RE: First Diesel Pool has been created!!!! Please welcome SWAP.HIVE vs BEE to Hive-Engine and the Hive ecosystem!
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Quick question: what liquidity providers earn in this case?
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Only what an external source is willing to give. Often the pool creator has to think of an incentive.
I guess if a token creator has excess tokens or has control over inflation tokens...
Right, so in case of Bee / Swap Hive who is the source?
Free transactions is cool to have fun, but all this Defi stuff is about providing liquidity for a revenue, I personally don’t understand where the revenue comes from in terms of Diesel Pools
The token issuer create additional inflation and give it as rewards to the liquidity providers, possible gamified with NFTs.
I am planning to increase inflation of LCASH and make a pool with gamified rewards, based on booster NFT cards. Stay tuned :)
This should be automated, right?
Most is automated yes with smart contracts on Hive engine. The inflation is a decision by the token issuer.
Actually the gamifycation is something for the future maybe I just was told.
Wicked
Dude there is nothing wicked about it, you must be confused, these tribe (including Lassecash) and everything in Hive Engine is anarchocapitalistic, its your option if you participate or not.
I’m always confused
Oh By wicked I mean as in great in the U.K. wicked can be used both ways 😭
oh its the slang way, so its positive?
Ahaha yes -
ok got it, I was a little unsure what you meant at first, thanks for info... yes Diesel pools should be quite interesting, potentially giving rewards when they are done.
Definitely cracking stuff I’ll be the first to join tried adding liquidity earlier as a test but might of been connection will try again later
yeah, Diesel pools are dope.. I think a reward system will be ready in about 2 weeks, gamified reward system tied to NFTs are later in the future. Thats what I understand.
We’re ON TRACK!! 😍