Hello to my fellow community members,
Friends, it has been over 4 weeks since I added any liquidity to the HoloZing, Zing, and Hive pair. Today, I am here to re-analyze my rewards and add some more liquidity into the pool. I am also planning to buy some tokens. But first, let us look at the rewards we have earned so far.
In the screenshot below, you can see that we are earning around 6.8 Zing tokens every day. The rewards were initially above 7 Zing tokens, so there has not been much decrease, just a few points. This is one of the reasons why I have decided to invest a little more into the liquidity pools.
As you can see in the screenshot, I currently have 120 Zing tokens. I plan to round that up to 500 and invest that amount into the liquidity pool. Today, we spent 0.42 Hive token, as shown, and now we are going to head over to the liquidity pool section to add liquidity.
In the screenshot, you can see that we have 501 Zing tokens, which we are going to add into the Zing Hive pair. For this, we also need 0.55 Hive token. So, today, a total of 501 Zing tokens and 0.55 Hive token will be put into the liquidity.
The rewards from my HoloZing game webpage are also shared below. I have earned around 19.4 Zing tokens, coming mostly from the collection reward and a small amount from staking reward. We will claim this and use it later.
Finally, in the screenshot, you can see both the liquidity pairs I have invested in. My personal favorite is still the HoloZing Liquidity Pair, where the APR has increased from 40% to 46%. This is why I have decided to increase my position in this pair.
Hive has decreased in price because of the recent crash, which might impact anyone running a liquidity pair. However, I am going to ignore the short-term movement and focus on the long term.
Liquidity pools are always risky and that is why it is important to be prepared for losses when you deal with them. I am still happy to earn 46% APR from this wonderful liquidity pair at Holozing.
If you are ready to risk a little money then participating in Holozing liquidity pools can be a good decision, you earn 46% and it is not less. A single reason enough to participate in this.
Thank you for reading my blog till the end.
