VYB is an impactful potential coin. It has drained all the liquidity in the #pob as it has successfully transferred close to 150,000 POB to different #vyb accounts. Theoretically this would help the #pob to find a support for the falling prices.
However, there is another perspective. There are some other coins on #hive which were considered good coins such as #cine. These coins are dying due to the lack of liquidity. I believe to help the hive-engine tokens, the concept of diesel pools was introduced, where you could exchange the tokens easily for each other.
However, there is a need to create the liquidity pool which costs some 100 BEEs. Currently, there is only one liquidity pool available for exchanging #pob.
This is paired against the #cent token.
Some time back this pool was yielding the returns above 100% but with the falling prices and other factors, it provides returns of close to 60%.
Consider the case of Cent. It pairs itself with #hive, #leo, #hbd and #pob. Which means, cent tokens can be exchanged for any of these coins easily.
I am of the opinion that even #pob needs to create the pools against #hbd and #hive as these two are the most liquid coins on hive-engine. This will help to create the liquidity in the token once again and would provide more options to trade for the token.
The current yields from the liquidity pools are really very high.
- The swap.hive:weed pair is offering more than 210% APR at the time of writing this post.
- swap.hive:lassecash is offering 339%
The rewards are paid in weed or lassecash. This means the tokens are again circulated back in the investors.
Liquidity pool will provide another used case for the token. Ofcourse this is my personal opinion and I would be really keen to offer my liquid pob in this pool to begin with. I would like to hear the views of others on this matter.
I am sure, 