Reviewing My Holozing Liquidity Pool Positions after two months || How beneficial are LP's ?

in holozing •  7 months ago 

Hi Holozing community,
It's been more than two months since I joined #holozing community and started writing and participating in different things here.

I staked #zing tokens, I shared some #art-work, and I also got in to #liquidity-pools on holozing. I forgot to mention the #posh token holding which I still have with me so yes that was also one of the things I did because of #holozing.

Today I am here to review my #liquidity-pool in the game after almost two months of time.

In January I started with 2 #hive in total and in few days I increased that amount to 12 hive in total where 6 hive was for zing and 6 was left in hive.

Now you can see in screenshot shared below to know how many #hive I am left with at this moment.

I now have 3.93 #hive and 437 #zing tokens with me. So, the numbers are less than 6 hive but anyways I have also earned rewards worth 1.63 zing everyday and in the beginning the rewards was worth 3-4 zing everyday.

Even if 1.63 #zing were received everyday then also my total in hive becomes 0.8 hive. I am in loss but maybe in long term the rewards will pay off.

This was my first experience with the #liquidity-pools and my intention was to learn about them and that was the reason why I went with less amount in the pool.

I will do more experiment in future with other projects on #hive if possible so that I have more knowledge about them. For me to conclude I am happy as #hive came up and in dollars I am still in profit.

I am also writing blogs on terracore that you can join from below:

Join game clicking below:

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PS : As I am exploring this game ( terracire for last few days and I know that it is difficult to start when we are new so here is a beginners guide that can be followed to understand the game better.

Source

Make sure you check the games on hive blockchain.

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  ·  7 months ago  ·   (edited)

I have lost $$$ every single time with Liquidity Pools… my worst loss was over $2,000 worth of BNB tokens with Cub on Leo Finance… it seems like Liquidity pools are a way to make your better crypto go to zero. I won’t bother with them. I do better with Delegation of my Hive to Ecency or Tipu.

  ·  7 months ago  ·  

Seems like you really have some bad memories there.

Yeah… fortunately I made back those big losses on other Crypto Projects like Tron, Atom, Dogecoin, Steem, Blurt and Bitcoin.