Current Account Status and Work Reports 23.5.26

Last week, the Hive-Engine was hacked. Cryptocurrencies bridged to the Hive Blockchain from outside were particularly affected. BTC, ETH, and USDT were impacted, and Cent was also affected due to its liquidity pools. Initially, its price dropped to 0.0009 Hive, but it later recovered. The current price is 0.002 Hive. Regarding this issue, we have made some updates to the Stablecoin Study. We have removed USDT, which was affected by the hack, from the Stablecoin Study. We will consider re-including Jaton in the project if the issues in its market and liquidity pools are resolved. We have also started investing in the TRIBE Token Work to manage LP reward distribution in the Bee, Leo, and Pob liquidity pools.

Stablecoin Study
Hive (Swap.Hive) and the Hive/Cent liquidity pool have been included in the Stablecoin Study. The Hive/Cent liquidity pool is crucial for Cent to reach its target price of $0.01. We aim to increase the liquidity in the pool to $10,000 and above as soon as possible. We continue to use market maker bots in the Hive/Cent and Hive/SHORT markets. We also actively use Hive account@dswap DCA bots in the same token markets. We have added new LP rewards to the liquidity pools included in the Stablecoin Study.

Hive/Cent
Liquidity: $1275
Weekly trading volume: $651
APR: 52.5%

HBD/Cent
Liquidity: $738
Weekly trading volume: $148
APR: %52

Cent/BEED
Liquidity: $470
Weekly trading volume: $76
APR: 23%

Cent/SHORT
Liquidity: $1058
Weekly trading volume: $476
APR: 65.3%

Delegation Works
This week we distributed delegation rewards worth 5.22 HBD. As part of our Delegation Works, we distributed 1.768 HBD and 55.92 Hive rewards this week. The average annual yield rates (APR) offered for Token delegations this week were: HP: %8, BEE: %9.3, CENT: %35, LEO: %0.5, SPORTS %10, POB %15. In total, we received 19.660 HP, 19.000 BEE, 3.577.000 CENT, 100.150 LEO, 10.964.000 SPORTS and 75,000 POB delegations.