BeeSwap:: BXT Staking Rewards - APR 150+% & My Earnings & Plan for BXT Token
Hey All;
Some time back, to be precise 5 days ago I did a post on - BeeSwap:: DeFi on HIVE.. Entered the SWAP.HIVE:BXT Pool - giving APR 2K+ ATM.... I thought it would be good to reflect on the earnings thus far.
As of writing this post, the APRs for staking BXT token which is the native token for BeeSwap platform is currently 150+%. When I started at that point in time the APRs was close to 170+%. Not that much of a difference. But what I noticed is that the staked percentage of BXT tokens is increasing gradually. Currently, it's close to 26+% which is 3.4K+ BXT tokens are staked out of 13K+ BXT tokens in circulation. The best part that I like about this token is its inflation rate; which means that there aren't too many of these BXT tokens being in circulation. And if we can get some kind of burning mechanics added for the BXT token that would certainly go a long way in helping the price of the token to surge further from its current levels.
MY BXT tokens Earning Summary::
Here is a summary of my BXT tokens earnings since the 27th of November. All the tokens that I've received i have staked. This gets me close to 0.863 HIVE per day as staking rewards. The reward pool distributes close to 191 HIVE per day and this number is not constant and basically varies based on the swap transactions that have happened over the BeeSwap portal. The more transactions the more is the reward pool..
Final note - I'll continue to stake the rewards; until I get close to staking 100 BXT tokens. From here it's still a long way to go. To date; I've 15 BXT staked and need another 85 BXTs to be staked to reach my GOAL. With the rate, I'm getting the rewards which is close to 1.7 BXT plus/minus some numbers it's gonna take me 2 months to reach a point where I have 100 BXTs staked. I would also be looking out for an opportunity to buy some cheap BXTs if there is a fall in price in near future.
Have Your Say....
Did you know about BeeSwap DeFi on HIVE? Are you planning to enter and pool? Did you receive the BXT tokens as part of the AirDrop - And what did you do with the BXT AirDropped tokens? SOLD or HODLing or Staked iT?
Image Credits:: Beeswap, leofinance, hive-engine
Best Regards
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Keep up the good work
I sold my initial airdrop, bad mistake. They are very expensive now. I have less than 1 staked and it still gives me a daily return. How long it will last... we don't know, I use beeswap quite often.
The staking should last indefinitely as it is a payout of fees collected and not a reserved pool.
We don't all have the same goals :') I would love to reach only 5BXT :')
I Received 2 BXT with the airdrop and sold 1.5. that was around $30 but Hive was at a lower price so it would probably be around the same amount of Hive today.
At least I bought useful things with it like BRO and other tokens.
!PIZZA
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I made a similar mistake but bought it back a few days later. Only a moderate loss and the LP rewards have more than covered it.
!LOLZ
lolztoken.com
ERROR: Joke failed.
@kotenoke, You need more $LOLZ to use this command. The minimum requirement is 8.0 LOLZ.
You can get more $LOLZ on HE.
I bought something like 0.5 BXT few hours after selling it and I think I bought it cheaper than I sold it so great ! Now I'm placing some of it into LP and it seems to be pretty worth it ! !PIZZA
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I only received one BXT token, but I staked it immediately.
I did not know about the rewards pools in BXT so thank you.
!BEER
!PGM
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Sorry, out of BEER, please retry later...
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I don't have much in the liquidity pools but I can definitely see the rewards coming in daily dropping. I guess I'll just continue to get what I can from rewards but I wonder what the APR will be after a year or so.
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