Some Information About Hive-Engine; BEED and Dswap
Hello again. In the first days of the year, we created the Cent/BEED liquidity pool. And we activated LP rewards. On January 21, we launched Bee/BEED Study. At the time I mentioned, there was no use case for BEED. However, a new use case has now been announced. I recommend regularly following the Hive-Engine Discord channel.
Spam transactions continue to be a major problem for internet servers. Hive-Engine developers have also been fighting spam transactions recently. Users who want to perform more than one transaction per block now have to pay a fee. If you want to perform more than one transaction per block, you have to pay 0.001 BEED for each subsequent transaction. There are no issues for regular users, except for arbitrage bots and market-making bots. However, even if you are not using a bot, I recommend keeping a small amount of BEED in your wallet for multiple order entries/cancellations, etc. The BEED tokens paid as transaction fees are burned. The @null account has already accumulated 69 BEED.
Even if you don't have BEED in your wallet, a few new features have been introduced for trading. By staking a certain amount of BEE on the Dswap.trade site, you could use market maker bots. Two new bots have been added to this feature. Market DCA and Pools DCA are now available. When you enter the required data into the bot, the tokens you want to sell are sent to @dswap. And the tokens you want to buy are sent to your wallet within the specified timeframe based on the data you entered. However, you will pay a 0.25% fee for these transactions.
In conclusion, I believe that use cases similar to the one I mentioned for BEED will continue to be developed. Therefore, I recommend joining the BEE/BEED Study right away. See you soon. Stay tuned.
İmage source: Gemini AI
Posted Using INLEO
I had heard about the BEED fee for multiple transactions in a single block, so I had a feeling that this would probably strongly increase the demand for that token. I've got 1.3 BEED in the pool so far, and it's growing every day. I had no idea about bot trading on DSwap, so thank you for that. 😁 🙏 💚 ✨ 🤙
In particular, the liquidity in the Cent/BEED liquidity pool is well below the amount we expected. We are trying to increase the APR rate as much as possible. As demand for the token increases, the return from the trading volume in the liquidity pool will also increase.
Oh, that's interesting to know. Higher APRs and higher trading/swapping volume both sound excellent to me! I'll keep adding liquidity! 😁 🙏 💚 ✨ 🤙
Tnx for this information, I didn’t understand it’s purpose before as I expected it to be another stablecoin but this does makes sense!
!pimp
Hive-Engine fills a critical gap in the Hive blockchain. Even cryptocurrencies that promise nothing but nonsense in the cryptocurrency ecosystem are very popular. Similarly, Hive and Hive-Engine will have potential if they get enough traffic. The only shortcoming of the system is the lack of enough investors/users. BEE and BEED tokens can meet many needs in the system. However, in the current situation, neither token sees the demand it deserves.
Would actually start staking every layer 2 token here, the advantages are good
Good luck in advance. Especially the BEE token has a lot of potential.
this is awesome
!LUV this share.
I am an active trader on Hive so I had to change some trading activities to cope with the 200 order book limit. And now, I am addressing this multi-trade per block limit.
The way changes are implemented on this decentralized platform can be frustrating.
After experiencing some #TooFuckeh trading issues I figured I needed some BEED so I looked up the token info.
I got the impression that I could burn BEE ie send to NULL to get BEED and that turned out to be a loss of 100 BEE
If the url https://tribaldex.com/beedollar was included in the token property sheet it would have saved me some BEE
Anyway, I now have some BEED so I have questions.
If I use https://beeswap.dcity.io/pools?search=beed and add some CENT and BEED liquidity, when and how do I get returns from the pool. I am still not up to speed on earning from liquidity pools. I was thinking I would use my PEPT-Earn account to add liquidity. This would be in support of my ePay token economy I am building.
Also, if I add say 20 BEED to the pool, and do nothing for a month, what kind of earning should I expect?
!PIZZA
!PIMP
When there is not enough liquidity and volume in the tokens in the system, the system does not see the necessary demand. And it can generate a low amount of income for witnesses. This means a vicious cycle in terms of server costs. The way updates are brought to prevent spam necessarily also causes misunderstandings.
In the BEE and BEED study I mentioned, we use two liquidity pools. The Cent/BEE liquidity pool mainly distributes BEED tokens as LP rewards. The Cent/BEED liquidity pool mainly distributes BEE tokens. If you are considering a long-term investment, I recommend using both pools. However, if you want to obtain BEED tokens quickly, you can provide liquidity to the Cent/BEE liquidity pool.
Ah Thank you. That is reassuring. My aim is a multi-generational investment.
!PIMP
This answers my question.
You can add new liquidity from https://beeswap.dcity.io/pools/add?pool=CENT:BEE after purchasing BEE and Cent tokens that you will add liquidity to. After about a day, you will start earning LP rewards from the pool. The tokens you earn are automatically reflected in your wallet. I have shared a few images below about the pool and the tokens you earn.
Thank you very much.
I added liquidity via my @pept-earn account.
$PIZZA slices delivered:
@fjworld(1/20) tipped @anadolu
Come get MOONed!
You mean adding liquidity to the BEE/BEED pool?
Now I remember the liquidity I added to the CENT:BEE pool a few months ago that I broke into four Cent pools. Though small and slow, I will restart again.