RE: Upcoming changes to the Liquidity Mining APY at WOX-EXCHANGE

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RE: Upcoming changes to the Liquidity Mining APY at WOX-EXCHANGE

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crypto.piotr (70)Memberin WORLD OF XPILAR • 3 years ago

I myself welcome those changes with open arms. Truth be told, I initialy had plan to provide 20-30k TRX into liquidity pool. But when I've learned about how high APY being offered - I've reduced this investment to 10k TRX only.

I already know few people, who wanted to get involved but also changed their mind. This made my "mission" of helping to promote WOX-exchange way more difficult.

Hopefully upcoming changes will be quite drastic and APY will not be counted in thousands any more. Based on my experience - it would be much easier to encourage people to invest long term while APY would be around 50%-100% (yearly).

Overall I consider it to be a good move. Good direction.

Upvoted and resteemed,
Yours, Piotr

3 years ago in WORLD OF XPILAR by crypto.piotr (70)Member

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thetimetravelerz (66)Member 3 years ago

Hi @wox-exchange and @crypto.piotr
A gradual tapering of returns is quite welcome because as I see a high yield is not always able to maintain a stable price.
A lot of times people keep dumping the earned tokens this never lets the token discover a stable price levels.
Instead a decent APY and a out of the box real world use case for the token go a long way to sustain the project.
So this may not be a bad thing if it plays out in a way that the token price stabilizes and does not go down too much after the freeze on selling on the 20th is removed.
Besides at any point the ROI would be a factor that one must look at.
I have a different situation. I had provided liquidity prior to the woxdefi.app launch . Thus I had only one option and that was to use sunswap.com to add liquidity.
Now when I see the option

I am left feeling lost and very confused.
For one I do not see the status of my liquidity under the woxdefi.app secondly How do I choose the period of investment and thus returns in my case.
Whom should I contact ? Is there a line of support for us who provided liquidity before the woxdefi.app was launched? Perhaps @xpilar could show me a way out of this situation.