Liquidity Pools on HIVE
Liquidity pools on HIVE (also called "Diesel Pools") are a great way to earn a passive income, especially from tokens that you aren't using. Simply put, Tribaldex Diesel Pools are DeFi liquidity pools on the HIVE blockchain.
Get involved with HIVE's Liquidity Pools here:
- https://tribaldex.com/dieselpools/
- https://beeswap.dcity.io/pools - the same thing, but I like their user experience more.
- https://leodex.io - at the time of writing this is just redirecting to @inleo 's threads while they rebrand... but I hope it'll be back in the near future.
Explain Hive's liquidity pools to me like I'm a kid:
If you're reading this posts weeks, months or even years later because I've linked it from my #HIVENewbies "get started guide", then scroll over the next section where I brag about being "part of the 1% club" as it's probably outdated by now 😜 , and you'll find links to the guys that explain HIVE liquidity pool basics and HOW-TOs.
Owning 1% of HIVE's Liquidity Pool
YES! The post's title mentioned something about you owning 1% of them?
OK, I (sort of) lied for click-bait purposes in case you found this post as you were scrolling your feed ... BUT it's not a complete lie!.
One of the projects on HIVE that I'm a big fan of is @DHEDGE and their new(ish) DVS token (for more about DHEDGE & DVS tokens)
... and I own 1% of the DVS:SWAP.HIVE liquidity pool!
DVS:SWAP.HIVE - Hive Liquidity Pool
Fair enough, it's still a newish pool with a smallish amount in it, but I've never owned 1% of ANY liquidity pool... here on HIVE or anywhere... so it's a big deal to me, OK ;-)
Some JUICY REWARDS paid out:
The DVS liquidity pool is also paying out a juicy 161% APR... so besides my own pat-on-the-back moment, I'm actually getting a decent return on whatever I'll be putting in there going forward over the next 169 days.
Oh yes... on the topic of JUICY HIVE LIQUIDTY pools... ZING (@zingtoken ) is another:
... unfortunately I don't own 1% there... but I am getting a whopping 231% APR.
ZING is the token for a new HIVE game launching soon. Participating in the ZING:SWAP.HIVE liquidity pool is currently the most rewarding way to farm ZING tokens... check out http://holozing.com (@holozing) for more ways to farm their token before launch
... but be quick! At the time of writing the liquidity pool only has 22 days left.
OK... now please explain HIVE Liquidty Pools to me like I'm a kid
I'm going to let the more financially-savvy guys explain it to you better... read more about liquidity pools on HIVE specifically over here:
@forykw - Understanding Liquidity Pools on Hive Engine - InTo Basics
@achim03 - What are Diesel Pools and how they could bring DeFi innovation to Hive
@forexbrokr - DeFi Liquidity Pools on Hive: Tribaldex Diesel Pools
NB DISCLAIMER: This is not financial advice... remember, at the end of the day you're listening to someone who essentially flips burgers for a living ;-)
P.S. Please consider visiting on my website https://braaiboy.co.za/
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? STILL COMPLETELY LOST ?
If you're reading this because you saw a FB post, or tweet or another traditional social media post and have no clue what HIVE or blogging on the blockchain is all about...
Drop me a DM on any of those platforms and I'll gladly set you up with a free account, delegate some HP to get you started and guide you through some of the HIVE basics. I'll probably even throw in some of my $BRAAIB tokens (a Hive-Engine token with utility in my (real world) @bbbistros 🥳🥳🥳)
Posted Using InLeo Alpha
Wow, congratulations it's such an amazing achievement to start the year
Thanks! It's more about the idea of owning 1% than the value itself... but I'm chuffed with myself ;-)
!PIZZA
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For sure... now you're praating my taal ;-)
!PIZZA
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!LOLZ
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!BBH
@zakludick! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @braaiboy. (1/1)
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The bartender shouts Geto out of my pub! We don’t serve your type!
Credit: ifiwasfrank
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(1/6)
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!LUV
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... * takes a bow * , Thanks!
!PIZZA
Kief my Bru, I smaakit.
Let me check out the pools.
Lekker man!
... Yeah the pools are cool for sure, but liquidity pools (with such high APR) are generally short term (< 1 yr investments)... but do yourself a favour and check the 2 projects behind those pools as well.
!PIZZA
$PIZZA slices delivered:
@braaiboy(5/10) tipped @julianhorack
braaiboy tipped rachaeldwatson
braaiboy tipped lexuspraise500
braaiboy tipped zakludick
https://reddit.com/r/holozing/comments/192snjf/liquidity_pools_on_hive_i_finally_own_1/
The rewards earned on this comment will go directly to the people( @braaiboy ) sharing the post on Reddit as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Thanks for the reference! Any users or feedback, let me know so I can improve that guide.
Cheers