Greetings to all and sundry in this great community once again, it's a pleasure to write and share another interesting post here. Today I will be sharing with you guys my liquidity pool update and what I have earned thus far from it. I hope you guys will enjoy reading this, so stay tuned and watch out for it.
Alright, so it has been fifteen days since I joined the liquidity pool with 15 Hive also 300 plus ZING tokens to the ZING:Swap.Hive liquidity pool. I wasn't expecting to join the pool but later I decided to do so especially when I realized I had to earn more of the tokens before the game launched because the main in-game tokens would be that of the ZING. I have tried to engage with all four earn zing rewards systems and I have been able to get on three of them which are staking rewards, delegation rewards, and liquidity pool rewards. The last one which is holding POSH to earn ZING tokens couldn't encourage me that much although the APR is somewhat huge, what discouraged me was the fact that that system isn't going to take longer as Acidyo mentioned in most of his posts.
Let me say it's two weeks now I invested in the liquidity pool and as I write this post, I have accumulated 205.98 ZING tokens from the liquidity pool as my shares. That is quite nice and in a month's time, I can earn my ZING tokens invested and start to cover up the Hive I used to invest as well. The APR is quite high at the moment and I think aside from the POSH balance reward system it is the next highest APR among the four. That was also one of the reasons I took that opportunity to invest in the pool, we can see that the HP delegation system's APR is significantly down at the moment and that is because a lot of users are involved with that feature.
Diversification is an important factor to consider as a crypto investor or trader, don't just be more focused on one way of earning but instead try to diversify your earning ways in order not to fall into losing profits.
Having said that, I use this great opportunity to encourage members to join the liquidity pool and earn more ZING tokens as you equally accumulate from the HP delegation and the stake rewards. One of the key benefits of earning from the liquidity pool is that, the ZING tokens or rewards that you earn from the pool is in the form of liquid and you can instantly sell them or transfer them to anyone one you wish to. On the other hands, the ZING tokens earned from the HP delegations comes in the form of staked and you might need to unstake them before you can use them for any transactions that you wish to.
In my next, post, we shall be looking at some ways to improve or better our community, I see that the number of subscribers are not that much and I would like to give out some suggestions in a post form to see if it can help. I am looking forward to seeing you all in my subsequent posts. Thank you all for your time and attention for reading my post.
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