Today's Liotes News edition is going to be very short. I'm on holidays in Türkiye at the moment and I honestly prefer to sit at the pool than to work. I hope you understand that ;-)
However, there is an important piece of information that I would like to communicate regarding the Liotes project. The reward pool linked to the liquidity pool LEN:LENM is going to run out in exactly 63 days. To boost the coming rewards for this pool, we have decided with @ph1102 that we would make a burn break for the remaining 9 weeks. This means that instead of simply burning the LEN tokens, something we do on a weekly basis, we will put these tokens anside for the coming reward pool. We hope that we will be able to collect around 4000 LEN tokens like that. This is something that we did last year as well and we realised that this quantity of tokens, released over a whole year doesn't generate much sell pressure on the market.
We believe that at this moment, it's more important to be able to provide a high return for liquidity providers than to reach our burn quota at all costs. Also, we have realised that people enjoy getting LEN tokens as rewards in this pool because it allowed them to increase their position in the pool organically and on a regular basis.
We hope that you agree with us and that you will get ready to enjoy the nice return in our diesel pool ;-). By the way, because of the price drop of hive, the APR in the LEN:LENM pool went up to 29.612% this week, which is probably the highest value in a long time...
There will probably be no Liotes mission this week but next week, everything should be back to normal.
Liotes
A project run by @ph1102 and @achim03
Have a swim for me!
I will do that :-)
hehe glad to hear it
Thanks for the update! Enjoy your break!
Thank you!
Enjoy your vacation
!BEER
Thanks man!
Thanks for the news.
!BBH
!WRD
Thanks for stopping by!
I always like a high APR hopefully all tokens prices will recover. Perfect time to pick up some low priced tokens with strong foundations. Take care.
!PIZZA
It might be a good opportunity indeed to fill the bags a bit :-)
Have fun on your vacation. I think that the burn break to help refill that reward pool in the diesel pools.
Thank you!
thanks for the update.
Njoi ur holidays.
!BBH
!ALIVE
Posted using The BBH Project
Thanks!
Oh yes, feeding pool earnings back into the pool is a very nice way to compound, indeed! Speaking of pools, enjoy your holiday!
!ALIVE
!BBH
Thanks man!
Have a perfect holiday in my country man. It's a bit late for pool because it's cold but you'll still be fine 😂
I'm in Side, Antalya and it's still warm enough to be next to the pool. It's a bit limit for swimming but still quite comfortable :-)
Wow, I was there for my honeymoon. What a coincidence man. Don't forget to visit the Temple of Apollo and the ancient city. Of course, if you haven't already :)
Enjoy your drinks lounging by the pool. :)
Thank you!
It's always good to take a vacation! Take the opportunity to rest and get your thoughts in order.
I'm doing that :-)
$PIZZA slices delivered:
@darmst5339(1/5) tipped @liotes
Come get MOONed!
View or trade
BEER.Hey @liotes, here is a little bit of
BEERfrom @ervin-lemark for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
BEERKING.View or trade
BEER.Hey @liotes, here is a little bit of
BEERfrom @ervin-lemark for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
BEERKING.Enjoy that vacation! Nothing like time by the pool relaxing!