According to my viewpoint, most Hive users neglect these fees. But they were huge (sometimes) & you can't avoid these fees. Moreover, these fees might vary between 0.2% - 0.75% from your swapped fund until we introduce HiveUpMe Discounted Bridge.
What is hiveupme discounted bridge?
The HiveUpMe DB is a swapping platform between HIVE & SWAP.HIVE tokens. The project owns by @theguruasia (it's me lol) & developed by @theguruasia & @ali-h (under the bot-factory developments). We introduced two front-ends for the project as follows:-- UpMeSwap UI - Developed by @ali-h with rich swap UI features.
- SwapHive UI - Developed by @theguruasia with a unique UI.
Why hiveupme db unique?
- We are the lowest fee (0.1%) swap bridge on the Hive platform.
- We provide free swaps & additional rewards (0.075% from swapped amount) until a certain level of bridge balance.
- We share instant 10% profit back (from fee) in the Hive pegged VAULT token form.
What is the actual fee of hiveupme db?
Like we said earlier, we are the cheapest swap solution for HIVE, SWAP.HIVE holders and we charge a 0.1% (Max) fee for your next swap. But we again send you a 10% fee in the form of VAULT.Question :- Why 10% refund on the VAULT?
Answer :- We are dealing with three decimals & fewer swap amounts (sometimes). So it's hard to charge a 0.09% fee. Therefore, we resend 10% profit from a 0.1% fee in the form of VAULT, which is hard pegged to Hive at 1 Hive = 10 Vault ratio.
Therefore, our actual fee is 0.09% & even though you can have no fee charge if you send funds to the less balance side of the bridge. Moreover, we reward you 0.075% of swapped amount + 10% of the instant fee profit (no matter if we don't charge the fee).
Free swaps & rewards - Is this possible?
Yes, it's possible. Our ultimate goal is to provide the lowest swap fee & above. Sometimes you neglect these fees because they are tiny & neglectable. But in the end, it can be worth something.Therefore, we invite you to try our services & your support will expand the liquidity & other services related to the bridge.
How swaphive.github.io/swap Works?
Copied from @hiveupme posts- Step 01 :- Check @HIVEUPME Liquidity Details
- Step 02 :- Check Liquidity Requirements
- Step 03 :- Check Your Liquidity Balances
- Step 04 :- Swap Your Liquidity
Important :- Minimum Swap Amount is 1 HIVE / 1 SWAP.HIVE / 1 VAULT & "Swap" button only available if your account has equal or more liquidity to swap.
Lowest Fee Discounted Bridge Solution
Hiveupme Discounted Bridge is the lowest fee (0.1% Max) swap solution for Hive <=> Swap.Hive. For more details, please refer to @hiveupme official updates.Stay Safe & Enjoy