RE: CENT/LBI Liquidity Pool Active, LP Reward Distribution Begins
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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
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.
It's crazy out there
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.