Good day Hivians I have some great news for you all today I have established the very first pools for Skippy on Hive and I need to be clear to meet regulatory requirements I can not accept fiat or alternative forms of payments at this stage. I will in the future once we have equity apply for a Financial Services License and expand the offer.
At current this offer is ONLY available to Hive Blockchain users and the respective communities i.e. Leo Finance and everything else solely on Hive and users must have a Hive related account and whom have purchased SWAP.SKP from Hive Engine since it's bridge here.
There is something on offer through BSC buyers which is later on in the post so keep reading.
To kick things off Skippy Pool 1 is a Hive pool which people need to buy SWAP.SKP send it to the account and they will receive 10% APY provided weekly in Swap.Hive I can do Hive but then the system will incur extra costs so please do keep in mind Hive Engine does charge fees. The Hive will transfer to their account.
The second SKIPPY POOL in operation is the Leo pool where same thing applies participants need to purchase Swap.Skp from Hive Engine and send it to the account and they will receive 10% APY provided in Leo tokens weekly to their Hive Account. Again please keep in mind that Hive Engine charges a fee but for Leo this can be negated if you have a BSC account and want to receive bLeo instead to a metamask address but you will also need to include that in your memo.
Prior buyers maybe feeling left out, I assure you you won't be as the bridge I have built to Terra (Luna) Network means the travel path will be bringing APY from Terra and providing it to Hive. This means that all transactions pass through BSC to Hive causing a 3% reflection to BSC HODLRS (this amount is covered and not removed from the 10% APY).
Hive users are also able to participate in this function all you need to do is buy SWAP.SKP then send it through the Hive Engine Bridge to your BSC wallet.
Providing LP on Pancakeswap gives you additional benefits provided by Pancakeswap.
This is a market trial and if successful we will continue to build the project and if there are other projects that have strong communities that think they can get people involved please get in touch and I will be happy to work with you to launch a pool.
This may look like a managed fund but it isn't I have just built a bridge to Terra who is a legal South Korean entity providing a managed fund and making it accessibly to Hive people. Why? well Hive is my home and I want things to succeed here so we can all make it. I am not accessing Hivesigner, nor am I asking for access to anyone's account so this is not a managed investment fund. It is just a bridge. Don't fine me!
There are plenty of things out in the broader blockchain world which I believe can really help Hive excel. I do want to provide a managed investment fund to outside investors and bring them into Hive in the future.
You can check out the Skippy Pools Website and stay up to date with newer launches and I will be more than happy to provide you with updates here as we progress.
Thank you to everyone who has supported me and provided me their time to learn more about Hive Engine tools and building. Let's do this!
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