I was not aware that there was a Hive/HBD pair on Hive Engine. I'm struggling to see the point though, why not just trade it on internal market where there are no fees?
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I was not aware that there was a Hive/HBD pair on Hive Engine. I'm struggling to see the point though, why not just trade it on internal market where there are no fees?
Yep there is ... more then 100k in liquidity ... reasons to trade there would be lower slipadge... if there is one, and just for convinience if someone want to hold funds on HE in hbd without withdraw/deposit
It appears to me that you'd have much worse slippage on Hive-Engine than the internal market. I could see it worthwhile if there were other SWAP.HBD pairs available on Hive Engine.
not order books, the swap pools.
https://beeswap.dcity.io/swap?input=SWAP.BUSD&output=SWAP.HBD
And slippage is terrible on the internal market because there is no pool.
There are 6 pools with swap.hbd
https://beeswap.dcity.io/swap?pools&search=hbd
Slippage isn't terrible on the internal market if you are smart about trading. The stabilizer often buys and sometimes sells tens of thousands (sometimes hundreds of thousands) per day and barely moves the price.
The small liquidity pools that exist are okay for convenience and instant execution on moderate-sized orders only. They'd need to be much bigger to offer a real advantage on large orders, and it's not clear at all that the volume can support that.
I agree, I set my orders and watch the bots eat away at it, and tell my friends to do the same. I don't think that is the same thing as 'slippage' tho, that's market making.
I am still thinking and campaigning that we can test a postive feedback loop on one of the small liquidity pools, using the following method: https://peakd.com/me/proposals/206
I continue to campaign as strategically as I know how, its not at all necessary to get a whole year, with two months we will have the data. Look in the graph above how the Swap.HBD:Swap.BUSD pool grew after BXT was introduced. This method in the proposal WILL have effects, and I really hope we can get some evidence and thus determine whether its worth it to keep funding or adjust levels up or down.
You can do market orders and still not have much slippage as long as you don't do too much at one time. 100 HBD repeatedly for hours/days = very little slippage. 100000 HBD at once = lots of slippage (if even possible).