In TribalDex, I started the liquidity of SWAP.HIVE:COLONY with 1820 Colony tokens and 1.47 Hive and today my liquidity has increased and at this time I have provided liquidity of 8.73490857 SWAP.HIVE 11016.63820823 COLONY. If I look at my previous experience, it has been a very great experience in this regard because I have been swapping Hive and HBD for many years but I had held various Tribal tokens but I had never participated in liquidity and now for a week I have started investing in liquidity so at this time the liquidity of my SWAP.HIVE:COLONY is above about 11K thousand. I have provided liquidity of Colony tokens and provided liquidity of eight Hive. My target is to provide at least 50 thousand Colony tokens in this month. And provide liquidity of its equal hive coin because this is the best way to earn a passive and if you hold your position then you will not suffer any loss and the markets will go up and down but the most important thing is that you have to increase your investment by following the path of a turtle and if you hold the liquidity position then you will be successful so I will show you a screenshot that I have added new liquidity.
I have provided liquidity and at the moment I am getting 12 Colony Tokens daily and this is about APR: 19.58% and if we talk about this reward in dollars, the value is $0.001. The total value of my liquidity that is created is $2.28. Similarly, the reward that I am getting in terms of fees, so far I have received 0.70 Colony Tokens and in addition I have received hive .00613 in terms of fees. Thus, this is a great way to earn money and I will try to increase it.
As you know that the market is down overall and due to this down, the liquidity fee is also changing. The more transactions there are in this liquidity pool, swaps, buying and selling, the more payment there is in terms of fees for those who provide liquidity. Similarly, when I provided liquidity for the first time, at that time I provided liquidity of less than a thousand colony tokens and I only got two colony tokens. You can also see in the screenshot above my old liquidity that I provided and the current liquidity that is currently active. You can see that I am currently getting 12 colony tokens. Apart from this, I had provided SPS but since I had very few SPS for the liquidity of SPS token, I removed this liquidity. Now my mission is to provide liquidity on a different platform and a different dex platform. On the ones that are connected to the Hive blockchain, I will provide liquidity of the colony token and then whatever colony token I get as a fee, I will convert them to Hive and be able to provide liquidity for any other tribal token. Similarly, I will continue this liquidity providing investment so that I can participate in as many liquidity pools as possible, but I have to participate in such a liquidity pool where the transaction is high so that I can get paid in the form of a higher fee. I hope you liked this information of mine. If you want to read my previous liquidity or how I provide liquidity, you can visit my Hive blog. Thank you very much to all of you.