I have since the H-E LPs, but does that create a sink for Hive? I think it would be interesting to be able to sink a portion of my Hive into savings and use it as a DeFi hot wallet of sorts. A contract to put calls on portions of the Hive in there that could be used to enter into for example, the H-E pools. Wouldn't this work?
I am excited too :)
Not a sink in a traditional way that you are thinking. But it does take a lot of the native token out of circulation. If rewards are high there is no reason for the user to unstake from the liquidity pool. Please look at pancakeswap at Binance smart chain. Which is a ETH clone but MUCH lower fees. It's transaction vol is now higher than ETH. That is saying something!
Full disclosure: I am invested in Cake and HE model is influenced by BSC and Pancakeswap
Please look at pancakeswap at Binance smart chain.
I have staked a bit of usdt using this on autofarm - I have no idea what I am doing, but it is there doing it :)
I also bought some cake, but unsure if I should stake it anywhere - at the mo it is sitting on Binance.
Posted Using LeoFinance Beta
Oh no. You got stake them :)
Hook up BSC on Binance smart chain. Look for post I did about 20 days back. I have step-by-step instructions
damn it.
Here :)
https://peakd.com/hive-167922/@azircon/who-wants-some-pancake
Thanks. I am good to go. I sent you a DM just to check something :)