My First DEC:SPS Liquidity Pools Added Worth $78 - The Future is Brighter

Greetings to my esteemed Lions on the LeoFinance ecosystem and the entire hive blockchain. It's another day and time to share with you the mysteries of passive income streams on the hive blockchain, which providing liquidity pools is one of them. It's your friend @faquan, saying hello from this part of the world.

Many on the hive blockchain are wallowing in ignorance thinking that the Hive blockchain is just a Web 3 ecosystem that's meant for content creation alone, but the reverse is the case.

There are unending opportunities on the LeoFinance ecosystem and the entire hive blockchain through investments on passive income streams. Although, one will always been faced with either with their inabilities to raise enough capital or be confused by the numerous options to choose from.

The initial stage after onboarding into the hive blockchain, I was introduced to staking my tokens both earned (content) rewards ($Hive) and the second tokens that were earned alongside the Hive rewards. Staking on its own have two important effects on both the stakers and receiving platform:

• it gives the stakers the opportunities to increase their influence on the platform or the blockchain.
• it makes the platform stronger through their power (stake) and little fees.

At this point, it's a bit stressful because you have to manually curate by yourself or you delegate your stake to a Curator or a curating trail that'll help you curate. All of this is to make you earn some passive income for yourself on the blockchain.

In most recent times, I have learnt that one can create or provide liquidity pools for some liquidity pairs and also earn some passive incomes. It's quite amazing and less stressful but also has it's own risk like other cryptos.

At this point all you need to do is to look for the right liquidity pair to add liquidity pools for and off you go.

Yesterday, I provided liquidity pools for DEC:SPS pair worth about $78, with about 46k Dec and 707 SPS tokens respectively. For me this is an opportunity to venture into the GameFiverse to explore the strength of these platforms.

Why DEC:SPS Liquidity Pair
There's a very simple reason why I chose to venture into this area and it is because the future of blockchain(s) rest in the hands of blockchain Play2Earn platforms and #Splinterlands is one of the fastest growing blockchain game platforms.

It's also an opportunity to start hodling some SPS tokens for the future. At some point I can decide to move the number of SPS and Dec and stake them for Curation sake.

Thanks, See you at the top!

Posted Using LeoFinance ^Beta