My returns for staking almost 30 BXT

in #hive-1679223 years ago

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@beeswap right from the start sounded to me like a great project for Hive. They provide the useful and very welcome service of swapping HIVE to SWAP.HIVE for 1/4th of the fees charged by Hive-Engine, and half of the revenue from the swapping fees are distributed to BXT token holders that decide to stake the tokens.

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My stake of almost 30 BXT is yielding about 0.4 liquid HIVE per day. It used to yield more but I think that with the growing popularity holders will face diminishing returns, but that is nothing because the APR is still above 50%, which means that if I hold my tokens for 2 years I will already get my investment back.

The only complaint/suggestion I have is that the team behind the project is way too silent, I would really like to know who is involved, and more importantly, how it works, is it decentralized? Can the source code be open? Is the logic running on Hive-Engine or does it depend on centralized services?

I already like the project, it has a good yield, but so did many other similars that closed down, so I would have a confidence boost if I knew more about the people, the code, and possibly a roadmap for what is to come and when, if anything.

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Dear @igormuba,

Do you mind supporting the HiveBuzz proposal for 2022 so our team can continue its work next year?
You can do it on Peakd, ecency, Hive.blog or using HiveSigner.
https://peakd.com/me/proposals/199

We wish you a Happy New Year!

From my understanding Beeswap is centralized. I didn't do enough research on it but Dalz mentioned it in this post. I also think there is no other way to do it for now.

The good part is that this is the first dex on Hive (that I found) that has liquidity pools. If you wanted to sell your BXT on Leodex filling the sell order would give you $14 per token today but swapping it on Beeswap gives you $18 per token.

I'm not invested that much but I do use it almost daily because it is much simpler and easier to use than all other dexes I know of.

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If it is centralized it is not a "dex" (Decentralized EXchange) right? It is more like a "cex" (Centralized EXchange).
But I can totally understand why. Hive-Engine is not developer-friendly and it is painful to develop complex logic/apps for it since you have literally have to bake into the code any new kind of contract and let them add to the codebase. I just hope they have a roadmap to become truly decentralized.

Yup, more Cex than a Dex, I'm just used to the terms I guess...

We will just have to trust their intentions for now. No other way around if you want to use it and benefit from the token... I don't like the centralized part either but if there is no other way I can understand the need.

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