Since the bear season in cryptocurrencies continued, we distributed rewards in only three liquidity pools until last December. Hive/Cent, Hive/CentG and Cent/CentG liquidity pools continued to distribute rewards throughout the bear season. We reactivated our liquidity pools, whose reward distribution period ended in the last month. We started distributing liquidity provider rewards in the HBD/Cent pool again.
Leo and Pob pools have not been giving out LP rewards for a long time. Therefore, they lost some liquidity. A few days ago, we started distributing LP rewards in these pools. Thus, all liquidity pools of the Cent Project began distributing LP rewards. We kept the annual liquidity provision returns of the pools slightly higher. This is a sign of the expectation that more liquidity will be provided to the pools. We will keep APR rates high until the amount of liquidity in the pools reaches a certain saturation.
- There is 445 Hive worth of liquidity in the Cent/Leo pool. Approximately 67,000 Cent and 1470 Leo. The current APR on the pool is 316%.
- There is 358 Hive worth of liquidity in the Cent/Pob pool. Approximately 54,000 Cent and 18,000 Pob. The current APR on the pool is 213%.
The reason why we create a lot of liquidity pools and distribute LP rewards compared to an ordinary tribal project is to reduce the inflation in the Cent token as much as possible. It also makes it easy for users to buy/sell tokens whenever they want. Liquidity pools reduce volatility in the token price. It paves the way for users to generate income not only by producing or curating content, but also by providing liquidity. Besides, we can list many benefits. Follow for more news and announcements.