Today I put all of my liquid SPS into the SWAP.HIVE:SPS liquidity pool (2022.12.13)

xplosive in #hive-167922 • 2 years ago

Well. The SPS basically became worthless in the recent past. It went down to around $0.03 USD. Probably it will go further down in the near future. I decided to not care about its value, and I put all of my liquid SPS into the SWAP.HIVE:SPS liquidity pool to receive the relatively high (currently 55.74% APR) interest offered by the liquidity pool. Currently I own the 0.004% of the shares.

1 SPS is currently $0.031 USD. 501.127 SPS is currently $15.53 USD. 1 Hive is currently $0.3377 USD. 45.891 Hive is currently $15.49 USD.

Tribaldex somehow have not updated the value of my liquidity position in the last two days. The last update was on 2022.12.11. Today is 2022.12.13.

I currently also have 1.217 staked SPS. Currently this is worth around $0.03 USD.

I certainly keep building my SWAP.HIVE:SPS liquidity position in the near future (reinvesting the earned interest, selling other tokens on the Hive Engine, etc).

Have a nice day. All the best. Greetings and much love from Hungary.

#tribaldex #hive #blockchain #sps #spt #liquidity #investing #proofofbrain #money

2 years ago in #hive-167922 by xplosive

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mightyrocklee 2 years ago

You were voted by @Mightyrocklee, because you're awesome. Enjoy this big bunch of SPT.

It is good to add everything in there if you think SPS will increase, but this will not happen in a bear market.

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xplosive 2 years ago

Thank you for the support. I also stake and delegate my SPT. Currently I am delegating 27 000 SPT to @monster-curator to earn a passive income with it. I expect SPS to go further down in short term (maybe down to $0.01 USD), and then up again, after the end of the bear market. Maybe it will go up to $0.90 USD again (or maybe even more) in the bull market. Of course there is no guarantee for nothing, but anything is possible.

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india-leo 2 years ago

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malos10 2 years ago

That's the best way to go... i have around 55k sps staked and i dont even care about the price... i will let that in there making passive income for life time

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xplosive 2 years ago

Probably the APR in the SWAP.HIVE:SPS liquidity pool will be much lower in the future. Slowly it is constantly going down. It was above 70% in the recent past. Nowadays it is below 60%. Probably this will not worth it for decades, but we will see. The interest for the staked SPS is nowadays below 30%. If it will go below 20% APR, then it will not worth it, because other assets are offering higher interest rates.

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malos10 2 years ago

Yeahh that is really true! but at long teerm it really pays off

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hivebuzz 2 years ago

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