Cent/Sps Liquidity Pool and LP Reward Distribution Active
Hello. Cent's 16th liquidity pool is now active. As of today, we have created the CENT/SPS liquidity pool. We have started the LP reward distribution period in the pool for one year. For starters, we have added 1000 SPS and 4120 DEC as LP rewards. As previously announced, we are not distributing CENT tokens in Cent pools other than those included in the Stablecoin Study. More LP rewards will be added to the pool.
SPS is the governance token for the Splinterlands game. The token allows players to participate in decision-making processes and perform in-game transactions. SPS is one of the tokens with the highest transaction volume in Hive-Engine. There are 22 SPS liquidity pools.
Note: Which token would you like to see more of added to the Cent/Sps liquidity pool as an LP reward? SPS or DEC? Please let us know in the comments below.
I have added some liquidity to the pool to enable swap transactions and ensure a healthy price formation between the two tokens. I will also be performing swap transactions in the pool for a while. As liquidity in the pool increases, I will gradually withdraw the liquidity I have provided. Follow @centtoken for more data and reports. See you soon.
I can barely keep up with all of the pools that you're creating, though I'm definitely trying! for now at least, I've removed liquidity from the CENT:SWAP.ETH and CENT:SWAP.USDT, until their backing assets are restored or recovered. I'll add some to this new pool as soon as I'm able. 😁🙏💚✨🤙
Until the situation regarding Swap.ETH and Swap.USDT tokens is resolved, we will not interfere with the Cent pools created for these tokens. Hopefully, the situation will be resolved soon. Expectations are high for the SPS pool. I expect at least the same performance as the HBD and BEE pools.
I understand, and at least there are several other great CENT pools from which to choose. Indeed, I imagine that this new pool will do quite well, especially with DEC and SPS as rewards. 😁🙏💚✨🤙
We can say that the event of creating new #HiveEngine liquidity pools itself already helps the Hive platform, as it helps increase the price of the HIVE token (by indirectly burning them). 🤔😎
Such HIVE tokens are swapped for BEE tokens which are then burned 🔥 upon creation (or upgrade) of a Hive Engine liquidity pool that requires at least 1,000 BEE tokens. 😎😏
Well, it definitely burns BEE tokens, but the SWAP.HIVE from which it's often, though not always, swapped, remains intact. As an example, the BEE that I'll be using to cover our portion of the creation of the soon-to-be ALIVE:LBI pool will come entirely through curation, since @aliveandsocial has 20.4k+ staked BEE, so it accumulates rather quickly. 😁🙏💚✨🤙
It seems !WEIRD that there is a "SWAP.HIVE market" on #HiveEngine !INDEED, where there are buy and sell forms, but no buy and sell offers (and last price and volume). 🤯🤓
!HOPE
!ALIVE
!PIXY
I never noticed that, and yeah, it's very strange indeed. 😁🙏💚✨🤙
!ALIVE
!HOPE
!INDEED
!PIXY
!WEIRD
That page just shows the historical price of the SWAP.HIVE token (whose price is technically the same as the HIVE token). 🤓
!PIXY
Yes, I saw that. 😁🙏💚✨🤙
!PIXY