Hello to my fellow community members,
Friends, it has been a little time since I added liquidity to the pairs I recently started. I added liquidity to my newly added pair which is the swap.hive and colony token.
Now, for those who do not know, let me give you a quick introduction about what the colony token is. It is the native token of the Arcade Colony platform where you can see various games like Moonkart, Splinterlands, and others. So the colony token is the native token of this platform.
In the screenshot below, you can see all the tokens I have invested in. At number one, I have CCD token. Recently, I started to trust this token a lot, but for now, I have stopped investing in it because of the things going on within the team of this project.
Then I have Leo token. I did not buy them, I actually earned them by writing here on the Leo platform. At the bottom, you can see colony token and Zing token. These are the tokens which I have earned from my liquidity pool positions.
Now let us look at my liquidity positions in the screenshot below. For Zing and Hive, my liquidity position is giving me 44% rewards APR, and for swap.hive and colony token, my APR is 25%. Currently, I am earning 4.2 colony tokens every day. That is what we can see from the screenshot below.
Now let us move towards the add liquidity section on Tribal to add liquidity in the swap.hive and colony token pair.
In the screenshot below, you can see that I am already on that page. To come on this page, you just have to click on the link below and it will take you there. So just click on it.
Now in the screenshot below, you can see that there is a button next to the colony token balance which is the max button. I have to click on it so that all the colony tokens I have can be used for the liquidity pool.
You can also see that I have to spend zero point fifteen HIVE token as well. So today we are going to add liquidity of two hundred one colony token and the equivalent HIVE token.
After providing this liquidity, our total rewards have gone up from 4.2 colony tokens to 4.5 colony tokens as you can see in the screenshot below.
That is the benefit we have got by providing more liquidity of 201 tokens. Collectively, we have now provided a liquidity of more than 3000 colony tokens as you can already see, so I am happy with this.
My target is to reach one 100k colony token of liquidity which means I have to work 30X more to achieve that. This also means I have to invest around 120 HIVE in the pool to reach there. I hope I will achieve that target very soon.
That is all for this blog friends. Thank you for reading till the end.
