Hello to my fellow community members,
Friends, today I am going to review my HoloZing liquidity pools once again. It has been quite some time since I last shared an update on this. In the screenshot below, you can see my current liquidity pool positions. These are the updated positions after I added some more liquidity today. I will be sharing what changes I have made, how my pools are looking now, and whether the rewards are still the same or if there has been any change for me. Thank you for following along with me.
First of all, I went to the HoloZing official website because I also earn some ZING token rewards there. These rewards come from my staked ZING tokens as well as from my collection rewards. In the screenshot below, you can see that I have earned around 11.24 ZING tokens from staking and collection rewards combined.
Below, I have shared the distribution rewards for my HoloZing ZING and Hive token liquidity pool. You can see that the rewards have slightly decreased, from 7.17 ZING tokens to 6.4 ZING tokens. This is quite a big decrease in value, around 10 percent, and honestly, I do feel a little sad about it. But it is fine because I know liquidity pools are always risky, and I was prepared for something like this.
After that, I went over to the liquidity section to add my liquidity once again. I only had 63 ZING tokens, but I added them into the liquidity pool because that was my initial idea, to use my ZING and Hive tokens together in the pool. I am planning to keep adding my tokens into this pool for at least the next one year.
I have also recently participated in a different liquidity pool, which you can see below. But even now, the HoloZing and Hive token liquidity pool rewards remain on the top with an APR of 45 percent. The other project I invested in is giving around 24 percent APR. So that is how it is for now.
I know the rewards have decreased, but in liquidity pools these are the risk factors that we must always be aware of and be ready for before they happen. I was prepared for this, so even though I feel a little sad, I am not going to let it spoil my day. It was something I was already expecting. Nevertheless, I have added my liquidity to the pool and I will continue doing so in the future as well.
Thank you, friends, for reading my blog till here.