loool, no dont reset it just now
Yea we have not integrated keychain yet, as it requires a reintegration across our whole site. Yet I would argue keychain is not safer than using actifit. But would definitely respect your choice where to put your keys. We do intend to have keychain integrated across actifit as well.
The intent of the bridge is to preserve value across chains. Right now the break even price is around 10 cents at BSC. If the price goes higher, then you are definitely profitable for selling AFIT on BSC. There are some cool arbitrage scenarios to think about ;) yet we are simply avoiding large price dumps and protecting our user and investor interest by this mechanism. As volume, liquidity, and price across chains develop, I believe we will see prices getting closer together, and the HBD requirement dropping, till it reaches a point where it is no longer required.
Your HBD sure you are entitled for them, but to get them back you would need to send back AFIT to h-e, which would unlock your afit + hbd.
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Thank you for the explanation. Regarding the active key, I could easily send my AFIT to a new and empty HIVE account and risk-free bridge over, until you have integrated Keychain.
About the arbitrage scenario, I made some basic calculations and the result is actually quite impressive for those who take advantage of it.
Scenario 1: AFIT Price on BSC > $0.10 ➡ Bridge 10,000 AFIT from H-E to BSC
AFIT BSC = $0.12 | AFIT H-E = $0.0012 Buy 10,000 AFIT (H-E) = $12 Bridge 10,000 AFIT (H-E ➡ BSC) + 1,000 HBD bond + 10 HBD fees (= $1,022) ➡ sell 10,000 AFIT (BSC) = $1,200 Result: $178 profit + $1,000 HBD bond on HIVEScenario 2: AFIT Price on BSC < $0.10 ➡ Bridge 10,000 AFIT from BSC to H-E (only works with active $1,000 HBD bond)
AFIT BSC = $0.08 | AFIT H-E = price irrelevant Buy 10,000 AFIT (BSC) = $800 Bridge 10,000 AFIT (BSC ➡ H-E) + fees 10,000 AFT (H-E) and get $1,000 HBD bond back Profit: $200 + 10,000 AFIT (minus Bridge fees)I guess that explains why the price of AFIT on Pancakeswap is constantly coming back to $0.10 (I guess you can call this a peg). Arbitrage is already in full swing. Still not sure what to think about it but I will keep an eye open for any larger price swings to the upside to try this out.
Thank you for doing these calculations! It didn't make sense until I read this!