Hey All,
Nothing comes for FREE and that is the bitter truth. You want to earn money you got to invest and take that risk. There is an old saying in economics which goes like:: Higher the Risk Higher is the Profit. One who takes the calculated risk is the one who makes the path towards financial freedom. There is no doubt about it that investing in Cryptocurrency is like taking risk and when you are into it you need to pave your way out with careful planning and strategic decision-making. At the moment, I am providing liquidity for 4 pools which are ZING/HIVE SIM/HIVE, PKM/SPS and CROP/SWAP.HIVE*** which is the recent addition to the list. The following snapshot showcase that at the moment my total assets worth is more than $6K+ and continues to grow slowly and steadily as I reinvest back the rewards back to the liquidity pool in regular intervals.
What is - My Strategy Ahead...
Well to be honest this is only the defi pool that I am invested into meaning I have liquidated assets from other blockchains and am totally here on #HIVE. I had some assets on the Osmosis chain - which I did liquidate recently and brought all the funds here to the HIVE Blockchain. As mentioned above my recent addition to the new pool is CROP/SWAP.HIVE and started with an investment of around almost $1K+ This gives me a dual benefits which is earnings in terms of #hive daily and the CROP POWER which has to do with the game dCrops cutting the story short the CP allows me to receive more rewards in the game in the form of chests. So what am I planning next here is the big question to be answered? Well the long term goal here it to build the investment in the liquidity pool and bring it to the level of $10K+.
Yes that is the number that I am targeting but this is not going to be all of a sudden rather in the form of gradual moves slowly and steadily. But the trick is that most of the income that I pool in will be coming in from the existing investment and I will just to up the investment in regular intervals. At the same time, I would be leveraging my other passive income streams that I have built here to build this corpus up. The #dec, #sps, #sim rewards all will be used in some form or the other to increase my stake in the liquidity pools. I started from no where and it feels like building a good amount of corpus here on the #HIVE Blockchain is a big achievement. The best part is that this is not only getting me an APR of above 20+% but at the same time daily $HIVE earned is being used to powering up my HIVE account -- so its helping me to build my HIVE POWER stake as well. That's all about it on my plans ahead to building my position in Liquidity Pools and the strategy to build it further there is no stoppage whatsoever...cheers
Have Your Say on Liquidity Pools here on HIVE Blockchain..
Are you building your stake here on the HIVE platform? Selling Vs HOLD - second layers tokens #HIVE? Which is your favorite liquidity pool? What are your general thought around the platform #HIVE? Please let me know in the comment section below...
#hive #liquid #hodl #liquidhive #liquidity #lp #passive #defi, diselpools #liquiditypool
Increasing My Stake in Liquidity Pool - Crossing $6K+ Mark - My Strategy Ahead...
Image Courtesy:: pro canva, peakd, tribeldex, beeswap
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers