Hello to my fellow community members,
A few days ago, I reviewed the Holozing liquidity pools and explained why liquidity pools can be risky and also shared if you should participate in them. I personally decided to increase my positions in them. Last time, I also shared how much Return on Investment I received so in case you want to check that blog out you can do that below.
@tanujaroy/should-you-join-holozing-liquidity
So friends, today we are going to increase our liquidity positions again, and the amount I added last time, I will add almost four times of that today.
So we have added 400 ZING tokens today to the liquidity pool which is four times from the last time that was 100 ZING tokens.
Friends, I want my Zing token rewards to increase with time. Right now, I earn approximately 4 Zing tokens every day, and I want a time to come when I earn 100 Zing tokens per day.
That is my Holozing liquidity pool graph for half the year.
So friends, that is why whenever I can increase my liquidity position here, I will do it to reach my 100 ZING tokens per day goal. Also, today I am going to share an incident with you that is related to a decentralized exchange and to the liquidity pool.
Friends, there is an exchange called GMX, and there a hacked exploited the exchange to stole millions of dollars from there.
So friends, this amount was worth 40 million dollars, which the hacker stole from there. And the people who had provided liquidity there suffered a big loss.
Hive Engine is also a decentralized exchange where we provide liquidity for the Zing token. And that is why I want to ask, in case something like this happens with Hive Engine, what will we do in the future?
In such a case friends, I am curious to know that if something like this happens on Hive Engine too, and a hacker comes and tries to hack, and actually hacks it, and our Zing tokens also get stolen in it, then what will the Holozing team do?
I know that no one has ever promised to compensate if our tokens are stolen, but still I would like to know what is done in such a situation, because the project teams know how to handle such situations.
So just for my curiosity, I would like to know this. If anyone wants to comment on my post, I will appreciate that person very much.
So tell me, do you participate in liquidity pools? If yes, then which tokens have you provided liquidity for In the past. I have participated on centralized exchanges, but the only decentralized exchange where I have participated is Tribaldex / Hive Engine, where I have provided liquidity for the zing:hive liquidity pair.
And friends, as I said, in the future also I will keep increasing the liquidity position of my Zing:HIVE pair so that I will take my rewards to that level where one day I start earning 100 Zing tokens per day. That is all for this blog. I will meet you very soon in a new blog.
