It is no doubt that Crypto market is going through a rough time! With the recent dump, which occurred in the market has kept the investors, holders in check. Let's not forget about all the dumpers, who may/might have sold out their portfolio due to the recent dumping incident. This dump might have triggered the uncertainties within themselves but for better or worse, we are probably going top see a lot of scooping up of cheap coins from the market in the coming days. Fear & Grid Index shows some intriguing details as of this point!
Image source : CMC
| I was successful in participating in this dump! As a matter of fact, I was quite happy in being able to participate in the recent dump! As usual, I tried to scoop up some coins in cheap rate. But supposedly, I became too excited and got caught up in the middle. But It was a very good lesson for me to see the bigger picture. Also, I need be little more patient to get the best out of the situation! I probably got in the third row of this meme lol! |
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Image source
Either way, it was a wise feeling to encounter! Coming to keep up the pace, lets talk about what I have been keeping up with my investment. I have recently added some new investments into my portfolio. Since the market is down and in addition I have some liquid coins in my holdings, I decided to make some use of these coins and let them work for me in more of a decent way. Which is why I decided to give liquidity pools a try, with my coins. Although, there are certain risks included by providing LP!
- HIVE
- SPS
I always try to hold some liquid just in case of any emergency comes up. I have been holding some liquid SPS and HIVE for some time. Now its time to make some real use of them. Which is why I choose the pair of SwapHIVE:SPS in Tribaldex!
It has been little over 24 hours, since I have provided liquidity for SwapHIVE and SPS pair. The APR on this pair does seems little bit higher than the other available pairs. Also the risk to reward ratio on this pair does seems quite low to me as well, if I compare it with other pairs. The reason I am saying it is because I am holding these two tokens in my wallet. The $ value does not really affects me that much. I am more concerned about the amount of tokens that I will have once I withdraw from this pool. That is what matters to me the most at this moment. Since the price of both these tokens are quite low, I intend to be in the pool for quite some time and this will probably give me a decent amount of ROI from the investment that I have made.
While writing this post I got approximately 60+ SPS from a day long appreciation. Although, I am rounding the amount close to 50 SPS per day. Yes, this reward will fluctuate very much, depending on more liquidity, price fluctuation and so on. But like I stated, I am in for long term in here for now. And I want to see some appreciation in price in longer term.
I am aware of the impermanent loss and all the other factors regarding a pool, but like I said, I am more into tokens than $ at the moment. And lets see how things turns out in a month or so. If my output seems attractive, I will probably add more into this pool and just keep on going and enjoy the juicy APR! Or else we will see what can be done with my tokens. For now, lets just enjoy the fantabulous SPS and restake those SPS to get more SPS lol.