Hey folks!
We've had far more interest in our pools as of late and as such, the amount of questions regarding how to participate have increased as well. I wanted to throw together a quick guide on how to participate in our 'diesel' pools and a few notes regarding them.
First let's go over the available pools and what rewards are offered in each of them at time of post. Keep in mind, we regularly add to them which may increase the APR!
The Pools
Over at PIZZA we're building an incredibly gamer-centric community (along with artists, musicians, and other creative types) and through partnerships will continue to grow these opportunities. Here are the pools and their APR at the time of this post:
- PIZZA:ONEUP - 332.587%
- PIZZA:STARBITS - 211.666%
- PIZZA:DEC - 207.389%
- SWAPHIVE:PIZZA - 196.199%
As you can see from above, we have multiple opportunities to earn incredible passive rewards for providing liquidity in our pools. This liquidity allows people to easily convert from one type of token to another, using your (and everyone else's) token to create a swap. We take a little of our token A, and give it to them in exchange for some of their token B and vice versa.
Each of the PIZZA pools offers diversity and 'a little something for everyone' depending on what your game preference or goals are. Let's take a look at what rewards are offered in each of our pools.
Pool Rewards
- PIZZA:ONEUP
- ONEUP: 112.360 ($5.212)
- SWAP.HIVE: 5.618 ($11.685)
- PIZZA: 33.710 ($4.558)
- PIZZA:STARBITS
- PIZZA: 19.255 ($2.591)
- STARBITS: 111664.115 ($30.280)
- SWAP.HIVE: 1.481 ($3.067)
- WINE: 4.061 ($0.675)
- PIZZA:DEC
- PIZZA: 0.019 ($0.003)
- SWAP.HIVE: 5.085 ($10.525)
- AXS: 0.014 ($0.003)
- APE: 7.285 ($5.278)
- DHEDGE: 16.999 ($3.905)
- UTOPIS: 6.780 ($11.943)
- LVL: 40.000 ($0.041)
- WINE: 5.560 ($0.924)
- MONEY: 50.000 ($1.035)
- SWAPHIVE:PIZZA
- SWAP.HIVE: 11.204 ($23.192)
- ALIVE: 14.260 ($0.590)
- UTOPIS: 10.875 ($19.157)
- VIBES: 0.414 ($0.005)
- APE: 16.966 ($12.292)
- CTP: 14.534 ($0.244)
- ONEUP: 0.449 ($0.021)
- BRO: 0.500 ($2.588)
- INDEX: 1.290 ($2.190)
- DEC: 684.534 ($7.251)
- DEGEN: 862.434 ($4.070)
Each of the pools above pays the listed rewards out each day. The payout is split between all liquidity providers in the pool, with you receiving an amount proportionate to the amount of liquidity (or shares) you provided. The daily amounts above are in USD and may fluctuate as the price of HIVE fluctuates.
Choose a pool that is right for you. For example, the SWAP.HIVE:PIZZA pool offers not only a nice daily HIVE payout but also rewards LPs with compounding tokens such as BRO, INDEX, APE, and UTOPIS. Each of these tokens continues to pay you in compounding rewards such as tribe tokens or liquid HIVE just for holding them in your wallet, so you continue to earn rewards even after earning rewards from our pool! It's a pretty sweet setup!
If you're into Rising Star, you could also join the PIZZA:STARBITS pool to enjoy rewards in PIZZA and STARBITS daily to aid you in your daily gaming goals in Rising Star!
Adding Liquidity
Adding liquidity to the pool(s) of your choice is extremely easy.
Here are the direct links to add liquidity to our pools:
PIZZA:ONEUP
PIZZA:STARBITS
PIZZA:DEC
SWAP HIVE.PIZZA
Once there, simply add the same dollar amount of each token in the pair. So if you did $100 worth of PIZZA, also do $100 worth of STARBITS, for example. You can also click the MAX button for either token to add the max amount.
After that, you're good to go. Sit back and collect your share of the rewards sent liquid to your wallet every day!
Notes
You will miss the following 24 hour reward period after adding liquidity. Try to keep that in mind when increasing your liquidity amounts. I don't recommend adding more every day as this would constantly prevent you from receiving the next days rewards. One common tactic is to stack all of your rewards up throughout the week then add it to your liquidity at the end of the week to prevent missing multiple days of rewards.
You will receive the your payout daily and liquid to your wallet as long as you did not add liquidity in the previous period as we mentioned above. There is no block explorer currently but you can check [hiveblocks.com](hiveblocks.com] to confirm your payout did go through. In almost all cases, if you did not receive a payout it means you added liquidity recently.
We do recommend brushing up on the subject of impermanent loss. The very short version is, because you are providing liquidity for swap, you could end up with more of one token than the other than you did when you originally deposited. As is with tokens, the value could go down and in the long run could leave you with devalued tokens. The idea behind swaps are that the rewards are typically high enough (such as our 200-300% APR rewards) to offset this loss. It's just good to understand it as we often get the question of "why do I have more token than the other" as folks swap back and forth.
Conclusion
I think that's about it. During this last price hike our total pool volume crossed well over 1 MILLION total swap provided in our pools and we have quite a few people earning big!
If you have any questions, feel free to join our Discord where we help new liquidity providers out every day! We're also awesome and one of the most active communities on-chain, so come say hello! Join Discord
DELEGATE TO PIZZA
You can also delegate your HP to our @hive.pizza curation account and farm your share of the daily $PIZZA rewards pool! The reward pool increases 10 tokens every 10k HP that is delegated to the account!
| 100HP | 200HP | 500HP | 1000HP | 2000HP | 3000HP | 5000HP | 10000HP |
|---|---|---|---|---|---|---|---|
| Click Here | Click Here | Click Here | Click Here | Click Here | Click Here | Click Here | Click Here |
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