Hey All,
I got the $EVD tokens via the Airdrop for staking $EVMOS. And ever since have been invested in the liquidity mining of EVD-EVMOS started on Diffusion.App farm #21 I have been slowly increasing my stake in the LP pools. I know total deposits in the pool is not that big i.e. touch $8K. But what is more important to me as of now is to accumulate the $EVD tokens along with my stake in $EVMOS. Just to add one liner what is Evmos Domains is - then in brief it is a decentralized name service for linking the Evmos. For more about the $EVD project check here - Evmos Domains
$EVD token is the Evmos Domains Governance Token. With: Total Supply - $EVD - 10 Mil. I want to get to a point of having accumulate at least 10K+ $EVD token and then I would stop enhancing my stake in the EVD-EVMOS Liquidity Mining pool. Incase if you are not aware then the 40% of total supply which is [4 Mil.] goes out to the liquidity farming on Diffusion over 2 years. So there is a plenty of room to accumulate these tokens if it interest you. And if farming is not cup of your tea then you can swap the token on the Diffusion app directly.
My strategy ahead with $EVD is not leverage my staking reward earning via the $EVMOS. Right now all my daily earning get redirected to the pool. And once I have accumulate 10K+ $EVD token then I will exit the pool, take the $EVMOS invested and add it back to the $EVMOS staking pool. As of now I have 1K+ $EVMOS staked and 170+ liquid. In between if the price of $EVD pumps then I may look to book some profits as well or the other way around as well; which is if $EVMOS pumps then I would swap it for $EVD and accomplish my goal of having 10K+ $EVD accumulated.
Increased my STAKE in EVD-EVMOS Liquidity Mining & Strategy Ahead...
#evd #airdrop #evmos #lp #investment #strategy
Best Regards
Image Credits:: evmos, diffusion, evmos.domains