CENT/LBI Liquidity Pool Active, LP Reward Distribution Begins

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(Edited)

Hello. I'm here with news of a new collaboration. Today, we've created a CENT/LBI liquidity pool. We've activated liquidity provider rewards. We've set the distribution period to 365 days.

lbi.png

We've added 235.000 Cent LP rewards to the Cent/LBI liquidity pool. More LP rewards will be added in the coming period. We've also added some liquidity to allow swap transactions to begin in the pool. @lbi-token and @centtoken accounts will not receive LP rewards if they add liquidity to the pool.

As part of the TRADE Token Project, we're continuing market-making operations with the @centtoken account. Currently, we're primarily trading BEED and Swap.HBD tokens. However, once the extreme price movements in Hive stabilize, we'll begin market-making operations in LBI Token. You can start earning LBI tokens by providing liquidity to the Hive/Trade liquidity pool soon.

I thank @lbi-token for their collaboration proposal and contributions. We will continue to work on further collaboration between the two projects. For more information and updates on this topic, please follow @centtoken, @lbi-token, and @lbi-cent. See you soon.

Posted Using INLEO

cent lbi hive-engine crypto proofofbrain neoxian inleo leofinance hive-173575
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13 comments
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Thank you @anadolu and @centtoken for the collaboration. I have taken a lot of inspiration from how liquid your token CENT is, and the multi pool method you have used to have a highly liquid token. Working on improving LBI's liquidity and CENT appeared on my radar as an excellent fit. LBI has entered several pools via the @lbi-cent wallet, and I have more funds to allocate to that wallet to boost our positions.

LEO has been added to the distribution contract from our side, with an amount of 2 LEO per day currently allocated. I'll monitor liquidity over time and keep an eye on that. Remember, those LEO are locked in the contract, and will go out to LP's whether LEO is trading at $0.13 or $13.00, so the APR will go up as LEO does (as I believe it will).

Looking forward to getting to know the CENT community.

Cheers,

JK for @lbi-token

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Thank you for this. LP rewards worth 730 LEO (235,000 CENT) at the current price have been added. I hope this collaboration brings more success for both tokens.

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It's crazy out there
1000010302.jpg

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Hey @jocieprosza - I think that sometimes such a small swap can show big slippage due to rounding issues. LBI has only 3 decimals, and that throws out the "price impact". Check different amounts, but I think that's the issue.

I know you are worried about diluting liquidity, but my goal is to draw more LBI into the pools, to transform LBI into a liquid token instead of one that is hard to exit if need be.

Give me time with the pools so we can see if it works. If not, I'll be the first to admit I was wrong.

Cent for example has over 40% of its token supply in LP's. LBI has around 12%. Despite having a smaller total market cap, cent is much more liquid and easy to trade.

Cheers mate, will get that post about LP's done when I can.

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I checked LBI. I wonder how Leo Backed Investments works.

!BBH

!PIZZA

!LOLZ

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The LBI study is quite inspiring. When the price of LEO increases, portfolio value increases. If the price decreases, more LEO can be accumulated.

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So capital from SURGE plays a big role in the price appreciation of LEO.

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LBI has around half of its assets in LEO (or LSTR and SURGE)

We also have big positions in EDS, DAB, and PWR projects.

To learn more, check our weekly update posts.

Token is fully issued and has no inflation, in fact we do a small burn each week so are very slightly deflationary. There is no way to earn LBI, it can only be bought off the market.

Project was launched way back when LEO launched (before HIVE even existed) by @silverstackeruk (who also runs SPI and EDS). A bit over a year ago, we re-launched with myself (@jk6276) taking over running the project.

Cheers.

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That's marvelous news, and that's another excellent project with which to collaborate. The more CENT pools, the better! 😁🙏💚✨🤙

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