RE: Comment and win ecency points - Adding CENT? and other ideas
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There are multiple answers to that question. The same can be said about HIVE as well. The price is dropping compared to even earlier this year. I also look at value and not necessarily price when looking at tokens. yes price mattes ..but. . Let's say you are brand new to Hive and have np crypto. you could earn CENT , (BBHO and other tokens for posting., BBHO price has also gone down significantly since it's launch and it is a lot younger than CENT. But there is value in BBHO besides price just like CENT) you can then turn around sell half the cent and join the liquidity pools for free and compound from there. The pools bring value. Liquidity rewards are paid daily, plus you earn on every swap. CENT has done a lot of good for the ecosystem of Hive and Hive engine tokens. they even have a small burn initiative not just for their own token That is value that price does not reflect, in my personal opinion.
I always try to stay open minded. So I would like to see what those pools bring in to assess the risk-reward-ratio. If you (and the community) decide to go for an investment in CENT I will still support it, even unstaking and sending you all my CENT (it is not a lot)
!BBH
Here are a few images of the rewards. These rewards do NOT include the fees from swaps/trades but this is is the baseline rewards. Look at the USD value of TVL (total value locked) and the daily rewards on the left (sent automatically). Most CENT pools are at around 50% APR or more. For context all rewards in liquidity pools "expire". when they do he just renews. He also adds to the pools regularly-it's how he can sustain the high APR . The first is the Cent/ TRIBE pool
Second image is cent/hive pool.
In my personal opinion the risk is less than buying a dividend paying token as many of those are over priced for the amount received in rewards. That is just my opinion . yours may be different. I appreciate this discussion. ❤️🦄
well than let's try it, but also stay diversified, not going all-in : )
God no. I never go all in on anything. I'd be a terrible poker player lol. Getting into the pools, in general was always the plan, especially as of late. Diversification for sure. It's also 99% passive, just gotta compound once in a while to keep things growing. Also the CENT pools will not be the only pools we go in as well. There are a few hidden gems and a longer term strategy I will get into in detail in an upcoming post a few weeks from now)
This conversation was fantastic, it got me thinking and seeing things from a different perspective. thank you for taking the time to discuss. In fact I will send you 2 HSBI one for your post and one for your time here. As always ,please feel free to suggest other things, tokens, etc.I genuinely want to hear from folks. !HUG
It is a pleasure for me to actively participate in this project! <3
!BBH