The only way it gets a ton of adoption is if we allocate yield to it.
Be it trading fees or raw inflation.
There's also no intrinsic financial incentive for anyone to make it either.
And VSC contracts are... quite new.
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I bet many of the small users would do it to help the hive, no profits needed.
Crowd sourcing this seems a more sustainable way for the hive, anyways.
No vc's needed.
What baffles me is why somebody hasn't offered a dswap type bot service to trade the internal market.
Buy at .97 and sell at 1.0.
Seems like that thing would print money.
I know my dswap bot paid for itself several times over.
Okay, but "buying at 97 cents" means selling Hive after it just crashed 20%.
That isn't buying low; it's selling high.
So the bot needs access to another stable-coin like USDT that has a better peg.
So the bot needs to be able to:
This is a lot of steps and requires API access to the exchange holding the USDT.
Many things can go wrong.
I suspected that may be the case, but I could never get anybody to confirm it.
The internal market is always 1hbd is a dollar and it would require an outside exchange to actually profit from the variances.
Thanks for putting that to bed.
Maybe when the dex's get going the internal market will find more liquidity from the arbitrages.
I've no interest in arbitraging cex's for a number of reasons.