My first experience with diesel pools was with a dip into the SWAP.HIVE:DEC pool in late October 2021. About 3 weeks later I moved out of the SWAP.HIVE:DEC pool into the SWAP.HIVE:PIZZA pool, and I made a few additions since then. While it's been a good 2 months for me, I thought it was time to move into a different diesel pool. Today I removed my share out the SWAP.HIVE:PIZZA pool and added equivalent amounts into the SWAP.HIVE:PLN pool.
Cover Image made using HTML and CSS except for DEX graphics. DEX graphics are from their respective DEXs. Light edits made using MS Paint.
Other images are screen captures from DEXs or wallets except as noted.
Screen captures came from TribalDex and were edited in MS Paint for clarity.
What Is PLN?
At one month, PLN is a relatively new token for something called the Pollen Loop Network. Below is a screen capture of PLN's info widget as shown by Tribaldex, followed by a text representation of the screen capture:
| Token Information | (from Tribaldex) |
|---|---|
| Logo |  |
| Symbol | PLN |
| Token Name | Pollen Loop Network |
| Supply (Circulating) | 37,437.1 |
| Supply (Total) | 37,437.100~000~00 |
| Supply (MAX) | 100M (100,000,000.000~000~00) |
| Issuer | @nectar-queen |
| Website | https://peakd.com/@nectar-queen |
| Description | PLN - Pollen Loop Network - Central token of the Aggregated Hybrid DeFi Gaming Agent: Nectar Queen. Add PLN to the liquidity pool to earn a share of Nectar Queen's daily reward distributions. |
| Precision | 8 |
| Staking | No |
| Delegation | No |
Nectar-Queen is an Aggregated Hybrid DeFi Gaming Agent, and PLN is Nectar-Queen's token.
If you're a gamer into DeFi, or an investor into gaming, PLN is worth a look. I'm a novice trader and investor, and I know enough to realize that Play-to-Earn is a booming sector within cryptocurrency. So what does the SWAP.HIVE:PLN pool have to offer liquidity providers?
The Rewards Offered by the SWAP.HIVE:PLN Pool
| 22 TOKENS!! |
|---|
| Don't believe me? The screen capture and table below show what I saw: |
| Item | Token | Name |
|---|---|---|
| 1 | PLN | Pollen Loop Network |
| 2 | SWAP.HIVE | HIVE Pegged |
| 3 | BEE | Hive Engine Token |
| 4 | NECTAR | Nectar Queens Gold |
| 5 | STINGER | Nectar Queens Secret Weapon |
| 6 | SPS | Splintershards |
| 7 | DEC | Dark Energy Crystals |
| 8 | SIM | dCity Token |
| 9 | CROP | dCrops Token |
| 10 | GAMER | Krypto Gamers Token |
| 11 | VOUCHER | Splinterlands Voucher |
| 12 | SPT | SplinterTalk |
| 13 | ONEUP | 1UP |
| 14 | SWAP.STATE | STATE Pegged |
| 15 | BXT | Beeswap Token |
| 16 | STARBITS | StarBits |
| 17 | ENTRY | ENTRY dCITY |
| 18 | BATTLE | BATTLE |
| 19 | AMBROSIA | Nectar Queens Treasure |
| 20 | QUEEN | Queen System Power |
| 21 | OH | Reason To Rhyme |
| 22 | FLOWER | bees like flowers |
After switching from the SWAP.HIVE:PIZZA pool to the SWAP.HIVE:PLN pool, this is where I stand:
Status Quo
I still earn rewards of SWAP.HIVE, SIM, and STARBITS.
Losses
I lost rewards for PIZZA, ALIVE, UTOPIS, LEO, APE, CTP, and WINE.
Gains
Losing UTOPIS (and LEO) hurt, but I gained an array of gaming tokens, bee-themed tokens, and even HIVE (indirectly):
Gaming Tokens
- SPS, DEC, and VOUCHER for Splinterlands; also SPT for the blog;
- SIM and ENTRY for dCity-- see "Special Mention" below;
- CROP for dCrops-- see "Special Mention" below;
- STARBITS for Rising Star;
- GAMER for the gambling games;
- ONEUP, SWAP.STATE, and BATTLE for the newer tokens;
Bee-Themed Tokens
- PLN for Pollen Loop Network;
- SWAP.HIVE -- without HIVE, we wouldn't be here;
- BEE for Hive Engine Token;
- NECTAR for Nectar Queens Gold ;
- STINGER for Nectar Queens Secret Weapon ;
- BXT for Beeswap Token ;
- AMBROSIA for Nectar Queens Treasure ;
- QUEEN for Queen System Power ;
- FLOWER because "bees like flowers" (yes, that's the token name);
Special Mention
SIM and CROP tokens deserve a special mention for one reason: Owning a certain amount of SIM or CROP (or both) qualifies one to receive daily drips of liquid HIVE. At the time I bought SIM I had no idea of this special feature, so I aped into some free liquid HIVE.
