HODL, Sell or Liquidity Pool? PKM Tokens and What To Do With Them!

Channel:

An Old Luke

Subscribers:

4,870

Published on April 5, 2022 2:00:12 PM ● Video Link: https://www.youtube.com/watch?v=0lNbaOby6Lc

Game:

Splinterlands (2021)

Duration: 10:38

886 views

55

PeakMonsters has made a crypto token called PKM that is being airdropped to users of the PeakMonsters Splinterlands market site. This video will help you decide if you should sell them, keep them or provide to the PKM:SPS liquidity pool to get free rewards.

Learn about impermanent loss before adding to liquidity pools. I'd recommend these two videos below.

https://www.youtube.com/watch?v=oyriORaeJOw https://www.youtube.com/watch?v=8XJ1MSTEuU0

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If you want to see the google sheet I use for all of my splinterland videos, it can be found at https://docs.google.com/spreadsheets/d/1K3cQ5rxz16iIa0ji6RDlkGC1IIaKdtG9QaUcOv6OYE0/edit?usp=sharing

- Intro - what to do with your PKM?

- You can just swap to SPS if you really want to right now

- More PKM features to be built out later so you could just hodl to use them later

- Put them in liquidity pools



- Here are my current rewards at $150 worth of PKM:SPS

- Rewards will shrink as others add more liquidity to the pool unless you also add more


- Look up impermanent loss first- leave links in description and comments
https://www.youtube.com/watch?v=oyriORaeJOw https://www.youtube.com/watch?v=8XJ1MSTEuU0


- Why add to the LQ pool?

- Peak Monsters is far ahead of any other SL marketplace
- You think PKM and SPS will relatively head in the same direction of price
- You want to share in Peakmonsters profits and earn the liquidty mining rewards

-Why not?

- PKM is a new token and a low supply that is growing over time. Price can be very volatile
- watch my video for the intro of the token https://www.youtube.com/watch?v=1Z2g4rwFTos
- PKM is pretty speculative right now because we don't know what features they will add ahead
and they also won't be immediate.

- Show how to add

Conclusion

The way I'm treating this LQ pool is that I like using PeakMonsters and want to support the project
while receiving some benefits of the rewards. Because of the big volatile risk, I'm not putting
much more than I'm comfortable in. I'd advize you to do your own research to make your decision
if you want to provide liquidity or not.

#nftgaming #splinterlands #blockchaingaming #cryptogaming #playtoearn #play2earn

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