As announced in our previous posts, we have renewed the reward pool linked to the diesel pool LEN:LENM.
This new reward pool will run for a total of 371 days and the included rewards will be distributed equally the the liquidity providers once every 24 hours.
Important to know for liquidity providers
If you are providing liquidity already, then you don't have to do anything. It's the same liquidity pool and the only thing that changes is that the rewards come now from the new pool.
The rewards that we have added
We have added the new rewards that we have collected over the previous year:
We added 5000 LEN tokens. We like to add LEN tokens as a reward because they are indexed to the liquidity value which is in LEN and LENM. So if LEN goes up in price, so do the rewards. In addition to that, people can compound their earnings. They can use this LEN to add more liquidity to the pool.
We also added 110 CTPSB tokens. We like to add this token to the reward pool because it's our own token and it's a token that gains value organically. By simply leaving it as reward in the pool, it actually takes value over time, at least expressed in hive.
We added 0.0017 Swap.BTC. This gives a lot of stability to the rewards. If hive prices go down, BTC often loses less value. This means that if hive goes down, the APR in the pool goes up. Also, we believe that it's a nice thing to be able to get BTC on hive...
We have added a total of 275 $ worth of tokens to the pool. This brings the APR to 24.1% which is actually pretty nice.
Future plans
To provide a nice return to liquidity providers will be one of our main objectives in the coming times. We believe that this is one of the factors that make Liotes interesting for you and the APR in the pool pushes also the APR up for staking LENM through arbitrage effects.
