Nutbox and Liquidity Pool Participation

I wrote yesterday about this DeFi or decentralized finance opportunity on Justswap, a dAPP or decentralized application on the Tron blockchain. The Nutbox development team is providing a TSTEEM-TRX trading pair and thus an opportunity to earn both transaction fees, appreciation of TSTEEM and favorable curation upvotes on Steemit. You also can earn PNUT via SP delegation. The details are here:

Liquidity Provider

The current DeFi opportunity created on JustSwap by @nutbox is to provide Liquidity to the trading pair TSTEEM-TRX or TSTEEM-USDT or PNUT-TRX, plus the opportunity to trade your SBD for TSTEEM at Nutbox.io and then provide liquidity to the Liquidity Pairs on Justswap, an application, specifically a decentralized cryptocurrency exchange, based on the Tron blockchain. A Liquidity Provider is an investor who deposits dollar equivalents of trading pairs into the trading pools in exchange for a portion of the transaction fees paid by traders who trade or swap assets on these decentralized exchanges. Providing Liquidity is profitable and safe, so it is attracting investors from outside of cryptocurrencies usual ranks, and it has resulted in billions of dollars moving into DEFI this year. A Dollar Equivalent Pair means a dollars worth of each token is a dollar equivalent pair. For example a Dollar Equivalent Since the ERC token wrapped Bitcoin represents one Bitcoin and all its value, if Bitcoin is worth 4000 dollars USD and Ethereum is worth 400 dollars USD, then one wrapped Bitcoin, WBTC is worth 4000 dollars USD. Furthermore, in DEFI, since one Bitcoin valued at 4000$ would be worth ten Ethereum worth 400 dollars USD. The opportunity to be a liquidity provider has some risks, as all investments do, so do your own research before investing your money.

PNUT-TRX Trading Pair and Liquidity Pool

I examined the TSTEEM-TRX trading pair yesterday and the PNUT-TRX pool, and the PNUT had the most Liquidity, so that’s most advantageous for me.

My Activity

I deposited dollar equivalent amounts of PNUT and TRX.
I will monitor my positions and report out my progress here.

@shortsegments