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RE: SEED Holdings Report #10

in LeoFinance3 years ago

On HE orders, could existing orders left unchecked through the Hive pump be the cause of this? Or someone who, in the heat of the moment, thinks it's a great trade? All/most HE tokens go deep into red during a Hive pump. Hive was at the highest over $1.5 during this pump.

Personally I like the diesel pool and hope more will start using it.

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As I'm seeing, price feeds on tribaldex/beeswap get their prices from the 'normal orderbook' of Hive engine (dunno how to explain this).

That means that If for whatever reason someone buys 1 SEED at 20$ and nobody dumps after (things that happen with very illiquid markets), the visualization price on the diesel pool will give an incorrect value. (hive at 1$ and seed at 20$, but still a 2:1 proportion of seed vs Hive), which leads to the aforementioned confusion and consequent 'dumb dump'.

Ok, I see what the problem is. And yes, that can create confusion on tribaldex because of the illiquidity on HE. Maybe a bot on HE would help?