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RE: The First wHIVE Was Just Minted on the ETH Blockchain

in LeoFinance7 months ago

This all sounds pretty cool but I'm just a little bit confused on how it works.

By I just regurgitating the words you guys said,

  • We can make wHIVE with our HIVE tokens. (got that)

This is where I got lost...

We can add wHIVE to a liquidity pool that people borrow against, this would be like locking up our tokens for 30 days for a high APY?
Where do you make money on wHIVE?

Would we need to pay ETH GAS costs?

Are their any youtube videos or further reading on this?

thanks for your answers!

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Where do you make money on wHIVE?

You can trade wHive on DEXes. Also, if you provide liquidity on Uniswap, you earn part of the fees (https://www.asiacryptotoday.com/uniswap-guide/, https://decrypt.co/resources/what-is-uniswap).

Would we need to pay ETH GAS costs?

Yes.