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RE: The HBD Flywheel

in LeoFinance2 months ago

I really like the premise of what the LEO Finance guys were doing with HBD being tokenized on the BSC but I don't know what ultimately happened to their bridge.

Ultimately I wish HBD could get on a couple more exchanges and with the premise of more DeFi opportunities to bring more value to the whole ecosystem it is a big positive!

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Sorry, I know this question is for @edicted '
But this desire to see Hive and HBD on more exchanges is one of the core reasons behind the leo-cacaoswap listing.

That wrapped Hive token , i.e. Arbetrum Leo ties us to swaps on cacaoswap and that also gives us access to Thorswap.

So Leodex conveniently does all the swaps for you to allow you to swap your Hive for Bitcoin, Ether and USDC if you wish.

The next step is to add HBD to the mix, but right now, when I attach my Hive Keychain wallet to cacaoswap I see only Hive and Leo.

Perhaps @edicted has traded HBD for Bitcoin or Ether on Leodex, I haven't tried it yet.

Eventually @khaleelkazi would like a trading pair between Hive and cacao and possible HBD and Cacao, but the Hive community would need to give the founders of Cacaoswap a reason to add our tokens, we need to provide lots of trading volume.

To be honest, I thought the ability to trade Hive for Bitcoin on a DEX would be a huge attraction for Hivers, but so far I don't think it's a huge volume trade yet.

Not enough people probably know about it. I remember the whole Cacao thing being talked about but I have never used it. I used to use Cub Finance and also HIVE Engine to get out. We really need that huge influx of people to come back / start new accounts to kick up the volumes in a big way but we all know it takes good price action for all that to happen. Chick before the egg type thing.

True, we need volume and we need liquidity providers to make things work well.
I provided liquidity on Tribaldex for leo-Hive pool and liquidity on cacaoswap for cacao-leo pair. It only requires a little liquidity, 100$ or 1000$ if you can lock up that much.
Eventually the pair will payoff in leo, which you can power up or trade for Hive. My assets are lopsidely Leo, so I am balancing things out while Hive is cheap.

I hope more people hear about LeoDex in the coming months