During the 14 January 2022 edition of Daily Crypto Markets Live Blog, @dagger212 had commented that by holding CROP a corresponding percentage of HIVE is sent to each holder every day.
The Reason I Switched Diesel Pools
That's 2 ways to earn HIVE daily. As much as I enjoyed the rewards from the other pool, it didn't offer me that ability. This alone was enough reason for me to make the switch. The fact that over 20 tokens are part of the reward pool is bonus.
Future Plans
For now, I can only participate in 1 diesel pool. As I build my portfolio on Hive Engine I may be able to participate in a 2nd pool, and at that point I'll re-enter the SWAP.HIVE:PIZZA diesel pool.
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|---|
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| Sometimes I discover posts way after the initial earnings period. It's too late for me to upvote posts then, so to make up for the lost upvote I send a slice of PIZZA instead. My main focus is cryptocurrencies from a number of angles (educational, commentary, observations, even pop culture). A secondary focus is sharing my discoveries about the world of Hive Social. Most of my posts can be found at these two locations: ● LeoFinance : https://leofinance.io/@magnacarta ● Proof of Brain : https://proofofbrain.blog/@magnacarta Follow me at this D.Buzz-only account : ● D.Buzz : https://blog.d.buzz/#/@magnacarta.buzz-- note the ".buzz" at the end! If you follow me at @magnacarta.buzz, please follow me at this account as well I expect 2022 to be the year I go from being crazy or weird to being eccentric. If that doesn't happen, then Festivus will last longer than I can stand. |
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Nice! This looks interesting. I'll definitely have to check it out. By the way, pretty sure there's a "minimum" of CROP you need to hold to qualify for the daily HIVE payouts. Not sure exactly what that number is (20,000 CROP maybe?) But, you'll at least be earning the CROP to start with, which can be used in-game down the road. Plus, you're getting 20 other tokens so...seems like this might be a good way to start building little stakes in lots of different things.
I love these dripcoins! Now we've got drippools too. :-)
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20,000 CROP to qualify for drips of HIVE? That sounds right. I'm currently at over 11K+ CROP, so I'll shift some assets around to buy more CROP until I qualify at whatever the magic number is.
I wonder if @brofi is accepting delegations of VYB or other newer tokens. Excluding SWAP.HIVE and BEE, the bee-themed tokens seem to have been created within the last month or two.
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Yes, I just confirmed it's 20k to start receiving a part of the "holding rewards". You can read about them here.
I'm at 23K+ CROP as of this moment. Now I can slowly add to my CROP holdings both from my own buys as well as from SWAP.HIVE:PLN diesel pool rewards.
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My holding power is at 164k and I got .36 Hive today so....that would mean you should get about .05 Hive every day moving forward. So, 20 days for a full HIVE means about 18 a year. While it may not seem like much, one, it compounds at 3%ish so, you get more than just the 18, and, two, if and when HIVE goes to $20, you'll be glad to own every last share you can.
Good start!
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With the daily HIVE drips I get from DHEDGE, SIM, sometimes UTOPIS, and now CROP, I'm receiving around 0.100 combined HIVE a day. It's not often I get to bring in outside money, which is why my next milestone is a combined 0.250 HIVE a day.
I need to learn some trading skills so I can learn what to buy amd when to buy/sell so I can make gains in either direction.
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I tried some trading. I ended up making some here and then losing it there. Plus I paid all those fees. In the end, I think I came out behind. Plus, with all the stress and time you put into it, it just wasn't worth it to me.
Now, I just find projects I like and HODL. I'm not good enough to time the ups and downs.
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That's a good question. I'm sure someone could tell you on the ManCave discord.
That's quite a bunch of rewards being given from a pool, so many tokens. Looks like a good one!
Not only that, but the tokens cover a wide spectrum of price classes (sub-cent, LEO-class, SWAP.HIVE-class, LTC-class, and higher).
Liquidity for some of the 20+ tokens also covers a wide spectrum, from fluid to tar. Then again. most of these tokens are just a few weeks old, so in time they will find their proper liquidity class.
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This is quite an interesting post. Pools in general are something that you can get a lot out of, if you know what you're doing!
!1UP
Not every pool offers rewards, I know enough about diesel pools to chose one which offers rewards. I'm sure there are more I can do with diesel pools, especially when it comes to swaps, and over time I'll learn what they are.
Thank you for the 1UP !!
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It never touches the SUN or MOON,
but somehow leads you there.
someone - somewhere.
I've never looked into the diesel pools so this has got me curious. Thanks for sharing! !PIZZA !LUV
You're welcome! I'm glad you found the post useful.
There's more I need to learn regarding diesel pools/liquidity pools, but they are a great way to lock in the tokens of interest without staking them. Just be sure to contribute both the base token and the quote token in a 50/50 split.
