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Diesel Pools:

Introduction and Initial Considerations

Today I decided to try out the Diesel Pools of the Hive blockchain.
Diesel Pools are the liquidity pools of the second-level tokens of Hive blockchain.
Liquidity pools are the basis of Decentralized Finance (DeFi) projects and allow exchanges between tokens to take place without the intervention of third parties such as an exchange or broker.

In this post I will show the Diesel Pools in which I decided to invest.
The data and results that I will collect in the coming days will serve me to write a tutorial on the Diesel Pools of the Hive blockchain.

To use Diesel Pools you need to have liquid (non-stacked) Hive second-level tokens.
More precisely you need an equal amount of a pair of second-level tokens of the Hive blockchain.

For example, if you want to add liquidity to the SWAP.HIVE:SWAP.HBD pool, you need to add an amount of SWAP.HIVE tokens and SWAP.HBD tokens that have the same value.

To view the available pools I chose to use the following sites:

TribalDEX: https://tribaldex.com/dieselpools/pools
BEESWAP: https://beeswap.dcity.io/swap?pools

Both of the sites I listed above have a search field where you can enter:

the names of the token pair you want to use in the pools separated by two dots (:) such as SWAP.HIVE:SWAP.HBD.

the name of one of the two tokens you want to use in the pools.
In this case you will see all active pools for the token you entered in the search field.
In the following image you can see the pools available for the token ONEUP.

In order to choose the pools to invest in I chose to use BEESWAP (https://beeswap.dcity.io/swap?pools) instead of TribalDEX because the interface is more "userfriendly" and especially because BEESWAP displays more information about the pools such as the Average APR for each pool.

The Diesel Pools I chose to invest in

I chose to invest in the following pools:

ONEUP:SPT
PIZZA:DEC
SWAP.HIVE:ONEUP

ONEUP:SPT

The first pool I chose to add liquidity to is the ONEUP:SPT pool.

The ONEUP tokens are the tokens created by @flauwy and are the 1UP community tokens (https://www.1up.zone/)
The SPT tokens are the Splintertalk community tokens (https://www.splintertalk.io/) created by @splinterlands

Today, December 17, the value of 1 ONEUP token is:
0.03399 SWAP.HIVE = $0.05099 $ (Lowest Ask)
0.02900 SWAP.HIVE = 0.04350 $ (Highest Bid)

The value of 1 SPT token is:
0.00329989 SWAP.HIVE = 0.0050488 $ (Lowest Ask)
0.00300001 SWAP.HIVE = 0.00459 $ (Highest Bid)

I added the following liquidity:

400 tokens ONEUP
3865.76267 SPT tokens

As you can see from the data shown in the image below I should be receiving daily:

9.117 ONEUP
0.634 LVL
0.001 WINE
0.006 CTP

This is obviously an estimated reward because:

it will increase if the user who added liquidity decides to remove it
it will decrease if other users will add liquidity

I will also receive the reward after 24 hours from the moment I added liquidity.
Therefore adding liquidity to a pool every day is equivalent to not receiving rewards.

The APR displayed by BEESWAP is 445.993%

PIZZA:DEC

The second pool that I chose to add liquidity into is the PIZZA:DEC pool.

The PIZZA tokens are the tokens created by the account @pizzaexpress
Website: https://hive.pizza/
The DEC tokens are the native tokens of my favorite blockchain game: https://splinterlands.com/

Today, December 17, the value of 1 PIZZA token is:
0.07299440 SWAP.HIVE = $0.1131413 $ (Lowest Ask).
0.05631000 SWAP.HIVE = 0.0872805 $ (Highest Bid)

The value of 1 DEC token is:
0.00397653 SWAP.HIVE = 0.0061636 $ (Lowest Ask)
0.00391243 SWAP.HIVE = 0.0060643 $ (Highest Bid)

I added the following liquidity:

18.2 PIZZA tokens
257.468 DEC tokens

As you can see from the data shown in the following image I should be receiving daily:

1.218 DEC
0.001 UTOPIS

The APR displayed by BEESWAP is 105.395%.

Using DEC tokens in a pool has an additional advantage related to the ongoing airdrop of SPS tokens.
In fact 1 DEC token is worth 1 point for the airdrop of SPS tokens but if used in a pool it is worth 2 points for the SPS airdrop.

SWAP.HIVE:ONEUP

The third pool where I chose to add liquidity is the SWAP.HIVE:ONEUP pool.

I added the following liquidity:

20.915 SWAP.HIVE tokens
685.530 tokens ONEUP

As you can see from the data shown in the following image I should be receiving daily:

13.36 ONEUP
0.872 LVL
0.009 WINE
0.043 CTP

The APR displayed by BEESWAP is 349.442%.

Considerations

With today's post I wanted to introduce Diesel Pools to my readers and to those who in the past asked me for information about them, such as @bencwarmer

I chose the pools to invest in based on the APR (Annual Percentage Rate) and the type of rewards.
The APR of a pool is important because adding liquidity to a pool has a risk called Impermanent Loss.

