New Liquidity Pool - SWAP.HIVE:PHOTO (2% Daily Bonus)
(Edited)
Recently the Hive Images tribe and hive.photo launched with a PHOTO:MEME liquidity pool. Today a new liquidity pool was activated for SWAP.HIVE:PHOTO.
Image Source: https://tribaldex.com/dieselpools/pools
The new liquidity pool on tribaldex.com for PHOTO token has an initial balance of 500,000 PHOTO tokens as rewards for liquidity providers with a 2% daily bonus. Payments will be made daily for roughly the next year and a half.
Image Source: https://tribaldex.com/distribution
Image Source: https://beeswap.dcity.io/swap?pools&search=PHOTO
PHOTO token is available on the Tribaldex and Leodex exchanges. PHOTO can also be traded directly for SWAP.HIVE or MEME using BeeSwap.
PHOTO token can be earned through content creation and curation on the hive.photo website.
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Also available on Beeswap apparently. Thanks for this pool, I look forward to getting all the PHOTO tokens I can get!! 🤑
But now the APR drops from 900%+ to 0.002%... Hmmm....
I just checked and it's now 591%. It's a dynamic average and right now there is more selling pressure on the exchange than buying. It's a brand new pool so it will take a few days for more orders to come in and establish an equilibrium.
Thank you for pointing that out. I forgot about BeeSwap. The post has been updated with a link to BeeSwap.
Thank you also for supporting PHOTO token.
Most interesting, I will look into this closer + the new Diesel Pool 👍
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Super awesome and I noticed this and it said that if I wanted to I was the first person to play with it so I could set the price however I decided not to play around with that option.
However I did shift a bunch of my tokens over so I can get into the hive photo diesel pool.
Awesome job thank you very much.
Overtime we'll be providing some liquidity! Looking forward to seeing NFTs in the community too.
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I have what seems like a really basic question, but I can't find any post that answers it. In fact, yours is one of the few posts I can find at all that mentions a daily bonus on a liquidity pool, so I'm hoping you know the answer.
How does the daily bonus work? I've noted that if I'm in a pool that has a daily bonus, my total shares creep up, while my base shares remain the same (or only increase when I add liquidity). But what happens if/when I remove my liquidity from that pool? Will the bonus shares be available for removal as well, or are they only used in calculating rewards?
I know I could probably find out the answer by removing all my liquidity from a pool with bonus shares, but I don't really want to do that. 😅
Thank you!