Hey All,
At the moment the Liquidity Pool #803 on [Osmosis App] surpassed $12+ Mil. And when I entered the LP ATOM/stATOM at that point in time the liquidity pool was worth 10+ Mil. So all in all the value of the LP pool in increasing day by day and the trading volume is also on a higher end where we are seeing 24 hours trading value crossing $15K+ mark. Here is the snapshot from my earlier $620+ investment into the ATOM / stATOM Pool liquidity; and at current levels its worth $750+ now.. not that bad overall in terms of the LP value increasing.
This all is because of the $ATOM gaining 12% price hike; currently trade at $13+. Apart from all these gains, I did get the $STRD token as LP reward. Currently, I HOLD close to 26+ $STRD tokens which is worth $8+ and on a daily basis the LP reward keep compunding.. No way that I am selling these $STRD tokens at the moment.
So over all it has been a good experience/decision to enter the ATOM/stATOM Pool on Osmosis App as opposed to keeping liquid $ATOM ideal in the wallet. The plan ahead is to keep on accumulating the $STRD LP rewards and wait for the right opportunity where $STRD pumps. Right now its trading in the range bound between $0.32 to $0.40 cents.
I am currently looking forward to some great returns and until then will keep on accumulating $STRD tokens via the yields..If $ATOM pumps from here and is able to break the $15+ mark then I would exit the LP pool and would book profit. There is also a plan to swap $STRD for $ATOM if $STRD trades above $0.50+ and get the intial investment of 59+ $ATOM back.. this is going to take a while but that's the plan for now with my ATOM/stATOM Pool on Osmosis App.. cheers
#strd #rewards #stake #statom #defi #staking #atom
My Earning with ATOM/stATOM Pool on Osmosis App & Strategy Ahead...
Best Regards
Image Credits:: stride.zone, app.osmosis.zone, coingecko