RE: PowerUp 💪 May - I ask you, what is Hive for you?

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RE: PowerUp 💪 May - I ask you, what is Hive for you?

forykw in #hpud • 7 months ago

Right, here I go! Love these questions... thanks for asking.

So, in HE, you have the normal tokens markets, which by default pair with SWAP.HIVE right?... and that's the default for everyone that creates a token. You have a couple of UI's, like there:

https://tribaldex.com/tokens
https://hive-engine.com
https://atexoras.engine.splex.gg (customizable link from a clone of the HE UI, from the creator of the https://golemoverlord.com/?ref=forykw game)

Then because HE has also contracts capability, we have the so called Diesel Pools (or liquidity pools) where I created a few posts to enable people to get a quick overview (let me know any feedback):

https://peakd.com/hiveengine/@forykw/understanding-liquidity-pools-on-hive-engine-into-basics (internally you have 3 posts).

So, basically, here you have 2 pools that can help with acquiring the MEME or LIST token (and using the beeswap UI, these will be links):

https://beeswap.dcity.io/pools/positions?search=SWAP.HIVE:MEME
https://beeswap.dcity.io/pools/positions?search=SWAP.HIVE:LIST

These are not market trades, and happen instantaneously. Usually at better prices than the market.

In another insight, pools can also have pairs between tokens that are not listed on the market... for example, I could make ATX pair with BEER for example... and that would make another tradable token relationship that does not directly tie to SWAP.HIVE.

Any other questions, happy to help! And welcome to the incentive learning curve...

!BEER and !PIZZA (or !WINE if you prefer) 😝

7 months ago in #hpud by forykw

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caspermoeller89 7 months ago

This is great! Will be checking the post(s) soon, probably tomorrow.

I have long been thinking about doing an interface that allow for easy pool creation/addition for standard users. I just haven't had the time (or energy, to be honest) to take a proper dive into it.

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forykw 7 months ago

Let me know if you go ahead with this, would definably be interested on supporting you with any technical input you may need. Creation of pools is not a very "regular" thing because it costs BEE (1000), so it might be a not as regular UI option people would use. But having another one is something that is quite attractive, given the current only one I know is:

https://tribaldex.com

More into HE at https://github.com/hive-engine

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caspermoeller89 7 months ago

Imagine doing an interface where the 1k BEE fee would not apply when creating liquidity pools to existing tokens.
That is probably not possible, but it would create so many new pairs, and HE would suddenly be attractive to other DEXs too

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forykw 7 months ago

Well, that would need to be compensated somehow, because that would mean the DB will grow potentially much quicker, and then would create a bigger cost problem for node operators in general.

But, I don't think other DEXs have a problem with 1000 BEE, it is peanuts for most people operating DEXs or having bridges, etc. I also see the 1000 BEE as a "way to protect" against idiocracy and attacks, without any cost, attackers would just abuse the system and try to exploit ways to bring it down. There are always many sides to consider. 😇😉

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caspermoeller89 7 months ago

Oh no, you just ruined my vision 😂
It's true though. I often forget to consider peoples malicious intentions. I think I do that because I personally wouldn't exploit stuff like that

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forykw 7 months ago

Yeah... I would love the world to be like that too... unfortunately I get slapped since I was 13 everyday, reminding me that it was just a dream. 🤣

But creativity is what forges new concepts... so keep it coming.

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caspermoeller89 7 months ago

And now you're passing on the wake-up slaps. True legend 😆
I can't really see what problems liquidity pools will cause. But then again, I haven't really been thinking too much about it. Still in the idea phase 😂

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forykw 7 months ago

I would suggest you to take a look at the VSC project (@vsc.network) where you can potentially create this without that problem (removing the passed away slaps and trying to find the True Legend in me...) 😝

Still under development but I am guessing you can start looking at how you would be able to create that there. Join discord, check github, etc... you can already deploy a witness node which helps starting understanding how it all works.

Here is their second proposal where I think now things are way more "tryable" than before (firs proposal was mostly for people to conceptually understand its value and potential).

https://peakd.com/vsc/@vsc.network/next-phase-of-vsc-hive-smart-contracts-and-v4v-joint-dhf-proposal

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caspermoeller89 7 months ago

Oh... and always !BEER over !WINE .. at least when it comes to drinking
(Image taken at this very moment)

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forykw 7 months ago

I confess that I enjoy both. Depends on weather, food, company, etc. =)

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caspermoeller89 7 months ago

The food is important and, to an extent, the company too. I can drink red wine but I prefer not to as I don't like what it does to my teeth - and the taste is rarely good (always exceptions)

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