1% daily bonus on bee swap for colony pairs

in #beeswap7 months ago

Looking at the colony pairs say sps/colony there is a 1% daily bonus listed under the pair when you click the expand arrow. I have not seen the daily bonus indicated before and wondered what it meant. It looks from a quick search it adds up the longer you have your assets staked in the lp which will make your rewards much more significant if you keep staking it and not removing any. If the multiplier is cumulative like one article suggests that means you can likely pull your cost on the liquidity once you get a significant amount of bonus units leaving a potentially risk free position. I will be looking more into this and seeing if it makes sense with a few pools that I have just started to experiment with this in glx/colony and sps/colony which both have a 1% daily bonus. Also figure you can go larger into the pools and get bigger bonuses in a shorter period having to spend less time in the market to get a larger bonus on the lp units. I dont see these bonuses on the other LPs for sps which means it was probably taken off when the rewards were overhauled. Also I wonder how those APRs are calculated and if its based on a average and if so how far back does that average go since it could scew the presented APR to the high side and lp providers may not be getting what they think if there is a average that is long being used to calculate the APRs overtime. Might want to start doing your own APR calculations more on your actual results. It would also be nice to have a overall APR for say SPS which shows the regular staking APR then any airdrops and the APR it adds at current prices so one can make a better decision about what the APR actually is and how fast you can make your cost back plus a profit and pull that cost out leaving profits in.

Sort:  

This post has been supported by @Splinterboost with a 20% upvote! Delagate HP to Splinterboost to Earn Daily HIVE rewards for supporting the @Splinterlands community!

Delegate HP | Join Discord

Congratulations @hbcdao1! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 800 upvotes.
Your next target is to reach 900 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

Our Hive Power Delegations to the April PUM Winners
Feedback from the May Hive Power Up Day

looks like it gives you a time bonus of one percent/day in additional units to accumulate and earn more so might be a interesting play to put a large amount in around the snapshot and collect the 1% and add additional amounts over a week then withdraw them and leave the cost leave the 1% to earn more.