RE: How To Double Your SPS Airdrop Points

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Also to add additional info that these pool gives 1% daily bonus share for the position, so the longer you keep your SPS airdrop points will keep increasing even if you do not add anything more to the pool

!PIZZA

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(Edited)

They do indeed have a 1% bonus but I'm not sure if it applies to adding 1% to airdrop points or not (its not something I thought about or looked into). Thanks for pointing that out.

PIZZA

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I have checked with my (limited) holdings and airdrop points and those do increase with time without adding anything more to the pool

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I think 1% bonus only impacts the daily payout from the pool.

  1. You will see your holding shares increase but the LP value does not increase following your shares.
  2. You see your airdrop point increased because DEC price was reduced recently. It's the effect of impermanent loss in the liquidity pool
    For example
  • You enter SWAP.HIVE-DEC pool
  • HIVE price is $1, and DEC price is $0.2 at the time you enter LP. You put a total of $2 in the pool, which means you put 1 SWAP.HIVE and 5 DEC. Total airdrop point = 10
  • If the DEC price reduces to $0.1, HIVE still keeps $1, then your LP value = $1.4 (I know a method to calculate the LP value), which means you have 0.7 SWAP.HIVE and 7 DEC now. Total airdrop point = 14

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Got it Thanks for the detailed explanation

!PIZZA

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