9% looks pretty solid, doesn't HBD have more than that though? IDK
Off-topic, how does mcbot buy LBI at .2 when there is a buywall way above that on Hive engine?
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9% looks pretty solid, doesn't HBD have more than that though? IDK
Off-topic, how does mcbot buy LBI at .2 when there is a buywall way above that on Hive engine?
Yes, everything is a trade off. I've had suggestions to use the EDSD instead of HBD to buy the EDSMM - thinking that is a better idea. EDSD is good while HIVE is low, minting lots of EDS - but the good thing about the miners is that it'll mint the same number of EDS whether hive is 18c or $1.80. An investment now, while HIVE is cheap, could be significant when (if) HIVE ever goes up.
I had a little buy wall at 0.58 (which was me with personal funds) which mcbot sold through, and then it sold (not bought) a bit more to the low ball bid in the market at 0.2. I have since added a little more to put the buy wall (tiny though it may be) back up.
Looks like mcbot is arbitraging between the LP and the order book. Buying from the pool and then selling into the buy wall. Good for some volume on the pool.
Thanks for the reply, it makes sense I see now. I saw the buy wall for a while and didn't know it ran out for a bit, lol.