Hello everyone! I often trade L2 tokens in hive-engine. However, most of the time, I often go to BEESWAP because the pools have more liquidity than in hive-engine market. Recently, there is a new platform to swap hive-engine tokens called DSWAP.TRADE. It's similar to BEESWAP but with innovative new features. The platform can be accessed in via the link below.
It's easy to sign in. You can use Keychain to sign in with your hive account. The platform has similar features with BEESWAP where you can swap hive-engine tokens.
Traditional Swaps
For example, swapping HIVE and COLONY tokens. In this example, swapping 140 HIVE will cause a price fluctuation and you will end up paying more HIVE for the COLONY tokens you want to buy.
Market DCA
DSWAP.TRADE offers a solution with Market DCA or Dollar Cost Averaging. In this mode, you can divide the amount you buy every minute, hour, day or month. In this example, I set it at once every day divided by fourteen orders. I will be spending ten HIVE daily for fourteen days to buy COLONY tokens. In this case, instead of a one large buy, I would be spending the same amount but split my buying in several tranches thereby not affecting the price too much and not spending too much as well.
Pools DCA
The Pools DCA is similar to Market DCA but in this mode, you will be buying from the liquidity pools instead of hive-engine market. In this example, I divided my buying to ten orders every hour. I will be paying fourteen hive per hour in ten orders.
Market Maker
This is for people who want to automate their trades and provide liquidity to your desired tokens. There is a 100 BEE required balance to be able to activate this feature.
Final Thoughts
If you regularly swap hive-engine tokens like I do then consider using DSWAP.TRADE especially if you are doing large volume trades. It does the traditional swaps but also offers a DCA mode to prevent large price fluctuations by a single high volume transaction. For traders, it also offers a way to automate your buy and sell transaction on hive-engine.
