Hey All,
First things first - lets have a look at - What is the PKM token is all about? If you're not familiar with it, then let me tell you that the PKM token is a utility token on Hive-Engine and is distributed to PeakMonsters users as a reward. There are several ways to earn PKM tokens, one of which is by providing liquidity to the PKM - SPS Liquidity Pool on Hive-engine Here. A point to note here is that PKM:SPS has one of the best APRs across various Splinterlands related liquidity pools.. This is not the first time that I am providing liquidity to this pool. But have been here from the day 1 when PKM:SPS LP started. Check here my current status::
My current stake in PKM::SPS Liquidity Pool - Road to 350K+ PKM
Yes, I have a good chunk of money invested in this liquidity pool almost touching $600. Right now I am getting close to a dollar as reward in the form of #DEC, #PKM, #SPS and #VOUCHER tokens. I have this Goal to build my stake of having close to 350K+ PKM tokens and as a result on a daily basis all by SPS & PKM rewards is added back to the liquidity pool. Recently the reward pool was not updated with the rewards and we were not getting anything and I started to think that should I remove the liquidity and its when I saw the PKM:SPS Reward Added to the Pool & here is the snapshot of it showing $3.5K+ of rewards in the pool at the moment which will be distrusted in 117 days and you can see the APR which is above 49% at the moment.
Just an FYI.. I started with a GOAL of 150K+ PKM and after having achieved it new target for PKM has been set. There is still a long way to go as I need another 70K+ PKM and equivalent #sps tokens to be added to the LP pool. Which, I am quite confident that I should be able to get there in coming months - probably by the end of this year, 2024 or early 2025.
PKM Token Dynamics...
There would be only 500 Mil. PKM tokens ever minted. And most of it is going to be Airdropped i.e. 375 Mil. to users of the PeakMonsters.com marketplace. Check the details on the PKM token dynamics here - HOW TO GET PKM AIRDROPS?. I had entered the PKM:SPS pool from day 1 and I am earning LP rewards daily so happy with that. Finally, I am in no rush here and will continue to build my stake here - PKM-SPS. Its bit sad to see #sps trading at its all time low though. That should be it for todays post and until then its a #hold and build for me #sps and #pkm tokens. So looking ahead for a bright future with PKM tokens staked and building the stake daily. Lets see how things churns out in the long run. But for now the plan is to remain invested and keep accumulating and #HODL both #SPS and #PKM tokens for now... cheers...
Have Your Say on PKM:SPS Liquidity Pool Rewards...
Are you invested in PKK:SPS liquidity pool? Did you notice the APRs and the rewards being giving out? What is your strategy moving ahead with PKM:SPS Pool? Would love to hear your thoughts around it in the comment box below... Cheers...
PKM:SPS Reward Added to the Pool - APR above 49% at the moment - My Strategy Ahead...
#pkm #sps #LP #liquidity #liquidtypool #lp #splinterlands #sps #hodl #defi #investment #strategy
Best Regards
Image Courtesy:: peakmonster, pkm, beeswap.dcity.io, leofinance
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects