Hello. Welcome to our weekly study report. This week, we distributed 34.1 HBD worth of delegation rewards. The Hive price fell from $0.14 to $0.12. Therefore, we maintained the APR offered in the Cent Delegation Study at 30%.
Two weeks ago, we published an announcement regarding our stablecoin strategy. In the last two weeks, liquidity in the HBD/Cent liquidity pool increased from $1200 to $2450. Liquidity in the Cent/BEED liquidity pool increased from $980 to $1050 in the last two weeks. We are continuing to conduct research on this issue. We will likely transition the BEE/BEED study to a stablecoin study.
As part of Cent Delegation Works, we distributed 28.12 HBD and 47.2 Hive rewards. 17,500 HP, 17,500 BEE, and 12.189,000 CENT were delegated. The average APR offered for token delegates this week was: HP: 8%, BEE: 10%, Cent: 30%.
Previous report here. Follow @centtoken for the latest news and reports.
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