ONEUP:SPT Diesel Pool - The best option to farming ONEUP with Splintertalk Token (SPT)

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(Edited)

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Hi, it's interesting to explore the very many options of earning here on Hive. SInce the creation of the DeFi for hive-engine tokens, I decided to have a bite of it after reading this post by @behiver. it is amazing to see that another great way to earn ONEUP and other hive-engine tokens is through the Diesel pools on Tribaldex.

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Yesterday, added liquidity to the ONEUP: SPT pool to the tune of about $10 for each token and the returns looks so yummy and inviting. I initially added 260 ONEUP and 2,000 SPT which is yelding about 2 ONEUP daily added I later added another 230 ONEUP and 1780 SPT today to increase the my contribution to about 1.5% of the entire pool sum.

I'm yet to compute my ROI but it should be in the range of 350% APY or so. WOuld be able to figure that out after 7 to 10 days of having my liquidity added to the pool. I intend to allow the tokens remain in the pool while I keep adding them till the end of the rewards which should be about 3 months or so.

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ONEUP: SPT is one of the two pools added for ONEUp token. @Flauwy had notified in this post the reason for adding ONEUP: SPT pool

ONEUP:SPT
Splintertalk is our sister tribe and the SPT token is part of the ongoing Splintershards (SPS) airdrop. This has given SPT a great value but it still lacks an incentivized reward pool. This will pull a lot of SPT (and ONEUP) into this pool and bring greater liquidity to both tokens.

It's cool to discover this new way to keep stacking more ONEUP tokens to curate gaming contents on Hive especially Rabona game and Splnterlands game. I'll soon start my Splinterlands classes and hope to participate actively in the game sooner.

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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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3 comments
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What will happen if i add oneup:spt token to the liquidity pool?

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You will be earning ONEUP tokens daily. The more yous share in the stake the better.

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Hi,
So, one "lends" Oneup AND spt to the pool, or just one of the token? I'm completely new to this concept of liquidity pools (or diesel pools?), that's why I don't understand the underlying mechanics. Is there an article you know, I can read about the intricacies of liquidity pools?

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