The crypto markets are wild again and there is big volatility at the moment, which is an easy topic that I could develop in this post as I was doing in some of the previous Mondays (yes, it's Monday and it's wild again!?!), but I will go in a different route this time... Different, but similar to the last WB PHPool report, where I had to vent-out with that If it ain’t broke, don’t fix it post...
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Just before writing this post, I had a long conversation with a friend who was taking a mortgage to buy his first home! That is awesome news and it can be a very stressful process, but in the end, you don't buy a new home every day... Another important fact about this for a future discussion is that a friend is working in a bank, and it worked with loans and stuff...
We talked about mortgages, loans, interest rates, etc... Speaking of rates, he got an option to pick between the fixed interest rate and variable... The offer for fixed was 4.5% per year, and for variable was 2% + EURIBOR (which is currently around 3.888)... Now we come to the important point where my blood pressure went up... 😂 While, I don't care about banks at all, and things will go OK in both options for a friend, the thing was that someone told my friend that "EURIBOR will go down SOON" and that's the reason to pick that rate!
Again, I couldn't care less about banks, but saying that X thing which depends on so many different variables WILL GO down is the same thing when someone tells me that HIVE will go to $10 at the end of the year, and it will go down to $3... FOR SURE! As EVERYONE says that... The same thing that nobody knows where will go the HIVE price, the same thing nobody knows where the freakin' Euribor will go... Especially not in times when inflation is killing people all around the globe...
Long story short, the cherry on top of the cake was when I was telling the story to another friend and he told me this:
"He is a banker, he probably knows the best!"
In those moments, I got flashbacks of a movie The Big Short and those two bank agents selling mortgages to cats, dead people, etc... They were bankers, they probably knew the best...
Back to the Workerbee report numbers! This week we got one new delegator and we got a few more new delegations from existing members. Welcome, @master-lamps, and thanks for your trust!
In the last 7 days we mined 97 BEE tokens in total!!!
This POOL doesn't have fees and you get up to 20% MORE by delegating to it!
What about the bonus tokens?
As you may have noticed, the price of LEO tokens went up significantly in the last 30 days despite other tokens being hit hard... As I was giving away LEO tokens as a bonus in the past, some of you have probably doubled the value of them if you didn't sell... Anyway, a lot of people are staking LEO tokens to harvest curation rewards (including myself), which results in a very low amount of liquid tokens... As there is a demand for them (paying HP delegators), and not that big offer, the price went up... What will happen in the future? I don't have a crystal ball and can't tell you, but the current situation looks nice...
There will be distributed 20 LEO tokens to the delegators of the pool as a bonus reward today!
As always, in the end, let's give the exact numbers for this week... There will be distributed 97 BEE tokens and 20 LEO tokens as a bonus... The APR (without the bonus) was 10.067%, and when we added the bonus it went up to 12.085%!
I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get your portion of mined BEE tokens and BONUS rewards!
.:. DO NOT STAKE TOKENS TO MY ACCOUNT!!! Just DELEGATE! .:.
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here https://inleo.io/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other
Thank you for your time,
~ph~
PS. @lemonp8ste refund 7/9 (26.98425 WORKERBEE in total), for mistakenly staked WB tokens will be sent.
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