I began to receive distribution rewards the day after I joined the ZING:SWAP.HIVE Liquidity Pool (LP) with 38.67 ZING tokens transferred to my Hive Engine wallet for the first time. I will be getting 44.131 ZING tokens for today; higher than the daily rewards I've been getting but maybe because the price of ZING had gone down. Hive price is almost at the same level as when I got in, so this is where the difference came from. The LP APR had even gone down from 32.05% (7 days ago) to 31.06% so I attribute the higher rewards to the change in ZING token price.
Delegation rewards sent 30.568 ZING tokens, which is nice. At 13.05% APR, it will increase my ZING token balance on a regular basis. I still have some HP available so I plan on increasing my HP delegation.
Overall, the dollar value of my LP decreased by 16% from the time I joined versus today. I came in at $70.01 and now it is at $58.61. This was a bummer, but not unexpected.
After I claimed the rewards, I staked my liquid ZING tokens (238.01) to increase my staked ZING from 863.34 to 1.1K (1,101.352). The 17.38% APR will be put to good use with a higher staked ZING, which I'm hoping as an investor to yield good profits in the near future.
So, that's it for today's blog. Thanks for dropping by and checking out my post. Please share your thoughts on the ZING token and the HoloZing game. It's something that I still have to learn much about.
All the best,
