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

in #hpud7 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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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

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. 😇😉

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

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.

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 😂

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

I actually already supported that. Can't quite remember when (might just be earlier today...)

Would love to have a proper look and dive into vsc. Unfortunately, circumstances don't allow me to do so just yet.

No rush, I am on the same "ish" boat of time.