DeFi Protocols Need Your Liquidity .:. WorkerBee PH-Pool Week 122

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In my last post, I was talking about distracting yourself, when we are experiencing some stressful situation, for example, what we had a 2-3 days ago with a huge dump of many tokens... Another way of distraction is moving our focus from short-term thinking to long-term thinking... There is no sense to stress about the current market conditions as they will change... they always do... So, instead of stressing, why not think about the future and prepare ourselves for better days...

One of the narratives that moved the whole crypto market up a few years ago was DeFi... Unfortunately, many people when hear DeFi think about yield farming, which was just a part of it, but not the point... We had many scam websites/tokens that were very inflationary and many people were chasing high APR for "staking liquidity" and lost a lot of money doing that... From my experience with inflation and hyperinflation, I learned one important thing... In a battle with inflation, your probability to lose is very HIGH!


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Created in Canva.com

But, if we want to move away from centralized exchanges and use DEXes (Decentralized Exchanges), the concept of liquidity pools is necessary... If you use a bank, it is (should) providing liquidity for you, if you are using DEX, regular folks are providing liquidity... Yes, we still have that impermanent loss that can ruin your profits, but with less volatile tokens the concept of earning fees by providing liquidity can pay off...

DeFi space is continuously improving, and after those yield farming experiments, we are having a better, more stable, and more secure solution for providing liquidity into pools... Here on HIVE, we have diesel pools, where you can provide liquidity for different pairs, and one of the often-used tokens is a BEE token that we are mining here...

With developments and innovation, the APRs on these pools are lower, but that's normal as they are moving toward more sustainable solutions, but that's good, isn't it?

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Back to the report numbers!

In the last 7 days, we didn't get new members, nor we lost any! We got some new delegations from people from the pool... Thanks for that!

In the last 7 days, we mined 141 BEE tokens in total!!!

This POOL doesn't have fees and you get up to 20% MORE by delegating to it!


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What about the bonus tokens?
The CTP token stands for Click Track Profit, and you can use these tokens for curating tokens on their tribe website https://ctptalk.com/, or by using the tag "ctp" on your posts... It is one of the oldest tribes on HIVE, but as you can see, the token price went down a lot... But, maybe it hit the bottom?

There will be distributed 1500 CTP tokens to the delegators of the pool as a bonus reward today!


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As always, in the end, let's give the exact numbers for this week... There will be distributed 141 BEE tokens and 1500 CTP tokens as a bonus... The APR (without the bonus) was 7.478%, and when we added the bonus it went up to 8.800%!

I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...

Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...


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If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get the portion of mined BEE tokens and BONUS rewards!

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All payments will be made after publishing this post...

If you have any questions, please leave them in the comment section!

You can find more about this pool in the initial post here https://peakd.com/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other

Thank you for your time,

~ph~


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If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...

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Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!

You can also find me on LEO Finance .:. Twitter .:. Odysee

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37 comments
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I feel we weren't ready for Defi in 2021, it was mostly hype and farm, this was why it was mostly susceptible to scam and hack. There were many hacks and today a lof of investors don't want to ride the risky waves of defi

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I would say that those were the first baby steps with a lot of experimenting... The perfect ground for scams... But, luckily, the underlying idea is good and it evolved (and still evolves) into something good... in my opinion, it is going to the right direction...

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It'll generally evolve. I talked about this in one of my videos. I also feel NFT are one aspect that was overblown and taken advantage of. Defi too has to undergo some redefining process.

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I also feel NFT are one aspect that was overblown and taken advantage of.

Oh, you are 100% right about the NFT usage... They were used in a completely wrong way... When you see Splinterlands, you see the "real value" of NFTs... Also, we will probably see NFTs in Defi, as representatives of our stake, liquidity... It already exists, but I suppose that we will see more of that...

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Another way of distraction is moving our focus from short-term thinking to long-term thinking...

This is the only right way!
!CTP
@tipu curate

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It is, but it's not easy to lower the noise... 😃

Thanks for curation!

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I agree that we don't need to take stress 😬 and I don't open my crypto wallet when it's bearish market and enjoy something from real life

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I don't open my crypto wallet when it's bearish market and enjoy something from real life

hehehe... That's my way too... Out for a walk, or to the beach... Definitely, better than stressing 😀

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CTP is also my first tribe, nice to get CTP tokens.

!PIZZA

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Thanks for being part of the pool!

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The Defi days were crazy. Everyone was chasing after the APR and none of it was really sustainable because the project didn't generate enough value.

Thanks for running the pool and for the BEE/CTP tokens

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It was completely unsustainable, even for the heavy bull market... That's why DeFi protocols that are operating now, will be those who will survive in the future...

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I wish I had much WORKERBEE token to delegate, but I have been staking CTP!

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The liquidity of WORKERBEE is very low at the moment... Maybe some whale drops some tokens and we see better prices... :)

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Strong development and progress in the DeFi realm are very much needed and will be a gamechanger when we see this sector experience a level of maturation. I love DeFi!

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That will happen 100%... We already have dynamic liquidity pools, cross-chain pools, etc... Yes, APR will be lower, but it is much more sustainable in that way...

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Thanks for the update and tokens!
!LUV

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You are welcome! Thanks for your delegation!

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instead of stressing, why not think about the future and prepare ourselves for better days...

That's what i'm doing riight now.. keeping my consistency and waiting for 2025 bull run...

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I hope we will see some bull run sooner... 😃 2024 or such... But, if not, 2025 sounds good too :)

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The internet bubble had a lot of scams too, at first. Every initial iteration of something new is buggy and potentially exploitable. Plus the inevitable scammers. But if its value is recognized, a new iteration will make it much better and safer. I think defi is on this road.

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You are right, every tech has its ups and downs at the beginning... The problem is that people look at everything as black or white... "NFTs are pictures of apes and punks... and that's dead!"
No, it's not... NFTs are much more powerful than that... and the real implementation will come... not just for NFTs, but also for DeFi, privacy coins, web3 social media networks, etc...

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The way we saw that a few days ago we saw a lot of decline within the market and that was very bad news for the holders. As we have seen today that CPI is also very good and the way the Congress people are now taking action against it, it will be very good for the market.

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Yeah... there are some movements among politicians, but all that will take time... Anyways, I'm not too worried... Crypto will survive, but it will take some time to go back to where we were...

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Yeah you are right. It takes more time.

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