With the help of Diesel pools and SWAP assets that are backed by the Hive-Engine team, we can now finally compete with Uniswap on Ethereum, PancakeSwap on Binance Smart Chain and other similar platforms.
Diesel pools are like liquidity pools, where liquidity providers deposit assets to both sides of a trading pair in equal value. Users are then able to use the pools to swap between the tokens. Uniswap popularized the automated market maker model and other crypto protocols started utilizing the AMM model due to its innovative and decentralized features.
So platforms like Uniswap are very attractive, but because Uniswap is built on the Ethereum blockchain there are gas fees for every transaction you make. Binance Smart Chain has much lower transaction fees than Ethereum, but even doing things on BSC is getting rather expensive after the price of BNB went up massively.
Then there is HIVE - feeless and fast!
We will soon be really able to compete with big blockchains. We just need more SWAP assets, more volume and more liquidity in the pools. Unfortunately, right now it's not even useful to provide liquidity to the pools because there is no incentive - there are no trading fees or rewards!
The idea is great though and it has potential.
You can check the pools at -
https://tribaldex.com/dieselpools/pools
Posted Using LeoFinance Beta
as you said we need some trading fees as well as rewards!
Posted Using LeoFinance Beta
Congratulations @eirik! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 28000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz: