I have been trying to do use Bhive and Phive for some time and lately took a loot at it. Yeah, I must admit it is a very nice way to obtain HIVE from DEX. At a critical times such as this where deposit and withdrawals is at halt in CEX, it does gives a nice opportunity to grab some HIVE from this sink
But honestly we need more liquidity in these pools. The price impact gets little big when you plan to swap a big amount. In small transaction it might not matter a lot but in big amounts even a small percentage can have a big impact while swapping. So far I must admit a job well done by Khal! If I ever in need of HIVE in certain situation I would definitely give a try in here. For now Gate.io is covering my needs!
And yeah not to forget if I purchase in my ghost account to try to be anonymous, I would use this sort of services as well ;)
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Yeah, thanks for bringing up the price impact.
It's definitely something that people need to keep an eye on when buying HIVE via a DEX.
All we can do is keep encouraging the rest of the Hive community to add liquidity to the bHIVE pools on Cub Finance.
Not only are they incentivised by earning CUB at great APRs, but they are also helping Hive overall by allowing people to trade large volumes via a DEX.
Extremely important for everyone here!
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In the recent turn of event where we cant do trades in CEX, the value of DEX is ultimately understood. Yeah, I wish to see bHive or other coins to have more liquidity in the coming days! Cheers to that!