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RE: 🎉Native Bitcoin Liquidity Pools Have Launched on Magi Network - Hive Crosschain Future Starts Today ❗️

in #hive28 days ago (edited)

Can we please have a Hive:Bitcoin swap pool?

I’m not saying that benefits the whole, but that is something I would be enticed to use!

Just an idea though, not saying you should 😃

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HBD is the base asset for all trading pairs for the time being. But you can easily do a BTC->HIVE swap or a HIVE->BTC swap, its all routed through HBD.

When 1 base asset is used in all trading pairs like this that significantly increases liquidity efficiency as its spread across much fewer pools.

For a 100 different coins pairing them with each other like Hive/BTC, you would need 5000 pools.
If you use a base asset for a 100 coins only 100 pools are needed, liquidity isn't spread thin and the base asset (HBD) becomes the liquidity backbone.

Use V4V
Instant swap via lighting.

https://v4v.app/pos/currency

Instant swap in either direction, it’s been around for years already.

Hi, how are you? Hive did a great pump a few days ago... It performed better than having HP and voting.
How are you doing after your hive break? I hope you're well.

Hey man! I am doing a lot better.

Hive did a great pump a few days ago

Yea! I saw that pump. Nice to see Hive is still getting those from time to time.

How are you doing after your hive break?

The Hive break has been really great for me personally. I am much more relaxed now, getting better sleep, eating better, exercising more, and drinking way less. It has been an objectively positive experience to take a step back and relax.

How have you been doing? I hope you have been well too!