Defibox Changes - Time to add to DEC or wLEO LP?

Recently there were a few changes made on Defibox. The most significant was the reduction of total BOX tokens from 100 Million to 5 Million total. This is a pretty significant reduction.

To accomodate this, a number of changes were needed and the most significant to my returns was the reduction in mining rewards. Previously the BOX returns were distributed at 0.0896 BOX per second for liquidity mining. Depending on your total LP you received a portion of this each hour.

With the reduction in total BOX tokens to be minted the LP mining has been reduced to 0.0168 BOX per second. This is a significant reduction and has resulted in my previous returns dropping dramatically. I was earning around 0.15 BOX per day, this has now dropped to 0.05 BOX per day. With the reduction of the total BOX tokens there has been a large increase in the LP of different tokens, reducing my BOX returns from mining also.

Now this wouldn't be so bad if the price of BOX rose with the reduction in total tokens being released. This hasn't happened as most people seem to be dumping their BOX tokens as they are minted. It will be interesting to see where the price of BOX goes. My next step is to consider whether I continue to persist with LP on Defibox or move some liquidity to Uniswap with wLEO or DEC?

The current DEC-ETH market is growing!

This is not investment advice.

Thanks for reading.

Posted Using LeoFinance ^Beta