Event Announcement: How to Use Liquidity Pools in Hive-Engine?

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(Edited)

Hello again. Happy Sunday dear Cent Community. We have previously announced that we are working to expand and make the Cent Community more active. The event we organized two weeks ago was very productive. Thank you to everyone who participated. I'm here with a new event announcement.

The Hive blockchain has evolved significantly. It offers many earning opportunities. Unfortunately, the vast majority of Hive users are unaware of these opportunities. Or they do not have enough knowledge about the use of tools. Also, Cent has 5 liquidity pools. With this event, we aim to reach more liquidity. You can join our event by talking about the liquidity pools in Hive-Engine. Let's talk briefly about the event topic, conditions and awards.

Event topic: How to use liquidity pools in Hive-Engine? How are swap transactions done? How to add or subtract liquidity? From which sites can you learn the current APR rates? Which liquidity pools do you use? What should we pay attention to when making swap transactions and adding liquidity? These are our event topics. You can refer to any topic. Or you can answer more than one question.

Event Rules:

  • You should share the post on Cent Community's page.
  • You should use the 'Hive-engine' tag when posting. We also recommend using the 'leofinance', 'proofofbrain' and 'defi' tags.
  • You should add the link of the post you shared as a comment on this page.

Event rewards: The three participants with the most likes will win prizes.

  1. will earn 10 BEE.
  2. will earn 7.5 BEE.
  3. will earn 5 BEE.

Also, all users participating in the event will receive a satisfactory BEE vote. I think you will get votes from other curators as well. Our event will continue for a week.

Edit:

  1. @agilekid https://peakd.com/undefined/@agilekid/how-swap-transactions-are-done-in-hive-engine

  2. @creativehive https://peakd.com/hive-173575/@creativehive/how-to-add-liquidity-on-the-hive-blockchain-using-tribaldex

Incentive reward: @inspiredbyhive https://peakd.com/hive-173575/@inspiredbyhive/cubdefi-offers-50percent-apr-in-farms-an-amazing-means-of-earning-a-passive-income-amidst-the-bear-market


image: source

cent hive-engine leofinance proofofbrain defi event neoxian hive-173575
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13 comments
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Nice event. I look forward to informative posts on the subject. I wish everyone success. :)

Güzel etkinlik. Konularla ilgili bilgilendirici yazıları sabırsızlıkla bekliyorum. Herkese başarılar dilerim. :)

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Thank you. Informative content will be created. We had very good feedback in the previous event.

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(Edited)

Thanks @anadolu for this precious opportunity to share about what's happening on the hive blockchain that many do not know about. First of all, many do not about the wealth that's hidden in the Hive-Engine Side-chain platform. Today, I'll be looking at the HBD/Cent and Cent/Leo liquidity pools.

In June @anadolu have an update about the current liquidity pools of those Hive-Engine tokens that cent is paired with and this is the stats:

We slightly increased the liquidity provider rewards in the HBD/Cent pool. The pool's current APR rate is 62%. There is $800 worth (477,349SWAP.HBD/68,426.49 CENT) of liquidity in the pool.
There is $550 (39,769,074 CENT/4,961,044 LEO) worth of liquidity in the Cent/Leo pool. The current APR rate of the pool is 68%.Source

Looking at the above one will see that the APR in the HBD/Cent is around 62%, although this might have changed drastically due to the current bear market, but I'll use this for now to analyze. This liquidity pool is worth $800. This means that anyone that needs Cent tokens for staking can go to tribaldex and swap HBD to Cent as well as Leo and other Hive-Engine tokens.

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Hello. Thanks for the comment. We will announce new comment events in the coming days. However, this time our event requires creating a content.

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I will try it with your suggestion and I have been informed. Thank you. 🤩

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Nice one helping to build the cent community. 👍😎

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Congratulations @anadolu! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 41000 upvotes.
Your next target is to reach 42000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Day - September 1st 2022
Support the HiveBuzz project. Vote for our proposal!
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