This has been such a fantastic project since we started it almost 2 years ago!
The Index Token has been one of the more stable projects on Hive Engine and continues to send dividends each and every day to token holders.
We wanted to update you on a few things, as well as some news about asset allocation to create more benefits to token holders.
For all information about what the token holds, and current price of Index, make sure to check out:
HE-Index.io
Everything is updated in real time or as close to it as possible ;)
As you guys know, the INDEX holds A LOT of DEC!
It's been buying it up for almost 2 years now and currently the Index has....
Now when the Splinterlands air drop was taking place, this was great. Because holding all that DEC was turning into SPS, which you can see...We've been stacking over the past year as well:
Now staking SPS is a no brainer, as it's currently earning the INDEX over 30% APR. But what about the DEC....
We're thinking, the best way to maximize returns for holders is to get that liquid DEC into the TribalDex Diesel Pool for DEC:SPS.
What we are suggesting is that we take the liquid SPS rewards that we are earning from staking and using that along with it's pairing equivalent in SPS, so get into these pools for some extra returns for holders.
Here's what it would pay out...
Around 8% in DEC rewards
Around 63% in SPS rewards
TO us, it just makes sense because simply holding DEC does nothing for holders, but this way we can get into the pool and out of it anytime it's needed, but still earning some very healthy APR on those holdings.
Of course, this means....More VOUCHER tokens paid out to Index holders every day as well, because our SPS stake grows and grows.
What do other Index holders think?
We think....This is a no brainer and one of the easiest ways to generate Voucher tokens for everyone involved!
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Hmm sounds good.
I think I need more Index tokens now :P
You can never have enough lol
!CTP
True, but you can't have enough of all of the dividend paying tokens on Hive.
Money is just the problem :p
I say... go for it! Seems the best way to capitalise on those tokens.
Yeah we think so too, after all, the DEC is just sitting there, might as well put it to work.
!CTP
This sounds exciting and I look forward to receiving more voucher tokens. Its been a long when I checked my index holding so may be a good time to bag some more INDEX. thanks team for update
For sure man, yeah we talk about it all the time in our live streams but always good to get a written post out.
!CTP
I'm not an Index owner but I think it's a great idea. It would also add more liquidity to the market.
No better time than right now to become an owner ;)
!CTP
Dang, that is crazy. I only hold about 60 INDEX tokens, but i am totally on board with this. Just makes sense to put that money to work.
Posted Using LeoFinance Beta
We think so too, better than just having it in the account doing nothing.
!CTP
Yep, passive generation is the name of the game!
Posted Using LeoFinance Beta
Yes, please (1) keep staking SPS and (2) pair the SPS rewards with DEC in the Tribaldex liquidity pools.
Presumably that means the Index fund has a Splinterlands account... if so, have you thought about setting up a bot to play for it 24/7? :)
Don't have enough cards for it, and not sure what that would take to set it all up.
!CTP
I think that is a decent change and I agree with putting the DEC into an LP to get more rewards. It's kind of useless to hold on if you don't plan on buying any cards soon.
Posted Using LeoFinance Beta
Managing the rentals is tough, hard to stay on top of it. This feels like a much better game plan
!CTP
Great idea if you ask me
Appreciate the feedback!
!CTP
Awesome my friend thanks for the Index Rewards have the best day
Thanks for sharing on Listnerds
!ALIVE
!CTP
!BBH
@ctptalk! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @benthomaswwd. (4/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
@ctptalk! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @benthomaswwd. (4/20)
Thanks for checking it out!
!CTP
I'm a shrimp holder in my alt account but I say this makes total sense given current returns. When I get a little extra Hive I always to add a plankton or two of Index, so I am happy to hear there is still room for the project to evolve!
!CTP
Posted Using LeoFinance Beta
2 years in, but I think it's just getting started :)
!CTP
I bought my first 13.21 INDEX a week ago.
!CTP
Welcome to the fun!!!
!CTP
Thanks! Wishing to follow your path in token accumulation. 😆
!CTP
Glad I've HODL them Index Tokens 😎
The gift that keeps on giving lol
!CTP
As if I needed any more reasons to be stacking HE-INDEX tokens. Sounds like a great idea to me. Who am I to argue with returns like that?
!CTP
It goes up and down with the market, but generally we're seeing around 20% and higher APR
!CTP
Let's go swimming
I can float!!!!
!CTP
Looks like a no brainer! DEC is pumping as we speak!!!
Can't lose with Splinterlands lol
!CTP
Hi, Jon. Index token sounds really good and worth investing into!
Thank you for the information.
Barb :)
#thriveonhive
Been one of the best tokens for me on Hive Engine for almost 2 years now. Set it and forget it stuff lol
But I'm very biased lol
!CTP
As a "not-yet-holder" of INDEX I say it makes a lot of sense to use DEC to earn some returns.
Anyone have any idea on the Apr?
It's updated daily inside our Discord server (updates), yesterday the APR was 23.39%
!CTP
Sounds like a good strategy to me. I'd probably do that if I had all of those tokens lying around.
sounds like a solid plan to me
Yessir!
!CTP
HODL. !BEER
Always and forever!
!CTP
Thanks for the great information and all you do for all of us.
Thanks for stopping by!
!CTP
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BEER.I am still trying to figure out the whole diesel pool thing, but I do know that they are profitable. I believe that it is a wise investment.
Yes I believe that using DEC in the pool would be a good thing.
Still hoping for DEC to reach parity.
!CTP
This is interesting.
I am getting to know lots of new things.