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RE: Hive-Engine Diesel Pools: Tips and Tricks

in LeoFinance2 years ago

Excellent content @gadrian ...

"This turned out quite long. I hope I didn't miss anything significant from what I intended to talk about. Let me know if you have comments or questions."

... and I think you covered it quite well, from my more limited experience-base than yours.

The timing was great as well. I have recently, to help some others, decided to "dip my toe" back into Hive posting again. Focused on the Saturday Savers Club community. I think they are a good audience for content just like this ...


One question: One of Hive's distinctives is that you can look into the transaction details on anyone's wallet, i.e. it cannot be blocked (unless the memo is encrypted, which helps a bit I guess ...).

That said, Hive Engine seems a whole different "animal" when it comes to even trying to see what others might be doing.

What is your experience? Is there some "back door," for example, to know who is in any of these LPs and to what extent? Even down to the transactions they are executing?

[Yes, I do know about the BeeSwap's version of "Richlist," but there is no way to put a particular account's name in there, that I can see ... And it is a "summary view" only]

As it is, seems like both TribalDex and BeeSwap require logging in and only then do you see that level of detail. On your own wallet, of course ...

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You can see the liquidity providers for a diesel pool from Beeswap, from here:

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You have the option to search for an account there.

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As for transactions, I am not aware of a public tool to trace transactions that involve diesel pools, your own or others. You can see the history of the rewards that are distributed to your account, which is an improvement because for a good while they weren't displayed.

Other transactions on H-E, as I'm sure you know, can be seen using a block explorer. You can see transactions filtered by account and/or token here.

Okay, I knew most of this, but missed seeing that you can search for a specific account in BeeSwap's Richlist.

"Other transactions on H-E, as I'm sure you know, can be seen using a block explorer. You can see transactions filtered by account and/or token here."

Yes, I am quite familiar with that tool, but ... It is limited ... When it comes to these LPs, worthless ... Even BeeSwap, for some reason (unless I have missed it somewhere), doesn't provide transaction details for adding, removing, swapping, etc.

I have to open that listing up in TribalDex ...


Well, anyway, I guess the tools we do have are better than nothing!


Have you spent much time with ... Whatever the name is of this new initiative I seem to have seen somewhere about an entirely new platform for L2 tokens on Hive? If so, what are your impressions of it?

Personally, I keep looking for an announcement that, at long last, our Hive blockchain has added true smart contract functionality at the L1 level of the blockchain. And "off to the races" (maybe?) from there ...

That's true, H-E is rather limited when it comes to the information we can find on certain operations.

Have you spent much time with ... Whatever the name is of this new initiative I seem to have seen somewhere about an entirely new platform for L2 tokens on Hive? If so, what are your impressions of it?

Do you mean VSC? No, I haven't. Hopefully, it will overcome some of the limitations of Hive-Engine.

Personally, I keep looking for an announcement that, at long last, our Hive blockchain has added true smart contract functionality at the L1 level of the blockchain.

I don't think we will have them on L1. The chosen way seems to be on L2 and more teams seem to have them on their roadmap for L2, besides VSC. Blocktrades is one of them.

Yes, I think VSC sounds right. I know nothing about it, but I have seen mention of it made here and there.

"I don't think we will have them on L1"

Hmmm. Maybe. But if Hive is ever going to have any of the functionality even remotely close to say ETH and its smart contracts, it has to be L1. Then, on top of that functionality, any L2 token has what it needs.

If that day ever comes, Hive Engine would become obsolete, I believe.

Note: I intentionally say if that day ever comes, because I have been reading about this coming, at some point in the future, since I became active on Hive in early 2018, closing fast on 6 years ago ...

I could be wrong, but that is my current understanding.

ETH has many issues (especially with the high fees) because of having smart contracts at L1 and having all the nodes to run all of them, regardless of the type of smart contracts. That's why all the L2 EVM chains came into existence which had the main mission, at first, to be the low-fee alternative to Ethereum.

Understood. And long known.

"... That's why all the L2 EVM chains came into existence ..."

Do you agree without some of the functionality of ETH, these blockchains would not exist? Certainly not in their present form?

None of the copycats would exist without EVM, and L2 chains wouldn't exist without Ethereum.

But that doesn't mean smart contracts at L1 was a good idea. They just can't reverse course from this software architecture, too much has been built using L1 smart contracts on Ethereum and the EVM copycats. And they probably won't admit smart contracts at L1 was a bad idea, just like bitcoin maxis don't see anything else but bitcoin.

In the past, there was https://hive-engine.rocks by @inertia, where you could see all transactions on the Hive Engine.
@inertia/hive-engine-rocks-sidechain-explorer-0-0-5-nft-update

Yes, thank you @sm-silva, but ...

image.png

... it does not appear to be a working website any longer.