Decided to add more liquidity to SWAP.HIVE:DEC pool on Tribaldex
Tribaldex pools are an easy way to swap our assets from one coin to another coin. During the initial days, I found it a little hard to understand how this would work. I noticed that people were adding liquidity to the pools and were getting some decent rewards for the same. The rewards were in the form of additional tokens on top of the liquidity itself.
I later found out that the liquidity providers get rewards in the form of the fees involved while swapping. I'm not sure how this works. But there is also a slippage while swapping for the users. In addition to that, there is also a difference between the pair we set initially and what is visible after a few months.
The above was my initial deposit to the liquidity pool. I added around 170 swaps.HIVE for 40000 DEC. I did not care to check what happened to this value. Today I was curious to go and check what happened to the liquidity I added earlier. Today I found out the below:
Looks like my inial SWAP.HIVE has changed from 170 SWAP.HIVE to 96 SWAP.HIVE and DEC have changed from 40,000 to 85,000. I saved a screenshot from my initial addition to making this comparison. From my previous screenshot, it is clear that DEC had better value back then against SWAP.HIVE. 1 SWAP.HIVE gave only 234 DEC. But today 1 SWAP.HIVE gives 883 DEC.
Comparing both my previous value and current value, it appears like I'm at a loss by adding my funds to the liquidity pool. I'm wondering if it is because the price of DEC is terrible right now or because the Hive price has also gone down since I invested in the pool. I don't really know how to calculate this.
I decided I will give it one more try by adding some more DEC to the liquidity pool and see how it goes. I anyways have decided to hold DEC for the long term. I'm also planning to accumulate a minimum of 1 million DEC in total. As a step towards that, I'm going to be pushing another half a million DEC inside the pool and see how it goes this time. This will also let me know if there is a good time and a bad time to add funds to the pool. Maybe I have to add funds only when the value is right. This has been a mystery for me.
I don't really know if people understood how pools work or if they are just blindly adding their token pairs inside the pool. 0.25% trading fees are really interesting but if the overall worth of the tokens we add inside the pool is going to go down, there is no point in getting the 0.25% trading fees. I'm also not sure how the 0.25% fund is given to us. I'm hoping it automatically adjusts to the liquidity we have added.
I have taken the above screenshot for my reference. Right now it says my overall worth is 733$ inside the pool. This can be a good start to compare and see how my liquidity is performing and if my asset value is really growing or degrading.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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i've always wondered why these pools don't provide an estimated APR
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I guess it is hard to calculate.
Congrats bala for 29000 HP. This post is out of my head. Let me know little bit about it.
What do you mean by 29000 HP. I don't get it.
😀 hive buzz replied to you you earn 28k hp in total and next target 29k. By mistake I wrote it 29k.
Oh cool. Got it. Thanks.
Some people... yes, including me 😅. I was looking for good rewards in the liquidity pool tho 🤔. Then, I realize rewards + exchange in liquidity are needed to think of if I want to make a real profit because the prices always change.
I just think of it as experience. Still hard to calculate if it's a profit or not in the liquidity pool @.@ I still prefer the stake and delegate system. 🙏The visible reward with the exact amount of time = I can easily calculate it.
Yeah calculation is the painful part I suppose.
That's a massive number.. 29000 HP . Thanks for sharing
!pizza
Thanks. Cheers!
You welcome
don't forget you win having the pool in splinterlands
DEC - SWAP.HIVE needs to calculate this too 😆
Yeah true. Agreed.
Now if this isn't something 😂😂. See the amount you earned, really crazy🤧
That's not from the Pool but yeah maybe I earned. Its hard to calculate.
Honestly I have no good idea of how these pools work. Looking at your experience!
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Yeah it's hard to calculate.
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I am also thinking about doing that for DEC because the pools are used a lot and I have some DEC leftover after the CubFinance farm finished. Earning some extra reward tokens isn't a bad idea and I can always make sure to sell off the rewards as profit to make sure IL doesn't hit me as hard.
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I got a smaller fund tied to the pool stake asset in Splinterlands and Tribaldex.
It is an interesting experience
It is a long term stake on my side.
I am sure the situation will be better during the bull run.
Thanks for sharing this article about your journey staking asset.
Peace
I got a smaller fund tied to the pool stake asset in Splinterlands and Tribaldex.
It is an interesting experience
It is a long term stake on my side.
I am sure the situation will be better during the bull run.
Thanks for sharing this article about your journey staking asset.
Peace