With our liotes project, we try to give as much value as possible to the community. That's why we run the diesel pool LEN:LENM and we provide rewards in LEN, CTPSB and SWAP.BTC. We have always believed that having quality rewards in the diesel pool not only provides a nice return for liquidity providers but also offers a diversification into quality tokens.
However last May, there was a hack that stole swap.eth, swap.bnb and swap.sol from the accounts of hive-engine and basically destroyed the pairing of these tokens with the base tokens on their natives chains. Unfortunately, there were no efforts made by the hive-engine team to try to restore the pairing.
LEN and CTPSB tokens are both run by the Liotes project. But with swap.btc, we thought that we had a solution that was external and provided security beyond the hive ecosystem. Now we are not so sure anymore.
The question we ask ourselves is now, how safe is it to hold swap.btc? When we collect swap.btc and put it as rewards for liquidity providers, it's paramount that we can trust this token. What do you think? Do you see any alternatives ? We would be glad to hear your feed-back.
The numbers of this week
This week, we managed again to burn 60% of the new supply of LEN tokens. The APR in the diesel pool decreased a bit, mainly because there was a new big position added as liquidity.
The liotes ranking
We have updated the liotes ranking and this will be the ranking that will determine the rewards of September that will be paid out in the coming days. You can see the present ranks here.
Liotes
A project run by @ph1102 and @achim03
