I love being part of the INCOME family!
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☝️ For whatever it might be worth to hear it from me, I believe you have made a very good investment decision! ☝️
Thanks! Hearing from you is always worth it! We don't cross paths nearly often enough anymore.
Well, thank you for that word of encouragement! I appreciate it and know you are one of the "good people" in our Hive blockchain, so was starting out my day here to provide a you a little of my own. Knowing about this LP will help you considerably, if you elect to buy some more INCOME for your portfolio.
I am an incredibly naive token holder! I learned how to use HE early on, and have never ventured out from there. Liquidity pools baffle me!
Understood. For this old(er😉) man, there is a lot of this "virtual world" stuff that has a daunting learning curve. But ... Like anything in life, taking that first step is always the hardest!
All downhill from there ... Or ... At least ... That is the fairy tale version ... Hahaha ...
Seriously, if you click on the "So use the Pool!" link provided one of this post's headers, then you will experience the power of this LP firsthand. My recommendation is to just "test it." Put whatever amount of SWAP.HIVE you may wish, e.g. 10 and compare the amount of INCOME you would get in return, from this BeeSwap LP you have just been introduced to and the TribalDex market which you already know about it ...
I think you will find this particular learning experience very rewarding! 🫡
P.S. We must both be suffering from a little insomnia, as last I knew you were in the Midwest somewhere ... 🙂
I did..... Something. I'm already beginning to wonder if I did it wrong!
Maybe I need to give Tribaldex time to update. What's slippage?
TribalDex and a number of other Hive tools seem to be uhhh ... "struggling" ... lately. Is it just not coming up? If so, I have found that CTRL F5 helps to reset, although that is not a bulletproof solution ...
"What's slippage?"
Great question! It is the "range of freedom" (my words) you are giving the swap to be performed. Lots of different sources of info on that fundamental aspect of liquidity pools available "out there" (although I do not have one at my fingertips ...)
I simply always set that at 0.1%, which is most favorable to you, in executing the swap. If it does not execute, then I wait ...
The other essential aspect is the "Price Impact." I never execute the swap with anything above 1%. Ideally, lower ... This is directly related to the amount of liquidity available. Try different amounts of HIVE and you will see the resulting changes ...
In Tribaldex transactions I see 'Swap Hive for Income'. I think that means I did it wrong.
I'll give it a try!
I am in Wisconsin. Seems the older I get my sleep patterns take on a mind of their own. Fell asleep early and woke up, ready to go, at 2:30 am! I do see a nap in my future, though.