A good number of diesel pools are oriented toward the gaming tokens. A few of those feature Splinterlands tokens, and others feature tokens or other games as well as general gaming tokens. Take a look through the Pools section of Tribaldex to see which pool(s) appeal to you.
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Wow there are a ton there! I'm going to give it a go on a small scale and see what happens. Thanks!!
I'm a small-scale investor myself, but over time the numbers work in our favor and grow larger. I'm still small-scale in the diesel pool, but that's beacuse I'm spread too thin.
I started with 20 HIVE-worth of SWAP.HIVE and 20 HIVE-worth of quote tokens. After that, periodic or occasional contributions of even small amounts of base and quote tokens add up. Think of it as doing DCA. Whatever and whenever you can contribute will help.
!PIZZA !LUV
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@magnacarta(1/1) gave you LUV.
H-E tools | connect | <><
That makes so much sense! I put 6 Hive worth into the swap.HIVE/PLN pool you mentioned. It's definitely worth seeing what happens!! I'm really getting into Hive blogging so this seems like a good way to invest some of my earnings. Thanks again! Keep us posted on how you do.
6 HIVE is a good start! The hardest part of being on Hive is reaching a point where we can use our earnings to do the fun stuff like delegate HP or buy other Layer 2 tokens.
After reaching that point, the earnings begin to arrive faster or at least more consistently. Post as often as you can, and engage as even more often.
If you and I both do those 2 things, then over time the numbers and earnings will take care of themselves-- but we need to be consistent with both.
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That makes a ton of sense! I've been posting about twice a week and I'm really starting to comment more on other's posts. It seems like a great way to build community and help other people with their posts too!
@liljami95(1/1) gave you LUV.
H-E tools | connect | <><
Thank you for the information! There is one thing that is not clear to me. If I add liquidity to a pool that does not give LP rewards, do I have any profit? And in pools that do give LP rewards, is there any profit in addition to those tokens?
Those are good questions, and I would like to know the answers myself.
(Emphasis added)
While I don't know the answer yet, my guess is that you won't profit in the sense of earning a reward; however, if you want to swap some of your base token for an equivalent amount of quote token (or vice versa) it will be cheaper than if you made a regular trade at the DEX.
(Emphasis added)
Here I don't know the answer, either, but here is my guess: if the rewards include the base token or the quote token or both, that would be the profit along with the other tokens.
I'll pass along your questions to the latest edition of @leomarkettalk's Daily Crypto Markets Live Blog to see with people there if my answers check out or to discover what point of consideration I missed.
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Thanks! Your answer makes a lot of sense. Thank you very much also for bringing my doubt to Daily Crypto Markets Live Blog. I'll keep an eye out for the response.
You're welcome. While I think my answers make sense also, sometimes the correct answer turns out to be something that never occurred to me. It will be a while before we both get answers to your original questions.
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UPDATE--
So far you and I have 1 answer to your question Below is my comment in the Live Blog and that answer:
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I'm thoroughly enjoying the diesel pools now that I've discovered then. Do you find it's better to be in one or two or to be in several?
That's a question I'm not in a position to answer because at the moment I can only afford to be in one pool at a time. That's why I've written 2 posts about why I switched from one pool to another.
If I had more resources at my disposal, I would stay in the SWAP.HIVE:PLN pool and put funds back in the SWAP.HIVE:PIZZA pool. If I had more funds than that, I would go into a 3rd pool.
Should I judge a pool by the number of rewards it offers? Not necessarily, although I need to figure out why a pool offering 5 reward tokens could be better than a pool offering 10 tokens-- or why a pool offering ZERO reward tokens could be better than one offering even 2 reward tokens. In a future post I'll go into that aspect of diesel pools, but I need to ask around first and make sense of the answers I find.
There are so many ways for us to make money with HIVE+ (what I call the combination of HIVE plus the Layer 2 tokens of Hive Engine) that most of us can't possible use them all.
I think before we answer a question like "In how many diesel pools can I have position?" we need to determine what priorities we have. If it's passive income, then it's just a matter or details and fine-tuning what you do with things like diesel pools or other DeFi. If its simply stacking your favorite tokens while their prices are crashing to the floor in preparation for shouting "To the MOON, suckers!" then diesel pools take on lesser importance.
Even with the little I know, I want to share what knowledge I have in the hope that someone can benefit from it even if I can't. Since there's much I don't know, we both need to seek advice from people who are where we want to be in the future. If they can get where they are and we believe we are similar people but displaced by time, then those are our model or prototype investors.
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You have received a 1UP from @mezume!
@leo-curator, @pob-curator, @vyb-curator, @bee-curatorAnd look, they brought !PIZZA 🍕
Delegate your tribe tokens to our Cartel curation accounts and earn daily rewards. Join the family on Discord.
PIZZA Holders sent $PIZZA tips in this post's comments:
liljami95 tipped magnacarta (x1)
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