I am an incredibly naive token holder! I learned how to use HE early on, and have never ventured out from there. Liquidity pools baffle me!
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I am an incredibly naive token holder! I learned how to use HE early on, and have never ventured out from there. Liquidity pools baffle me!
Understood. For this old(er😉) man, there is a lot of this "virtual world" stuff that has a daunting learning curve. But ... Like anything in life, taking that first step is always the hardest!
All downhill from there ... Or ... At least ... That is the fairy tale version ... Hahaha ...
Seriously, if you click on the "So use the Pool!" link provided one of this post's headers, then you will experience the power of this LP firsthand. My recommendation is to just "test it." Put whatever amount of SWAP.HIVE you may wish, e.g. 10 and compare the amount of INCOME you would get in return, from this BeeSwap LP you have just been introduced to and the TribalDex market which you already know about it ...
I think you will find this particular learning experience very rewarding! 🫡
P.S. We must both be suffering from a little insomnia, as last I knew you were in the Midwest somewhere ... 🙂
I did..... Something. I'm already beginning to wonder if I did it wrong!
Maybe I need to give Tribaldex time to update. What's slippage?
TribalDex and a number of other Hive tools seem to be uhhh ... "struggling" ... lately. Is it just not coming up? If so, I have found that CTRL F5 helps to reset, although that is not a bulletproof solution ...
Great question! It is the "range of freedom" (my words) you are giving the swap to be performed. Lots of different sources of info on that fundamental aspect of liquidity pools available "out there" (although I do not have one at my fingertips ...)
I simply always set that at 0.1%, which is most favorable to you, in executing the swap. If it does not execute, then I wait ...
The other essential aspect is the "Price Impact." I never execute the swap with anything above 1%. Ideally, lower ... This is directly related to the amount of liquidity available. Try different amounts of HIVE and you will see the resulting changes ...
In Tribaldex transactions I see 'Swap Hive for Income'. I think that means I did it wrong.
No, I don't think so, if you are referring to what you see in TribalDex under "Pools," then "Transactions." That is the right wording for a BeeSwap transaction. Open the transaction link and you will see this - beeswap: "3.1.4"
This is where I have to go, for the accounting details I need for my spreadsheet, from swaps in BeeSwap. For whatever reason, you cannot (at least I cannot ...) find them in BeeSwap.
Check out this link!
This is a hive-engine block explorer, which I have filtered for your username and INCOME token, it shows me you have successfully purchased 0.46+ INCOME tokens by swapping in the pool!
Thank goodness! Often when I do middle of the night transactions I totally messed things up. Now to figure out how to add to it. That seems to be a little easier.
I wouldn't really recommend adding to the pool, there are no addtional rewards (other than swap fees), and in fact tokens in the pool are not counted for divs or curation list.
The exception to this might be, any fractional tokens you have, which are not counted for divs. This less than 1 token amount could earn fractional swap fees with no loss of daily divs.
Most LPs want people to get in, put in liquidity. I encourage them not to, maybe I'm weird but in our case we got 'corporate liquidity' from the main account, and there is not much incentive for users to get in, except perhaps marginally as mentioned above.
I'll give it a try!
I am in Wisconsin. Seems the older I get my sleep patterns take on a mind of their own. Fell asleep early and woke up, ready to go, at 2:30 am! I do see a nap in my future, though.
I can certainly relate to that. Take care!