Exciting news for PKM:SPS liquidity providers!! We added new rewards worth over $11k to the liquidity pool that will be distributed over 120 days.
Here is a summary of updates related to the PKM:SPS reward pool.
Over $11k of profits have been added to a new 120 day long distribution
APR is presently at 96%
We did not print any new PKM for this period (Awesome news!!!). All PKM in the reward pool came from Premium payments or from buying PKM using DEC.
In fact, we raised the value of PKM by 5+ percent because of the PKM that was purchased.
Historically speaking, we can now say that PKM has been very consistent with the price of SPS
About a year ago when PKM started, we had 4 participants add SPS to the pool and get PKM and provide liquidity and not get rewards distributed.
We claimed 500+ Vruz and are selling them. The funds generated from these will go towards the reward pool.
We have over 102K GLX that will also go towards the reward pool, but are in no rush and will wait until the game is playable hoping for better pricing and so that the GLX earns good APR while staked instead of sitting in a distribution pool earning nothing.
TLDR: We are very happy with the health of the PKM:SPS reward pool.
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