I read a post about the high APRs on the Cent:Hive pool on TribalDex so I decided to check it out and it is really easy to add that liquidity. Here is how you do so, step by step.
1. Create an equal value of tokens in the pool using swap
2. Add liquidity to pool
Select the pool you wish to add liquidity to and select the amount of tokens to stake. Then press 'Add Liquidity'.
For every transaction, you will need to sign the transaction with KeyChain.
3. Check your positions
Once you have added your liquidity to the pool, check your positions:
That's it. You're done. This is even faster than BSC because you don't need to check all the fees. Now, I hope we get a TribalDex governance token soon.
Hello there. You can follow the current APR rates at https://beeswap.dcity.io/swap. Let me just make one correction; The cent price has become volatile. Related announcement: https://peakd.com/hive-173575/@anadolu/update-cent-s-price-has
Thank you for sharing the site and clarifying. Yes, with the pool, the value of the coin would be higher than a cent.
Interesting. I actually started selling my CENT, because it seemed overvalued and staking it didn't really generate any meaningful amount. Is this why people pay so much more than 1 Cent for it? What kind of APY is it generating?
It was 600% at when I read the article a couple of days ago. Wish APR was displayed on TribalDex but it isn't.
Yeah, technically it should be pegged to a cent but the rewards are probably inflating the value. I'd say that selling to maintain the peg is good for the token too.