Ok, so this is the 'Hard Launch' after ~4 days from the introductory post on Single staking for PWR.
Most of the relevant holders are already aware of the existence of single staking for PWR, so there is no point in delaying it any longer (initially it was going to be a window of ~7 days max).
I've just removed the PWR from the project from the staking pool, so it's all being distributed now between regular users.
Boosted APR on Soft-Pegged HIVE
First 20 holders have an accumulative amount of ~9K PWR staked.
So the official staking APR for PWR at the time of writing is around ~48% APR. *
*4380 reward pool / 9000 PWR staked => 0,486
'Symbiotic Tokenomics' in action
As I said in the intro post, this PWR staked have to come from somewhere, and a big chunk of it is the Liquidity Pool.
Some HIVE and PWR exited the pool and the APR is back up to +20%
It's even inducing some upside pressure on PWR, it's now at 1,03 HIVE!
Remember that as I announced in early December; I'm not arbitraging the price of PWR down anymore with project funds (I'm holding it it case goes below though).
And that's all for today.
Enjoy!
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- Delegate Hive Power to @empo.voter to receive a 8% paid daily in PWR tokens.
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First of all, thank you for creating this project. I have heard about it lately from people I follow. Thanks for the update. I think I will soon start investing in this HIVE second level token too. I like the idea that revolves around the PWR token !STRIDE
When trying Hive Engine tokens I always recommend start slowly and increase gradually your exposition. You could put into PWR the posting rewards from this comment and check things out at your own pace ;)
And if you have any doubt, feel free to tag me :) I'm always open to answer questions, even the most incomfortable ones.
you're welcome!
Thank you for this clarification and for your availability.
I've been getting quite a lot of PWR from staking already, woke up too another 0.3 today. Very much worth while.
Keep the party rocking sir
Man, I must have missed the earlier post. I have just been putting everything into the pool lately. I will have to start staking some.
glad u now catching up :)
So it's safe to say it's no longer at 48% due to some exits?
Nope, you're misunderstanding
It's 48% AFTER all the exits from the LP (NOW is at 48%).
Consequently, since some people left the LP, APR for the pool is at ~20% (increased from 16-18% a week ago)
Okay, thanks for clarifying. I started getting some PWR after staking all of mine, so I just wanted to stay abreast of everything PWR APR
Interesting! After these few days still an APR of 48%... That's still pretty high, but I like that the APR in the pool increased a bit too, so I won't switch more funds to staked.
I only staked 15 PWR tokens, but I already got a drop of 0.025 tokens :)
I will try to grow my stack and also stake the rewards I earn every now and then.
Good job!
Doubled my stake since last post.
Good one Alex!
I think, with the delegation, more will come, so I will grow the stake. Target is about 500 PWR this year, pwrd up
Either APR's seem pretty good to me! Stopped filling the LP pool for now and will focus on single staking, but unlikely I'll remove any liquididy even if the staking apr is higher now. This project is going awesome, congrats! !BEER
48% APR is really strong. 👏🏻
We will see how it will evolve. I like especially the „protection“ to the downside of PWR Token. Makes me have a relaxed feeling about Holding it vs HIVE.
Great project, PWR token staking APR is very high which attracts investors but trading is not very much yet, so you need to make the token market more active. So that people are encouraged to buy and sell and hold tokens. Today's trading volume was 0.27 Hive . Try to increase it
You're only looking at HE normal orderbook market. Most trading for PWR happens at the liquidity pool which has 30K HIVE + 30K PWR liquidity.
Volume by itself is pointless. Most people is staking hard his tokens (including myself)
It was me motherfuckers! Sell me some cheap PWR.
Nice! I'm enjoying the staking APR 😎
Wow. That's a pretty generous APR rate.
I think this is going to be a very good project, it will be people-oriented. thanks for creating this project
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