Hello everyone. The LP reward distribution period in the Cent/Bee and Cent/BEED liquidity pools has ended. Yesterday, we restarted the LP reward distribution period in these pools. We set a 365-day distribution period in both pools. We added $900 worth of LP rewards to the liquidity pools in question. We paid 200 BEE as a fee to restart the LP reward distribution.
There are 3,044 BEE tokens in the @centtoken account. The account received 23,500 Bee delegations. As mentioned in previous announcements, we are very determined to accumulate BEE tokens. We will keep the liquid Bee amount high with both curation processes and active management of liquidity pools. We are actively market maker in the Hive/Bee market.
- 365 BEED and 365,000 CENT LP rewards were added to the Cent/Bee liquidity pool. There is $1846 worth of liquidity in the pool. The current APR in the liquidity pool is 33.6%.
We are actively market maker in the Cent/BEED market with the @centtoken account. Since the reward distribution period in the Cent/BEED liquidity pool has just started, there are very few BEED tokens in the account. However, we will increase the amount of liquid BEED held over time. We will also add liquid BEED tokens to the liquidity pools to make the liquidity in the pool more attractive for trading. The @centtoken account does not receive LP income from Cent's liquidity pools.
- 365 BEE and 365,000 CENT were added to the Cent/BEED liquidity pool. There is $1330 worth of liquidity in the pool. The current APR in the liquidity pool is 21.6%.
Here You can learn more about the BEED Token Study. Cent/Bee and Cent/BEED liquidity pools are connected to the study I mentioned. Therefore, since the reward distribution periods have just started, the APR will naturally remain low for a while. However, as time goes by, both the amount of liquidity in the pools and the APR offered will continue to increase. See you again. Stay tuned.