE/BEED work will expand further.
Alright.
Neat!
CENT/USDT liquidity pool? That's interesting. Is USDT available on Hive Engine?
Thank you very much for the update, it's always greatly appreciated! I look forward to seeing what's next! 😁🙏💚✨🤙
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STOPWhat will be the impact of this on existing liquidity providers of these two pairs?