Hey All,
I have a entered a couple liquidity pool on Osmosis App, which is giving me decent returns on a daily basis. I do receive two tokens as reward which is $OSMO and $STRD tokens. At the moment the Liquidity Pool #803 on Osmosis App surpassed $13+ Mil. And when I entered the LP ATOM/stATOM at that point in time the liquidity pool was worth 10+ Mil. This is where my 90% of investment on Osmosis is parked i.e. close to $900+
On a daily basis, I was accumulating $STRD tokens and here comes the pump to the $STRD token and I started to think - what my next action should be. Should I stay invested in $STRD or swap it for a stable coin. Finally decided is to swap for $EVMOS and as you can see from the above given image, I swapped the 33+ $STRD for 35+ $EVMOS. And why only $EVMOS should be the next question. Why not stable coins that are pegged to a dollar?
My Boned Assets 1K+ on Osmosis App
The answer is straight forward. Where, currently I am focusing to accumulate $EVMOS and increase my stake here. At the moment, I have close to 1K+ $EVMOS stake and the plan is to get to a point of having 1.5K+ $EVMOS staked.
With recent announcement from $EVMOS team and the roadmap for 2023 shared, things are looking promising. From EVM Devs crossing 4K+ mark along with 1K+ Cosmos Devs and Cross-chain deployments are much more friendly to users and developers. So I see a good positive momentum being building for $EVMOS and hence the plan to keep accumulating with the passive income earned via the LPs on Osmosis App.
#strd #rewards #stake #liquidity #defi #staking #strd
Plan for Liquidity Pool Earning on Osmosis App...
Best Regards
Image Credits:: stride.zone, app.osmosis.zone, medium
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