One of the most interesting income sources within the Liotes project is to provide liquidity to the diesel pool LEN:LENM. The yearly return for providing liquidity at the moment is around 27% and the rewards are paid in CTPSB and SWAP.BTC tokens. While most diesel pools reward people with tokens that are minted, in the LEN:LENM reward pool, you get tokens that are purchased and have an intrinsic value.
However, this reward pool is running out in 44 days. Once this reward pool runs out, the diesel pool would be without any rewards others than the fees that the pool generates. You probably guess correctly that we are prepared for this situation. During the whole year, we have collected tokens for the coming reward pool. So once this reward pool will run out, we will create a new one that will again be filled with CTPSB tokens and SWAP.BTC.
It's possible that with the new reward pool, the APR will change a bit. It's however difficult to say in which direction because we don't know how much liquidity will be in the pool and what the value of the tokens will be.
Why CTPSB tokens as rewards?
While it seems clear why we put SWAP.BTC as rewards in this pool, some might wonder why we add CTPSB tokens. The CTPSB project is run by @achim03 and we therefore know everything about this project. The most important reason however is that this token grows in value over time. It is backed by a real hive account that grows at a rate of about 16%. While the token is in the reward pool, it actually grows in value. This means that even if more liquidity is added to the pool, the rewards are growing as well. This is a great way to insure that the APR in the reward pool stays at least stable.
The Liotes Ranking
We have updated the liotes ranking. There were no new ranks to be attributed. The ranking of today will determine who gets ranking rewards this month. The rewards will probably be paid in the coming days.
The numbers of this week
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Liotes
A project run by @ph1102 and @achim03
At the moment there are 155 LEN tokens in the prize pot for the Liotes Power Challenge.
Nice ot see my BTC adding up in my HE account, maybe I need to increase my position when the new pool starts. But lets see how things going : )
I think that there are not many other places on hive where you can earn passive income in BTC :-)
It's nice to hear that the pool will get rewards refilled when it runs out. I had some LEN sitting around so I moved some into the pool. I'll see if I can get a bit more rewards from the pool.
It can be an idea to slowly build the position up because we will put in a lot of efforts to bring the APR as high as possible for this reward pool.
Good to hear you'll refill the pool with SWAP.BTC and CTPSB, after the current rewards expire. They proved to be a very good option this year!
Swap.BTC is a hedge against lowering hive prices and ctpsb is allowing to have a return while the tokens are in the reward pool. So I believe it's quite a powerful combination.
Glad to hear the reward pool will be replenished! Just SWAP.BTC and CTPSB, no more daily LEN token rewards? How long will the next reward cycle be?
We will make a year cycle this time if we don't make a mistake again. There will probably be no LEN. So it will be mainly CTPSB and swap.btc.
We have talked with @ph1102 today about the topic of adding LEN tokens to the pool and we decided that it would be a good idea. So we will probably also add LEN tokens to the reward pool.
This is as close to free BTC as we will see on Hive. :)
It's true that getting free BTC sounds nice :-)
Nice one. Has it been 2 years already since you topped up the pool with the swap BTC?? Time flies!
Yes, it's time flies lol.
Thanks for the update! Time flies indeed - another month has passed just like that!
Yes, don't tell. It seems that months feel like weeks lol
I have a stake in the current LEN:LENM pool and been getting a bit of swap.btc and ctpsb.
Today, i did check the days left in the pool. Still 44 days, so mid of december it will complete.
!PIZZA
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Norse Code.
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@liotes, I sent you an $LOLZ on behalf of imfarhad
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Yes, in 44 days the existing one runs out. We are still collecting more tokens until then to bring the apr as high as possible.
Great news! Will it be filled with the same amount of BTC as before?
It's difficult to say exactly how much we will be able to put in. So far we have collected 80$ worth of btc but hopefully it will be more until then.
44 days left! Time flies, faster as we get older. 😅
That's true :-)
Great news to see the rewards continue.
We want to make this reward pool as interesting as possible :-)
Maybe it's time to bulk up and increase my position...
I don't think this to be a bad idea lol
$PIZZA slices delivered:
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