WTF! That's a lot of work.
So if it only makes sense for large amounts.. that rules out all the poor (figuratively and literally) fools that take years to get even 500 Hive.
If you still have to buy ETH to get into the DeFi game then isn't this just adding an intentional (and unnecessary) hurdle for yourself? Why not just buy ALL THE ETH with Hive to play the ETH game?
Am I not seeing why this wrapping is smart?
Is this just for the 'intensely committed to Hive' types?
ETH does not have 10%+ APR like Hive does :) Plus if you want to provide liquidity or generate profit from price differences, you need both ETH and Hive.
Ok all makes sense now cheers!