Gaming DeFi pools on Tribaldex paying 600% APY in rewards ends in 2 days, What next?

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Of all 40 DeFi pools with rewards in tribaldex, only ONEUP related pools gives out over 500% APY. The first two ONEUP pools created (ONEUP: SPT and ONEUP: SWAP.HIVE) presently give 611% and 600% APYs respectively. Interestingly, these these huge LP rewards on the pools would be ending in 2 days time. The rewards were meant to run for 60 days and it's been wonderful ranking among the investors that have been drinking as much as $2 daily from a DeFi pool with an investment less than $200.

Recently, I discovered that adding liquidity to DeFi pools became the top yielding investment option on Hive plus the fact that one can remove the liquidity at any point and take advantage of instant market trade. However, where liquidity provision bonuses have expiration, it becomes very necessary for an investor to count the cost adequately before pooling tokens.

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The ONEUP:SPT has been the most [performing pool pair of all time on dieselpool after 7 days. It is customary that pools on first day of creation or few days after to have a high APY rate. However, as more tokens are added to the pool, the APY adjusts accordingly and is reduced. The ONEUP: SPT is the typical gaming tokens liquidity on hive-engine dieselpool.

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THE SWAP.HIVE: ONEUP pool has served as an arbitrage opportunity for ONEUP market. At times, one could have a price difference of about 0.005 for each ONEUP traded. Usually, the pool price is always higher than the the highest bid in the hive-engine market.

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The PIZZA:ONEUP pool started out with about 4,000% APY. As more liquidity were added, the APY gradually decreased to to it's present 142%. However, the PIZZA:ONEUP pool has more 44 days to dole out LP rewards to liquidity providers.

As these high LP rewards would end in just few hours, it was was gathered in the 1UP discord that there are plans to continue the pool but with a daily LP bonus of 1% with a cap of 100% which would run for 365 days. At this point, it seems that curation would become a brainer investment option with ONEUP token.

Presently, ONEUP curation still stands at about 200% APY and that's a decent return to encourgae staking of the token which further helps to incentivize other community members while also reducing the effect in the market price of the token as tokens are not kept liquid.

How to Provide Liquidity for ONEUP: SPT

You can just head to https://tribaldex.com/dieselpools/ and select "add liquidity", then select ONEUP: SPT in the drop down list. Add the corresponding quantities of ONEUP and SPT depending on your balances. You can also SWAP the tokens to create enough liquidity to add to the pool.

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What is Hive?

Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source

What is Hive-Engine?

Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on their exchange.

Contact the 1UP Team

The 1UP team are so open for discussions, ideas and contribution regarding to the growth of the blockchain gaming community on Hive blockchain. Utilize these handles to reach them.

About me...

I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree programm due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.

I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
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