In the last weeks, a lot of my energy when into trying to figure out how to change the CTPSB project. It was a good and probably necessary reflection but it showed me that as long that a change is not beneficial for all the parties involved, it was simply not worth it. This means that the project will go on as it did for the past years.
CTPSB is now part of the Liotes project
The only thing that has changed is that the project is now run under the umbrella of Liotes and that my partner @ph1102 also owns the keys to the accounts of CTPSB. This ads an additional layer of security to the project.
How is CTPSB linked to Liotes ?
The functioning of the project will continue without changes. However, Liotes and CTPSB have strong synergies already. CTPSB owns quite a lot of staked LENM on one side. On the other side a considerable part of the rewards in the liquidity pool LENM:LEN is in the form of CTPSB tokens. If the token value of CTPSB goes up, so do the rewards in the pool which is profitable for LENM and LEN. If LEN goes up, CTPSB profits from the staking rewards that it gets. This in return will push the APR of CTPSB. The effects are not huge but it's a small flywheel that profits everybody.
Pushing towards growth
Being kind of distracted by all the ideas, I somewhat neglected the progress of CTPSB. I have changed that now and the idea is that my energy now flows back into growing the token value of CTPSB.
For personal reasons, this post comes a bit earlier than usual which means that the growth since the last post is on a basis of 5 days only. This gives numbers that are maybe not totally accurate.
The numbers of this week
| Assets | Amount | Increase over last week |
|---|---|---|
| Hive Power | 32719 | +78 |
| Tokens in circulation | 9451.8 | -0.7 |
| Burnt tokens | 2046.6 | +0.7 |
| Token value | 3.462 | +0.009 |
| APR | 15.9% | +0.7% |
Learn more about the CTP Swarm Booster:
A project run by @liotes
