You are viewing a single comment's thread from:

RE: Bootstrapping WHIVE liquidity via the Proposal system.

in LeoFinance4 years ago (edited)

Absolutely love the idea! Was talking to @cardboard about getting wHIVE onto LP farms like https://bit.ly/DeFiTrade or https://growthdefi.com/, through Balancer Exchange pools.

But your idea is ideal! Hive should just kind of replicate what https://bit.ly/DeFiTrade did with their LP yield farming pools, and us as a community should get to contribute the liquidity and earn a yield in the form of funds from the DAO or some other hive-engine token.

However, this project would require more dev time and resources. The alternative is to simply create wHive pools on Balancer, Mooniswap, etc. and reach out to the already existing yield farming pools like https://bit.ly/DeFiTrade to see if they can get the wHive pair pool listed on their site. Also, keep in mind that the liquidity providers may prefer to earn in a different token other than HBD, and the pool will have to offer a competitive yield relative to the other yield farm pools in order to attract outside liquidity.

100% Upvoted, reblogged and bookmarked your post.

Cheers!