[ENG/ESP] STARBITS:STARPRO Liquidity Pool Now Live for 90 Days with REWARDS! How to Join.

in Rising Star Game3 months ago (edited)

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Spanish Version

Spanish version here

After an initial 30 day test we have now enabled the STARBITS:STARPRO liquidity provider rewards for a full 90 days!

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Earn Rewards

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We have put in an initial allocation of

  • 270 SWAP.HIVE
  • 5718 ONEUP
  • 330 PIZZA

into the pool of which 1/90th will be paid out to liquidity providers each day along with a share of the pool swap fees.

The eagle eyed among you will notice that there is only 269 SWAP.HIVE above. What we didn't realise is that the first payout went as soon as we reactivated the pool so there are actually only 89 days left now!

We plan to top up these balances if enough people participate and we have funds available.

How To Join and Start Earning Fees and Rewards

To earn rewards you stake an equal value of STARBITS and STARPRO into the pool and get paid based on your percentage of the total amount provided by all participants.

Note that the largest liquidity provider is @wagginston but he is excluded from receiving rewards leaving more for all of you!

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IMPORTANT - Impermanent Loss

The most important thing to know about liquidity pools is that you may not get the same quantity of the tokens you initial staked when you unstake them. This is because every time someone does a swap between the tokens the exchange rate changes and the number of tokens is rebalanced.

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If the exchange rate was exactly the same when you unstake your tokens then you would get back the same quantities however it is more likely that you will get more STARPRO and less STARBITS or more STARBITS and less STARPRO.

Tutorial

You will not get rewards for the first 24 hours after you stake so make sure you leave it alone for a few days and remember that if you adjust the amount you have staked you will miss out on one days rewards as it excludes you for 24 hours again.

If you are new to liquidity pools you may want to start with a small amount so you can see what happens.

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  • Click on "Add Liquidity" and type "STARPRO:STARBITS" and select that pool.

  • Then enter the amount of either token that you want to stake and it will automatically fill in the quantity of the other token that is required.

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Assuming you have enough of both tokens in your wallet you can then click the "Add Liquidity" button and confirm the transaction in Hive Keychain to stake your tokens.

Congratulations, you are now a liquidity provider and will receive a percentage of the fees paid by people using the pool to swap their tokens as well as your share of the reward tokens in the pool.


Rising Star - The Play2Earn NFT virtual music career game built on Hive.

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upvoted, thank you!
great to know that adjusting your contribution excludes rewards for 24h; I've been constantly adding liquidity but I guess I'll have to just build up for a week or two instead to maximize returns, thanks for that (heretofore completely unknown) info!
!PIZZA
!PGM
!LOLZ
!1UP
!HBIT
!LUV
!BEER

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT - 0.1 THG - tokens to @onthemountain

remaining commands 1

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


I didn't know that either and will have to do the same.
!PGM

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT - 0.1 THG - tokens to @scoutroc

remaining commands 2

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


Thank you for this comment!

Dear @onthemountain,
Your support for the current Hive Authentication Services proposal (#194) is much appreciated but it will expire in a few days!
May I ask you to review and support the new proposal (https://peakd.com/me/proposals/240) so I can continue to improve and maintain this service?
You can support the new proposal (#240) on Peakd, Ecency,

Hive.blog / https://wallet.hive.blog/proposals
or using HiveSigner.

Thank you!

done

Thank you for your support @onthemountain, really appreciate it! 👍


~~~ embed:1586499480181956613 twitter metadata:MTE2MjAwNzQ2ODAwNTg3MTYxNnx8aHR0cHM6Ly90d2l0dGVyLmNvbS8xMTYyMDA3NDY4MDA1ODcxNjE2L3N0YXR1cy8xNTg2NDk5NDgwMTgxOTU2NjEzfA== ~~~
The rewards earned on this comment will go directly to the people( @chaosmagic23, @cageon360 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

Awesome!
This will be the first LP i participate on Hive 💪🏻
!PIZZA 🍕
!PGM

Yay it's back!
And I learned more about LPs than I used to know, such as contributing pauses rewards. Man, I wonder how much I left on th table without knowing that!
Thanks, happy to upvote and send you some !PGM

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT - 0.1 THG - tokens to @pregosauce

remaining commands 3

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


Will the STARPRO in the pool count for the STARBITS Millionaire mission 10% bonus?

No it won't. The STARPRO must be held in your wallet.

Ok, good to know.

That's an interesting proposal. I might just have to look in to it. Thanks

oh man i removed all max after the first one and bought it for rs packs T_T

Just come and ask us in Discord next time and we'll let you know if we are continuing it. Highly likely we will though.

i add now this pool STARBITS:STARPRO . thanks ;)

!PGM
!MEME
!CREATIVECOIN


Credit: tomakami
Earn Crypto for your Memes @ hiveme.me!

Delighted with the news. I am one of those who contribute liquidity and I intend to increase my stack. Great job.

tried 5 times now, to first use the pool, did not work, ok so i bought 1 more starpro thinking it might be that, to get the last decimal the swap showed wrong twice, (wasted 4k starbits) and when transferred i still cannot add to the pool. now i am loosing 14-15k starbits to reclaim them because of the price hike on starpro. this really was a ummer announcment as i was almost ready for my millionaire missions agian.
for me tribaldex did not work atleast.

You should report this to Tribal Dex support as it should not lose your tokens.

🍕 PIZZA Party!

I gifted $PIZZA slices here:
@dwarflordnoj(1/5) tipped @risingstargame (x1)
libertycrypto27 tipped risingstargame (x1)
sephiwolf tipped risingstargame (x1)
jonimarqu tipped risingstargame (x1)
onthemountain tipped risingstargame (x1)
circlebubble tipped risingstargame (x1)
diochen tipped risingstargame (x1)

Send $PIZZA tips in Discord via tip.cc!

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I wish to join but I'm a newbie, all my starbit I earn, I use to buy card for now. So I don't have anything to stake. Maybe another time.

TYVM, I'm in the pool now. I guess that I will learn how to swim with the whales one day but for now I'm just dolphin around at best. I currently am at .89% of the pool size will have to make more STARBITS and STARPRO in game to add more. Now to get busy earning them.
!PIZZA

cool daddyo

great opportunity!

Have the rewards ended for this pool? if so are there any plans to have more rewards?