Hello everyone. We had a productive month for the Cent Project. The prize pool has reached stability. There is an increase in the liquidity ratio in the liquidity pools. The number of active users on our community page is increasing day by day. Investment transactions in Hive-Engine, apart from trade transactions, started to yield satisfactory results. Let's talk about the current situation briefly;
Due to the ongoing bear season and the extremely low volume, we have suspended trading operations. There is some volume increase in the market. However, almost all Hive-Engine tokens continue to lose value. That's why we haven't started trading transactions yet. However, we continue to invest in a few tokens. Earlier we had started to invest in LEO, POB tokens. This month we also included the Drip token. The amount and number of these tokens will continue to increase.
Three of the project's six liquidity pools continue to distribute rewards.
- The liquidity ratio in the Hive/CentG pool has increased a bit. However, it has not yet reached a satisfactory level. We added some of the revenues from our Hive-Engine investments to the pool as a reward. We will add more rewards from stable cryptocurrencies such as USDT, HBD. The current APR in the pool is 83%.
- There is enough liquidity in the Hive/Cent pool to balance the volatility in the coin's market. However, we will continue to create incentives to further increase liquidity in the pool. Current APR in the pool is 75%.
- Cent/CentG liquidity pool is the most liquid pool of the project. We will continue to support this pool so that the cent reaches its target price and the volatility in price movements decreases. There are more than a hundred CentG tokens still waiting to be distributed in the pool. The current APR rate of the pool is 52.5%.
- Hive: There are 230 Swap.Hive in liquid form.
- HP: 27,000 HP in total. (452 HP + 26,600 leased HP)
- 200,000 Cent staked.
- 16,000 Pob staked.
- 300 Leo staked.
- 26 Drip Staked.
- 12.5 CentG and 31,600 Cent in the liquidity pool. We continue to reduce the amount of Cents staked in order to increase earnings for cent curators. We keep unlocked Cent tokens in the liquidity pool along with the CentG tokens we repurchase.
Previous account status sharing and monthly report:
@centtoken/monthly-hive-engine-report-july
Followfor more data and updated announcements.
