I am unstaking all staked $ZING tokens in order to increase liquidity in the ZING:HIVE.SWAP pool. I have got few more $ZING yesterday which came from pending unstacking. It was 394 $ZING and i had few ZING rewards from liquidity which were 88 ZING. In total i had 482 liquid $ZING in my wallet on Hive engine. I used them all to add liquidity into the ZING:HIVE.SWAP pool. This
As you know that to add liquidity we need both ZING and HIVE.SWAP in equal worth. To fulfill this requirement i had to sell half ZING to obtain HIVE.SWAP. I sold 241 ZING and got 4.06 HIVE.SWAP. After i had both ZING and HIVE.SWAP i added them to the liquidity pool successfully.
After adding more liquidity now i have 1070 ZING and 17.7 HIVE.SWAP into the liquidity pool. My position is not big but i am trying to add whatever i am getting from the rewards , its from liquidity rewards or from delegation rewards. Each ZING is going into the liquidity.
Many of you maybe concerned about ZING price. If you are investing in something then it is your right but you should know that when you are buying something it has always risks. You are not guaranteed profit.
Same is the case with ZING if you bought it then you should be ready to see fluctuations in its price. Its always good to do some research in order to know if its the right time to get an entry into something.
Well, I think in the case of $ZING most of us are getting ZING from HP delegation. It surely is an investment but this is a different scenario. Those of us who got involved early have earned most ZING rewards because in the beginning APRs were HIGH.
What i am trying to say is that we have got some easy ZING and we should not be complaining much about the price. Its a free market and anyone is free to buy and sell.
To be honest i am not concerned about zing price i am focused on adding more into my position to increase my share of rewards. After all i am getting them by delegation. Delegation Rewards are still higher than curation Rewards. I am sure that you all love ZING rewards especially the high apr in liquidity pool.
Thats it for today. Thanks
for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you.
Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.
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