nothing gets burnt
HBD is used to buy HIVE
HBD is used to buy LEO
HIVE wrapped to bHIVE. LEO wrapped to bLEO
BLEO-BHIVE is pooled
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nothing gets burnt
HBD is used to buy HIVE
HBD is used to buy LEO
HIVE wrapped to bHIVE. LEO wrapped to bLEO
BLEO-BHIVE is pooled
is it public what happens to the fees earned in the pool?
The LPs are not touched. It’s a one-way street adding liquidity… since LP fees are earned in like-kind (bHIVE-bLEO) and are not moved, they simply create an ever-deepening liquidity pool for HIVE/LEO
I don’t to name drop other projects on other chains but that sounds similar to what another team is doing to peg a forked stable coin which needs a 1,200x to reach $1… might take time but moves like this will be huge for hive/Leo
Easy.
Cheers Khal :)
happy to help!