A new journey of passive income begins, today I made my first investment in liquidity pool Hive:Colony. I added 2.5 Hive and 3183 Colony. Around 18–25% APR profit will keep coming, which depends on market situation. Sometimes APR will increase and sometimes it will decrease. This depends on the number of transactions and upon the volume. If the volume increases and the price of tokens increases then APR also increases.
My main goal in this pair is to grow my investment and take the best benefit from liquidity pool. Today I made my first investment and I will keep adding every week. The same way I started staking in #Script and #Colony token and keep adding every week, in the same way I will keep adding investment in liquidity pool swap.hive:colony.
My goal is to stake around 100K Colony and 100 Script in #arcadecolony and 1000 HIVE / 1000K colony in the liquidity pool by the end of this year. I will do my best to collect as many of these tokens during this time period. Also will keep on adding #leo token to further diversify my portfolio.
Many users will have a question in mind, what is the benefit of this investment in the liquidity pool? Very good question. First thing in my view, I will get capital growth and at the same time passive income will also keep coming. Why did I choose this pair? swap.hive:Colony?
Hive coin is already strong, investing in it is good. The real reason for investing in Colony is its great future. It is a gaming token and governance token of #arcadecolony. The trend towards Hive games is increasing, as more users join these games automatically the value of Colony and Script tokens will also increase.
One more benefit of this investment is that my portfolio will diversify. Reward ratio will increase. At this time in my view investing in 2 pairs is better and I am satisfied with them: swap.hive with Colony and with Leo token in liquidity pool. Both coins performance is very good and good profit will keep coming.
Step-by-Step Easy Guide to Liquidity Pool Investment
Now let’s talk how I invested in liquidity pool. I will explain step by step and also shared pictures so that it is easy to understand. From picture you will also get better idea of this pair’s APR profit, so you can estimate its profit.
My investment became possible from 2 Hive exchanges. I wanted to do it from #hive-engine but it was not possible because I did not find Pool option there. That is why I used #beeswap exchange to complete this investment.
First step, invest in the pair you want in hive-engine. As you see in second picture, first I deposited Hive and then bought Colony token. Until you have both coins of the pair, you cannot invest in liquidity pool.
Second step, log in to #beeswap and click on swap option. From there select pool and select your favorite pair. In search bar type swap.hive:colony and click on “add liquidity”.
Next step, write the amount of swap.hive and colony or click maximum, it will take automatically. As you see in image, for 2.5 Hive it needed 3193 Colony. Last step is confirm it and through Hive Keychain confirm the transaction. This is simple step by step process of investing in liquidity pool.
In the end, you can also see your liquidity pool where you will see APR profit. Currently it is giving 19% APR which in my view is best. Its APR is not fixed but keeps moving. After investing in liquidity pool, now enjoy passive income.
There is no doubt this method is best for long-term investment and also to earn passive income. Even better strategy is to invest in 5 best pairs, so your investment will diversify and your risk of loss will reduce.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
