Reward pool ends in 44 days

reward pool ends in 44 days.jpg

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.