The Impermanent Loss occurs when you remove the liquidity previously injected into a pool and the value of the tokens has changed from the value they had at the time the liquidity was injected.

Choosing a liquidity pool with a very high APR allows you to have a good probability of coming out in profit when you remove liquidity from the pool.
The less risky liquidity pools are those that have stable coins as token pairs whose values, being generally anchored to the dollar, undergo fewer fluctuations.

For every pool in which I have introduced liquidity I have created a simple scheme that will allow me to determine the value of the Impermanent Loss when I will decide to remove liquidity.

In the coming days I will choose other pools to invest in and the data I will collect will also be used to write a tutorial on the Diesel Pools of the Hive blockchain.

I need to find out also the easiest way to see the transactions of the daily rewards received because I noticed that they are not visible from the HE Explorer.
If you also use liquidity pools what tool do you use to track the daily reward transactions you have received?

Important note

I am not a financial advisor and the information contained in this post is not financial advice
Before investing in a DeFI platform you should always do your own research and personal evaluation.

My advice is to always invest only what you can afford to lose with a light heart!

Are you not a Hive user?

If you are not a Hive user and don't know the world of blockchains you have two options:

You can continue to be a simple number, a simple source of data and wealth for centralized projects like Facebook & Co. without receiving anything or almost anything in return.

You can choose to be free, you can choose to have full ownership of your data and content and you can start your adventure on Hive.

_{Background image is CC0 image - edit by @libertycrypto27 - Font used is Open Source}

The Hive blockchain is more Unique than Rare!

What makes Hive's blockchain more unique than rare are its peculiarities:

Hive is a Delegate Proof of Stake (DPOS) blockchain on which a large ecosystem of sites, projects and communities "lives".
Hive is completely decentralized
Hive is very fast: 3 second block speeds.
Hive has no transaction costs
Hive has many utilities and features
Hive has a big and beautiful community

If you don't have a Hive account you can easily create one in just a few steps.
I wrote a short tutorial where I show how to do it using the free service offered by Hive On Board:

HIVE: Registration and First Login with PeakD

Alternatively you can create a Hive account using the free service offered by the Hive community: Leofinance (https://leofinance.io/)
I wrote a step by step guide where I showed how to create a Hive account from Leofinance, you can find the guide inside the following post:

Leofinance and Hive: Publish, Read, Engage and Earn HIVE and LEO tokens - Step By Step Guide

_{Gif created by @doze}

HIVE ON

The images in this post are screenshots taken from the sites:
https://tribaldex.com/
https://hive-engine.com/
https://beeswap.dcity.io/

The images containing calculations, tables and formulas are my property
The font I used in my images or in the images edited by me is Open Source
The dividers with the Hive logo in this post were created by me and if you like them you can use them too, the Hive logo is property of https://hive.io/

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Diesel Pools:

Introduction and Initial Considerations

Oggi ho deciso di provare le Diesel Pools della blockchain di Hive.
Le Diesel Pools sono le liquidity pools dei token di secondo livello della blockchain di Hive.
Le liquidity pools sono alla base dei progetti di Finanza Decentralizzata (DeFi) e permettono di effettuare gli scambi tra token senza l'intervento di soggetti terzi come ad esempio un exchange o un broker.

In questo post mostrerò le Diesel Pools nelle quali ho deciso di investire.
I dati e i risultati che raccoglierò nei prossimi giorni mi serviranno per scrivere un tutorial sulle Diesel Pools della blockchain di Hive.

Per utilizzare le Diesel Pools è necessario avere dei token di secondo livello di Hive liquidi (non stacked).
Più precisamente hai bisogno di un quantitativo di uguale valore di una coppia di token di secondo livello della blockchain di Hive.

Se ad esempio vuoi aggiungere liquidità alla pool SWAP.HIVE:SWAP.HBD devi aggiungere un quantitativo di token SWAP.HIVE e token SWAP.HBD che hanno lo stesso valore.

Per visualizzare le pools disponibili ho scelto di utilizzare i seguenti siti:

TribalDEX: https://tribaldex.com/dieselpools/pools
BEESWAP: https://beeswap.dcity.io/swap?pools

Entrambi i siti che ho elencato sopra hanno un campo di ricerca dove è possibile inserire:

i nomi della coppia dei token che vuoi utilizzare nelle pools separate da due punti (:) come ad esempio SWAP.HIVE:SWAP.HBD.

il nome di uno dei due token che vuoi utilizzare nelle pools.
In questo caso visualizzerai tutte le pools attive per il token che hai inserito nel campo di ricerca.
Nell'immagine seguente puoi vedere le pools disponibili per il token ONEUP.

Per scegliere le pools nelle quali investire ho scelto di utilizzare BEESWAP (https://beeswap.dcity.io/swap?pools) invece di TribalDEX perchè l'interfaccia è più "userfriendly" e soprattutto perchè BEESWAP visualizza un numero maggiore di informazioni relative alle pools come ad esempio l'Average APR per ogni pool.