Not really mine, it is operated by theguruasia (also operating uswap), but I have invested in it :)
When there is a pressure to withdraw/deposit SWAP.HIVE, many swap services easily run out of their liquidity. https://kswap.app is an attempt to solve this by encouraging users to balance the bridge by introducing dynamic fees which allows the bridge to offer as much as 0.28% reward for providing liquidity. The goal of kswap is to only rarely run out of liquidity.
When reward on kswap is higher than fee on other swap services, Konvik-swaparb tries to make a profit. :)
I feel like I'm seeing a ghost 😂 I knew someone must have set up this network of arb bots but somehow I never expected to see you hanging out. Impressive work btw.
It seems he has his own swap called kswap. https://hiveblockexplorer.com/@kswap
Not really mine, it is operated by theguruasia (also operating uswap), but I have invested in it :)
When there is a pressure to withdraw/deposit SWAP.HIVE, many swap services easily run out of their liquidity. https://kswap.app is an attempt to solve this by encouraging users to balance the bridge by introducing dynamic fees which allows the bridge to offer as much as 0.28% reward for providing liquidity. The goal of kswap is to only rarely run out of liquidity.
When reward on kswap is higher than fee on other swap services, Konvik-swaparb tries to make a profit. :)
I feel like I'm seeing a ghost 😂 I knew someone must have set up this network of arb bots but somehow I never expected to see you hanging out. Impressive work btw.
Ah, so it is taking advantage of those rewards offered to balance the bridge.
Okay, makes sense now.
Thanks for taking the time to explain :)
Ah that's the other bridge - https://swaphive.github.io/swap/
So maybe he's just trying to get the 0.075% bonus when its there?
Makes sense to me
Also this konvik guy arbs the shit out of everything on hive, I've no idea how much he makes, but he does the same with leo
The LEO arb I get.
Priced differently on HE to BSC.
But how does a SWAP.HIVE to HIVE arb work?