Hello dear Cent Community. As of yesterday, the reward distribution period in the Hive/Cent liquidity pool has ended. Today we started the distribution again by adding some rewards. We determined a distribution period of ninety days. And we defined 180 Hive and 360,000 Cent LP rewards into the liquidity pool. More rewards will be added to the Hive/Cent pool soon. The reward distribution period will be completed in approximately three days in the Cent/Leo and Cent/Pob liquidity pools. We will reactivate LP reward distribution in these liquidity pools. However, for this we need to accumulate some capital.
We announced that Cent distribution in the reward pool and liquidity pools would decrease over time. Therefore, we will continue the current distribution of the reward pool in this way for a while longer. APR rates on liquidity pools will remain high for a while. Because we do not think we have reached sufficient liquidity yet. If the liquidity in the liquidity pools increases further, the current APR rates will stabilize. We can then slightly increase the distribution in the reward pool. This way, authors and curators can get slightly more rewards than the current distribution.
We have often mentioned this before; We are shifting our primary strategy towards Cent converging to the price target. Therefore, reward distribution in the reward pool and liquidity pools will begin to balance as APR. We will reduce the distribution of Cent over time, except for the reward pool. For this, we will focus on 'Hive-Engine Operations'. At the same time, "Cent Burning Events" will continue where they left off. We will encourage long and medium-term Cent investment through various events.
If you want to take a look at the current situation of Cent, we published a data about ten days ago. We will also publish data about the current situation in liquidity pools next week. Follow this account for new news and announcements.
