For those who are following closely the WORKERBEE token, this isn't probably a piece of news as it happened almost 4 weeks ago! But even if you are following the token, you could probably miss this as it wasn't announced anywhere! The "traditional" WORKERBEE market on Hive-Engine indeed became a bit boring as there weren't too many dynamics... We had 2-3 people creating BUY and SELL orders, but there wasn't too much action...
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It was maybe 2-3 weeks ago when I noticed that we have bots on the WORKERBEE-SWAP.HIVE Hive-engine market and that made me suspicious... When you see a bot participating in the market, there are probably arbitrage opportunities to be made, as they are usually used exactly for that... To use price differences on different markets, and to execute a few orders in a very short time, to balance out the markets, and take some profits...
As I said at the beginning, we had only 1 market until now, and that's why I suspected that we have another place to trade the WORKERBEE token... A sneak peek at Dieselpools was enough to realize that we don't have 1, but 2 new pairs for trading!!! One of them is FARM:WORKERBEE, and the other is the one that can be interesting to some of you guys, the BEE:WORKERBEE liquidity pool!
What does this mean to someone who is mining BEE tokens with staked WORKERBEE tokens, for example, us?
- Firstly, as the BEE token is more "present" in many different LPs (liquidity pools), it can be traded with many other tokens... All that, combined with WB and the regular market, can give us additional liquidity of WORKERBEE tokens and a better price for those who want to buy more WB tokens...
- Secondly, it gives us a chance to COMPOUND our earnings! Tbh, I was a big "compounder" in the past, but lately, I'm not that much in fond of it... But, if you are, you can now easily swap your BEE (earnings from mining, curating) tokens into WORKERBEE tokens with just 1 click! After that, you can stake your WB tokens, to mine more BEE tokens, and so on, etc. To easily swap your tokens, you can use BeeSwap website!
This is not financial advice!
Let's see the WorkerBee Pool numbers for this week...
This week we have mined 86 BEE tokens in total!!!... As we had a "legendary" week last time, it was expected that we would underperform this week... It always balances out...
This week we didn't have new delegators, but we did get more delegations from old members... Thanks guys! Appreciate your support!
This POOL doesn't have fees and you get up to 20% MORE by delegating to it!
What about the bonus tokens?
This week, I will give away LEN tokens as a bonus to the delegators in the pool... When Bitcoin is doing crazy stuff, people are selling their altcoins trying to "chase" the BTC price... Something similar happened to the LEN token in the last 24 hours, so the price went a bit down... Perfect time to give away them to you guys, as you will get them for a "discounted price"... 🙂 The LEN:LENM diesel pool rewards were refilled today, and they will stay available for the next 364 days! You can check out the official post by @liotes about this news! If you are not interested, you can always sell your tokens on the market...
There will be distributed 50 LEN tokens to the delegators of the pool as a bonus reward today!
As always, in the end, let's give the exact numbers for this week... 86 BEE tokens and 50 LEN tokens will be distributed as a bonus... The APR (without the bonus) was 7.697%, and when we added the bonus it went up to 9.282%!
I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get your portion of mined BEE tokens and BONUS rewards!
.:. DO NOT STAKE TOKENS TO MY ACCOUNT!!! Just DELEGATE! .:.
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here https://inleo.io/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other
Thank you for your time,
--ph--
None of this is financial advice!!!
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