Hey All,
To date I am still actively utilizing liquid staking through the Stride Platform, also referred to as The Liquid Staking Zone. My journey began with staking over 50 $ATOM, which, in turn, rewarded me with an equivalent amount of stATOM. Subsequently, I extended my involvement in the DeFi sector by offering liquidity for the $ATOM - stATOM pair on Osmosis, specifically in pool #1103. Below is a snapshot detailing my pool balance and daily earnings. At the moment the Liquidity Pool #1103 on Osmosis App is almost touching 3+ Million mark and the APR given out is above 10%. The sad part is that unfortunately my investment has come down drastically from $1K+ to now only $600 and for that reason I plan to exit from here.
At one point in time the LP value used to be greater than $1K+ and its now reduced by 30% left with only $600+ and continues to fall further as $ATOM has been on a declining mode where currently it is trading for $6.65+ where normally it used to trade around $10+ sad to see it fall/decline so much. There are some other assets as well that I have on Osmosis which are #STRD, #QCK and #stATOM and would be around $100+ worth
If I sum it all then I have close to $800+ dollars on Osmosis chain. The plan ahead is that I'll be exiting all the liquidity pools i.e. #1103 and the other is stEVOMS-EVMOS and redirected those funds here on #HIVE. It been long time that $STRD tokens are not being giving out any more for providing liquidity. So that is another reason to exit as earlier every third day of the staking rewards received, I was swapping my $STRD tokens with $EVMOS and now that is not an option. So what is the plan on using those $800? To be honest I have two tokens in mind::
#SPS is trading near to its all time low, so the plan is to grab as much of these governance token of the game Splinterlands. And some money I am going to redirect to buy #SIM which is yet another governance token of the game #dCity. I have this GOAL of providing 10+ Million #SIM to the liquidity pool of HIVE-SIM so these funds would come in handy. Here is my current state with #SIM liquidity almost touching 6 Million mark with 1600+ #HIVE pooled in.
Have Your Say on Liquidity Pool Atom/stAtom - Evmos/stEvmos
Did you explore the Osmosis Zone Pool #1136 for Atom/stAtom? What are your thoughts on Liquid Staking on Stride Platform? Let me know your thoughts on the comment box below?
#strd #rewards #stake #statom #defi #staking #atom #osmosis
Best Regards
Image Courtesy:: leofinance, osmosis, pro canva, beeswap
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