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RE: LBI liquidity pool - feedback needed.

in #lbi • 7 months ago

Considering my previous comments, this may sound surprising to you, but I would wait with the decision a bit.
Currently, I put all my Leo divs and Leo rewards into liquidity pool and I guess others do it the same way, so the liquidity will steadily grow week by week.
We need to determine how much the liquidity is growing. Upon this data we should be able to assess whether it is likely for the pool to reach proper liquidity in any sensible period.

I'm wondering if it would be possible for LBI to set up a an arbitrage contract between orderbook, swap.hive:LBI and Leo:LBI pools. Maybe @blocktrades or @khaleelkazi would share their know-how with us. This would cost, but might provide another revenue stream that could be diverted into LP additional rewards.

So, I'd vote to postpone. I'm open for looking for solutions to raised issues.

P.S what if you used mentioned tribes tokens to buy more LBI via Leo pool to burn?

7 months ago in #lbi by
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         7 months ago 

        Yeah I agree, let's just wait for now

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               7 months ago 

              I appreciate your feedback. The current reward contract for the pool still has over a month left to run. Growing the liquidity is a goal, but as you say, it needs to be a week by week proposition, and maybe with a target depth before we even consider a second pool.

              As for arbitrage, I see some bots already doing this when the order book and LEO/LBI pool present them with favorable conditions. This is an area I have no skill in, and would have to pay someone to set it up. I doubt the cost for a stand alone arb bot on these markets that are not highly traded would be worth the investment.

              A second pool is definitely not something I'm in a rush to do.

              Dumping the miscellaneous tribe tokens for either more burns, or more reinvestment, or more pool rewards is a good idea.

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