Hello, everyone in the cent community.
It’s me again and I have just seen the post about liquidity pools from Cent’s administrators on the web and I would like to share my thoughts with you.
This is so interesting so let us get into it.
here's a link to the original post, you can read more
@anadolu/current-situation-in-cent-s-7ce79938d30e2
First and foremost, let me just express my happiness concerning how well things are going in relation to Cent’s liquidity pools. The post reported that there have been many transactions taking place which is really awesome.
For only one day alone, there were $135 worth of transactions within the Cent Market and liquidity pools! That is quite some money moving around; this means people are certainly interested in Cent.
Also, I learned that transaction volume for the Cent/Leo liquidity pool rose by a staggering 1250% during the last month! This is an enormous increase indicating more people are joining Cent.
Furthermore, liquidity has increased in all other pools as well. Therefore, this will give more money available for trading which is good news to everyone.
But even though the future looks good, it still seems that there is some work to be done. The administrators stated that they are not yet at their expected level of liquidity, but they are on their way there.
They mentioned about 44% increase in liquidity in the Hive/Cent pool in a month which is an impressive gain. Also, although APRs (whatever that means) have decreased for certain pools, additional rewards will be applied for.
I was also amazed when I found out all the various liquidity pools they had. There is one for Cent and Leo, one for Cent and Pob, and even one for Cent and CentG! I didn’t know there were so many ways to trade Cent before this.
And those administering shared some stats about each pool including how much liquidity it has as well as APRs associated with them. It’s nice seeing everything laid out like that.
Moreover, there was another thing that also caught my attention.
Additionally, they spoke about the price of Cent which I found appealing as well; it appears to be relatively stable recently. However, they said that the price did not go up as much as expected.
They suppose that by increasing the rewards and involving more people in liquidity pools, they will help raise the price of Cent even further. I can’t tell exactly how that is done but it seems like a good strategy!
I must not forget to tell you about burning of cent again. It sounds like a scary thing but I guess what they meant was getting rid of some Cent tokens thereby boosting the value of those remaining.
They called it “Cent burning event”, and this sounds so serious. Also, “Cent Power up day” was mentioned by them which sounds much more interesting! What could this possibly mean?
At large, I believe the managers are performing well in terms of passing information on the liquidity pools of Cent. Undoubtedly, they are toiling day and night for smooth running as well as accommodating experiences while trading Cent.
What comes up next should be interesting especially with the burning event and Power up day being imminent. Very interesting time is coming to Cent. I'm happy to be part.