This week, we distributed 15.1 HBD worth of rewards as part of our delegation efforts. Cent Token dropped to a price of 0.0015 HIVE this week. Due to this devaluation, we maintained the APR for Cent delegation rewards at 30%. The price is currently 0.0018 HIVE. We intend to maintain the current APR as long as it remains below the 0.002 HIVE price.
This week, we burned 400,000 CENT tokens. We obtained these tokens from the liquidity we provided to the Cent/BEED liquidity pool. We added the obtained BEED tokens to the Cent/BEED liquidity pool as LP rewards.
As part of Cent Delegation Works, we distributed 11.8 HBD and 30 Hive rewards. 9.243 HP, 18.500 BEE, and 9.598.000 CENT were delegated. The average APR offered for token delegates this week was: HP: 8%, BEE: 10%, Cent: 30%.
BEE and BEED Token Study.
The current APR in the HBD/Cent liquidity pool is 62.5%. The pool contains $592 worth of LP rewards.
The current APR in the Cent/BEED liquidity pool is 110.4%. The pool contains $270 worth of LP rewards.
The current APR in the Cent/Bee liquidity pool is 72%. The pool contains $285 worth of LP rewards.
Previous report here. Follow @centtoken for the latest news and reports.
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Thank you very much for the update, it's greatly appreciated! 😁🙏💚✨🤙