I don't think that adding rewards to your upcoming liquidity pools would be necessary, as having liquidity pairs themselves for your tokens should be enough. π€π€
Maybe use a central token for your token tipping projects (with a name such as "MMB"). π
!DIY
!WEIRD
I appreciate that perspective, thank you. I guess I was just mentioning rewards because those are usually what attract me to a pool.
Yes, I thought of that idea when considering the creation of diesel/liquidity pools for our tokens. We actually already have the !MMB token created, and the tipping not functional, but we have a lot more to implement with it before we share it with the community. π π π β¨ π€
!DIY
!WEIRD
Every token liquidity pair gives all its liquidity providers with a share of the 0.25% fee taken from every trade proportional to the percentage of the liquidity provided by each Hive user. π€
You have an option to make the MMB token the "center" of all your and @borniet's token tipping projects, such that the MMB's price would be the average or median (or something else) of all your other #HiveEngine tokens' prices, thus potentially helping in the stability of prices. π
!DIY
Yes, that's a good point. The only thing with that, however, is that you don't actually see any profit until you remove your assets from the pool.
Now that is quite a good idea indeed, making MMB the central liquidity token for all of our other tokens. MMB will be both pegged to, and backed by BTC (as SWAP.BTC), so it would have good value itself. I like this idea indeed! Thank you for the suggestion! π π π β¨ π€
!DIY
It's the same as investment where you don't get at least part of the profits that you earn from it. π€
I wonder why you plan to peg MMB to BTC instead of HIVE. π€π€―π
!WEIRD
!DIY
Yes, but that's why I prefer liquidity pools with good daily rewards, so that I can make use to them to generate greater growth.
Because all crypto pretty much follows BTC, and it's the most stable one of them all, so it's a good one for pegging and backing. π π π β¨ π€
!DIY
!WEIRD
For pairs of tokens that are traded in a lot, even the 0.25% trading fee shared among all liquidity providers for such pairs is already a lot. π
Since you would like the MMB token to be adopted more easily on Hive, I think you should peg it to HIVE. π€―π€
OK, that's fair, but I still can't use the assets until I remove them from the pool. I wouldn't mind for a pair like SWAP.HIVE:SWAP.BTC, since the pool would basically just be a savings account, from which I could withdraw as needed.
Yes, I understand the reasoning, however BTC is still one of the top best crypto investments, and the fact that we have SWAP.BTC, which makes it possible to acquire, trade, hold, and save BTC within the Hive Ecosystem, it's a solid choice. I love Hive, of course, but I also want to give some investment stability from outside the Ecosystem. π π π β¨ π€
!DIY
!INDEED
I wonder what you mean with I still can't use the assets until I remove them from the pool if you can simply withdraw amounts from any liquidity pair of whatever you think your profit should be. π€π€―π
I see a 1.76% discrepancy between the lowest sell offer and highest buy offer of SWAP.BTC right now on the #HiveEngine market, which may be high or "good enough" depending on the observer. π€π
!LUV
!LOLZ
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS
Don't be shy - share some DIY!
You can query your personal balance by !DIYSTATS