RE: Last Night's Hive Pump + LEO Arbitrage

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RE: Last Night's Hive Pump + LEO Arbitrage

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yabapmatt in LeoFinance • 4 years ago

On that note I've been looking for another way to get funds in and out of BSC

I use THORchain for that (app.thorswap.finance). If you send BUSD to a TrustWallet account you can swap them for BEP2 BUSD (it’s super quick and easy and I’ve done it many times for a good chunk of change) and then you can trade it for native BTC on THORchain. All decentralized, no KYC, it’s kind of magical actually. They will have ETH up soon I’m told but for now BTC should be fine if you’re looking to cash out in the US.

4 years ago in LeoFinance by yabapmatt

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edicted 4 years ago

Just to reiterate:

Send BEP20 BUSD to TrustWallet
Convert BEP20 to BEP2
Trade BEP2 BUSD into BTC on ThorChain

Seems easy enough.

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yabapmatt 4 years ago

Yep that's the process. I generally stay away from speculation in any of the various cryptos and just stick to BTC and some ETH, but RUNE is the one exception. It's the only currently operating decentralized cross-chain AMM protocol.

Not only can you swap native BTC directly for native tokens on other chains, but you can also add native BTC and native tokens from other chains to the liquidity pools and earn a return. Native BTC - not wrapped. All of the other cool defi stuff is also in the process of being built on top of it, like synths and lending and all that.

Once you really wrap your head around that it's pretty mind blowing. Why would anyone use a centralized, bid/ask exchange again to swap cryptos if there is a decentralized option with deep liquidity pools?

A bunch of people around here were talking about it back when it was trading for around $0.50. I got a little back then but I'm still buying heavily when it dips because it's the one project I've seen that's really revolutionary.

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apshamilton 4 years ago

One of you should do a more detailed post about this with proper explanations of the differences between BEP2 and BEP20.

This is very important to know about workable fully decentralised options for getting money into and out of the Hive ecosystem.

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khan.dayyanz 4 years ago

BEP2 is Binanace Chain while BEP 20 is Binance Smart Chain (Clone of ETH). That's the only thing i know :)

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edicted 4 years ago (edited)

Ah nice I was wondering if TrustWallet had a solution.

Guess I need to buy some Rune eh?
Just on speculation alone.

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epoq 4 years ago

Do you really need truswallet? Or is it possible to do that with Metamask?

Posted Using LeoFinance ^Beta

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yabapmatt 4 years ago

I'm not aware of Metamask being able to do cross-chain swaps, but I also haven't really checked so please let me know if it is possible!

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khan.dayyanz 4 years ago

I tried Metamask and it is only supported for ETH part of Thorswap. Trust wallet is great because you can create multi-chain account. SO you can store most of native crypto there.

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