If tribaldex had more liquidity it would be the most useful token bridge on the interwebs. I was so excited when I realized how many withdrawal options it has but once I saw the order books my mood quickly changed lol
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Yep, liquidity certainly remains an issue.
I guess all we can do is incentivise people to add liquidity to these pools?
The changes from the Tribaldex team to incorporate fees that go back to liquidity providers is a good change in this regard.
The BXT reward token from the BeeSwap guys on certain pools giving a share of fees via their on/off ramp is another.
They're both relatively small, but they're certainly trying to make things happen.
Finally, this is slightly unrelated because the Hive network itself has the power to pump liquidity into the SWAP.HBD:SWAP.BUSD pool.
But I have to also mention @ecoinstant's DHF proposal to incentivise the SWAP.HBD:SWAP.BUSD pool.
Supporting these sorts of proposals that offer bridges to the rest of the DeFi world have gotta be a priority.
Open the bridge, incentivise adding liquidity and it will come from the outside!
Why has this not passed yet...?
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LeoFinance gonna fix all of this with wrapped Leo. I don't know if you tried the pLEO bridge, it is insanely fast.
As long as we can have enough liquidity on every chain that is yet to come people can always transfer value outside of Hive using LEO which is kinda a big deal.
Also, BXT is a great example. We need to incentivize liquidity more but those incentives should be sustainable. Throwing money at this problem won't solve it because once the incentives dry up people will be looking for better options.
Revenue share and a well-thought-out tokenomics model. That is all a DEX needs to become successful.
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I didn't check but how much liquidity is available? Also isn't there a diesel pool if you want a mid-price?
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Only about 80k in the Matic pool. It's great to get some Matic for transaction fees but it is way off when it comes to market prices.
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I think 80k would be quite a bit. Wouldn't you be fine doing a few hundred dollars or would it swing it too much?
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1 person buying a few hundred USD worth of Matic wouldn't cause any problems but 10 people doing the same would... 80k is really low in terms of liquidity but it gets the job done in emergency situations.
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It's important to mention that you shouldn't be using this route to accumulate large chunks of MATIC to actually pool.
As Jerry said, the liquidity just isn't there and therefore prices can slip.
Just use it if you quickly need that small amount of MATIC for gas fees.
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