Hello. The LP reward distribution period for the Cent/Leo and Cent/Pob liquidity pools has concluded as of today. We have restarted the LP reward distribution period for these liquidity pools. Approximately $330 worth of LP rewards have been added to these liquidity pools. The majority of this reward is in CENT tokens. We will gradually add more LEO and POB tokens to the liquidity pools.
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- 730,000 CENT and 122 LEO have been added as LP rewards to the Cent/Leo liquidity pool. The current APR on the pool is 15%.
- 365,000 CENT and 10,000 POB LP rewards have been added to the Cent/Pob liquidity pool. The current APR on the liquidity pool is 17%.
As mentioned above, we have primarily added CENT rewards to the liquidity pools. We've also added the LEO and POB tokens currently held in the account as rewards to the pools. We will continue to add LEO and POB rewards to both pools in the coming days. We're adding proportionally more LP rewards to risky liquidity pools other than HBD, ETH, BTC, etc.
We're also starting to test a new strategy for users contributing liquidity to Cent's liquidity pools: a user contributing liquidity to the Cent/Leo liquidity pool should be able to re-add earned LP rewards to the pool. Therefore, when adding LP rewards to the pool, we'll strive to add LEO and Cent rewards of equal value. For example, a liquidity provider earning 100 Cents daily as LP rewards should also earn 0.3 Leos at the current price.
In the meantime, let me do a little advertising :) We're working on an alternative way to earn both LEO and POB. The Tribe Token Study offers very attractive rewards. The current APR on the Hive/Tribe liquidity pool is 89.5%. Follow to quickly access news about the Cent Project. See you in the next posts.