BXT is killing it! New model of rewards distribution

[ecoinstant]

So you have by now heard of BeeSwap and its new defi token BXT, which is paying out now...

We are almost half way through the first week, and the APRs have come down quite a bit now, mostly from increased liquidity being provided in the pools. This is a good thing, and hopefully will spur more arbitrage for the platform as a whole.

LONG LIVE HIVE

The BUSD:HBD stable pool has almost 80,000 dollars in it! This pool should be getting rewards from the HIVE DAO - this is one of the most important pools (layer two tools) we have to help keep HBD stable, in my opinion, as well as encouraging increasing the use of HIVE to arbitrage with other markets.

So the payouts are coming, but I noticed something interesting.....they are not daily but multiple times a day. What's going on here??

I went to the discord to confirm this, and indeed, the payout times are.....RANDOM!

After some number of hours (h) the BXT gets paid out fractionally of time (h/24) since the last payout. This means there can be no 'gaming the system', like some other reward mechanisms, because any would be abusers will not know when the next payouts will be.... you can't just park your liquidity for a few minutes at the daily snapshot time because...

There is no daily snapshot time!

I feel extra good about knowing that all the liquidity getting paid in this pool is actually liquidity that exists continually and can help arbitragers arb more, because in the end this means more fees for BEESWAP and BXT stakers, making the BXT worth more!

This also means that you can add liquidity whenever you want without having to fear missing a day.

But, you might ask, HIVE's pumping so price go down? Not necessarily! The BXT value is based on the fees it pays and will pay in the future, which are HIVE! So analysis of BXT price really doesn't matter what the price of HIVE is in USD - arb is arb!

BeeSwap continues to innovate

Gerber and Scriptioner have thought this one through very well, I am happy to be a part of it, add liquidity where I can and use the service. I have no extra or inside information on what might come next, but I know that this program is actually working to drive value to the BXT token, and that makes me feel good about supporting and participating.

Freedom and Friendship

Comments

[imno]

BXT is my favorite new coin. The payout is much better than most of these mining coins and these rewards for providing liquidity are amazing. I need to buy more after seeing some of your numbers. 😀

!PGM
!PIZZA

[zottonetoken]

Sent 0.1 PGM tokens to @imno, @ecoinstant

_{remaining commands 9}

Buy and stake 100 PGM token to send 0.1 PGM three times per day,
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

Discord

[jfang003]

I saw that the rewards were also random. However I thought it was more like one per pool instead. I guess my understanding of it was wrong. Is the HBD/BUSD pool great for arbitrage? I know that sometimes they are off the peg and you can make a little bit of profit by doing so.

Posted Using LeoFinance ^Beta

[ecoinstant]

the pool is still relatively small, so likely its just an arb point and not actually a stabilizer yet, but every bit helps! Whenever its out of whack in favor of hbd I have been selling to busd.

[jfang003]

I haven't bothered with HBD in Hive Engine as much but maybe I will move some over so I can do some arbitrage but I am unsure if just leaving it in the savings for the 10% is better.

Posted Using LeoFinance ^Beta

[chronocrypto]

You getting nice chunks of BXT

[ecoinstant]

big healthy chunks!

I'm slowly buying up that UTOPIS, stay motivated!

[niallon11]

So it's just the BUSD hive pool on hive engine to receive bxt or are their oths as well?
I don't know much about this yet.

[jfang003]

You can find the distribution list here. It shows all the pools and the current APR.

Posted Using LeoFinance ^Beta

[niallon11]

Thanks @jfang003, i'll have a look at it today and try to add some liquidity.

[ecoinstant]

Busd:swap.hive, bnb:swap.hive and hbd:busd is a binance chain trifecta, but also swap.matic:swap.hive, swap eth!, Leo:swap.hive, two for splinterlands, sps:swap.hive, dec:swap.hive and of course a bit to the SIM:swap.hive pool!

Its a four chain arb machine!!!

[niallon11]

Thanks for the info. I've added my first liquidity and working to build it up higher now.

[stokjockey]

I Really Like BeeSwap a LOT !!!!
Even Dr. Blight Approves and He is Not Always a Positive Guy...........

[uyobong]

The future of BXT really looks great. I wish to make the most of the next BXT dip.

[ecoinstant]

Yes, if you can price it correctly, dip buying should pay off well!

[faraicelebr8]

I'm as excited about BXT as a kid who's just got a new toy!

Posted Using LeoFinance ^Beta

[manniman]

Pretty cool, I‘ve already noticed as well. Going to stake SIM and Hive to get some more.

[dwayne16]

Your Bxt reward is amazing, defi on hive will different bring more awareness to the community

Posted Using LeoFinance ^Beta

[ykretz]

Really really great !! Gonna put some Lquidity in that pools !! !LUV and !PIZZA

[luvshares]

@ykretz_(1/1) gave you LUV. | wallet | market | tools | connect | <><

[aiovo]

I have some bxt staked as well and I'm getting reward as well

[tobetada]

yep really well done!

[eirik]

Very cool!

Posted Using LeoFinance ^Beta

[pizzabot]

PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@nastyforce_(1/9) tipped @ecoinstant (x1)
ykretz tipped ecoinstant (x1)
imno tipped ecoinstant (x1)

_{You can now send $PIZZA tips in Discord via tip.cc!}

[pixresteemer]

Bang, I did it again... I just rehived your post!Week 83 of my contest just started...you can now check the winners of the previous week!₁₃

[nastyforce]

Thanks for the info. More great things to work towards. !PIZZA