Haha yeah, I deserved that.
I'm just still wrapping my head around what BeeSwap is now offering.
I'm just confused whether I should simply stake it in the same way I would LEO.
Or whether I should be staking it on some new place that I'm not aware of on BeeSwap.
Posted Using LeoFinance Beta
I'm just staking mine in LeoDex/H-E/TribalDex...take your pick. Staking it allows you to participate in the fees being generated by BeeSwap. I think I read somewhere there were upwards of 50k HIVE a year in fees? Don't quote me on that. I think I did the math and came up with about 5 HIVE per BTX per year. And I think that should be regardless of the price of HIVE as fees are a straight percentage so...if HIVE goes higher, the value of the payments should go higher with it.
If you put your BTX in the LPs on BeeSwap, you can earn more BTX as rewards. The APY's this first week are stupid. Like 3000% last I checked, moving down weekly. The problem is, with HIVE and BTX both so volatile right now, I don't want to risk losing the small amount of BTX I have. So I just staked mine and I'll collect the fees. Not sure when those will start paying out actually. Anyone else know?
Posted Using LeoFinance Beta
I think the BeeSwap dividends will be based on the profits generated from the swap function. After all, its liquidity is much bigger than LeoDex and HivePay Swap. So I think staking it on Hive Engine is a pretty good choice if you don't want to risk IL.
Posted Using LeoFinance Beta