So LP rewards are live on TribalDEX! For some of the pools that have jumped right on it there are additional rewards available to liquidity providers.
If you head over to TribalDEX and look at the various pools available you'll see shiny golden badges next to the pools that have additional rewards available to Liquidity Providers!
Unfortunately I'm not big into BEE right now so lets scroll down and see what other pools are providing LP returns!
As of this post you can provide liquidity to the pools shown here. I'm certain more pools will add rewards over time but big ups to NEOXAG, PIZZA, BEE, and SIM pool owners for jumping right on it and getting some tasty rewards out to your liquidity providers!
Of course being a fan of PIZZA I'm gonna drop some liquidity in that pool and show you how the returns look!
SPOILER ALERT- they look pretty tasty!
Click ADD LIQUIDITY here on the Pools screen to set it up.
You'll get a screen that looks something like this with a search bar to find the pool you want to provide to. Make sure you get the right one so that you get LP rewards... otherwise you are just playing the price spread!
There's only one of each pool right now but it is totally possible for someone to create another pool for the same two tokens!
Enter the amounts for the tokens you are going to provide to the pool. You'll need an even amount of each token. Click on Add Liquidity and do a little Hive Keychain action and you are good to go!
Here's what dropping a little SWAP.HIVE and PIZZA into the pool is gonna generate for me daily from the reward pool. Of course that will change as more people add liquidity and people perform swaps. Still pretty legit returns for just a few HIVE I'd say!
Bear in mind there is always risk with Liquidity Pools! Decide if it's worth the risk for you and DYOR before you jump in!