Neoxian City has entered the realm of DEFI! We have a Diesel Pool!
Hello all my loyal Neoxianites, I'm pleased to announce that my city of Neoxian has acquired a Diesel Pool, and thus have entered Decentralized Finance.
You can see the new pool here: https://tribaldex.com/dieselpools/pools
The pool creates a trade pair between our city currency: neoxag and swap.hive.
What is a Diesel Pool?
It is a swap pool system created by Aggroed and his Hive Engine team. Diesel is a play on the word "gas", meaning that in this system, you don't have to pay the infamously high gas fees that you would in the Ethereum system of Uniswap. So you get all the amazing functionality of Uniswap without all those huge fees. Brilliant!
But what is a swap pool? What is so cool about it?
Ok, think of a traditional centralized exchange. On this exchange, the guys in control decide what trading pairs people use, so on there, you might trade PewDiePie Coin to BTC, or PIMP to BTC. But if you want to trade PewDiePie directly to PIMP, you'd be out of luck.
With the magic of DEFI, anyone can create the PewDiePie/PIMP pair if it's needed. The people can decide which pairs exist and then supply the liquidity (coins on each side). Then other users can make "swaps" or trades between these two coins and the pool handles this.
Check out diesel pools
So if you are interested in the neoxag or my city, or even just Hive Engine tokens in general, do check out. https://tribaldex.com/dieselpools/pools
Consider adding liquidity to your favorite pool (or creating one). And/or using it to make trades.
No rewards yet, but soon?
Just a note that right now, Diesel doesn't support rewards for liquidity providers, but hopefully that will be added soon, and I will add a reward to my pool.
Warning, putting money/tokens in a swap pool carries some risk.
It is a new system, there could be bugs. Neoxag, or Hive, or whatever could lose value. Enter this system at your own risk!
(pic from https://www.dailydot.com/)
City has gone diesel.
Posted via neoxian.city | The City of Neoxian
That great sir, although this thing is new. I hope the first one who paired here sure have some benefits
We all can afford risk thats why we all are here indeed.😊🙏
Thanks for the explanation sir
Posted via neoxian.city | The City of Neoxian
Any ideas on how the reward system would work or look like yet?
Posted Using LeoFinance Beta
No I don't know yet.
Posted via neoxian.city | The City of Neoxian
Still pretty freakin awesome! Once I get a grasp of it and some testing is done on it I'll be dropping in to Neoxian and hive. Good stuff I like seeing the progress.
I'll be making a video soon.
https://twitter.com/Bhattg18/status/1364410383729975297
Coolio, I started doing Cake Defi a couple of weeks ago. I don't really understand it, it was actually news to me that it works like creating a decentralized exchange for those Token. I wonder who is trading DFI-Doge and DFI-Lite...
well, I guess there is no such thing. But Pewds just announced a crypto game on his channel 2 months ago. Something similar to Geo Coin
I know I am asking the wrong person, but is there a LEO-hive Pool?
Posted Using LeoFinance Beta
They don't have one in diesel yet, they have an ethereum based one.
I was told the gas fees on that are too high for shrimpy users like me though
Maybe LEO team will create a pool on HIVE too.
We will see!
#winning
Knew you'd be out the gate on this, well done hombre ;)
Been hearing this new word more frequently lately. defi.
then you are actually late to the party!
tobetada, indeed. I am not spending much time on the net lately. Hive fun. 👍🙏
Congrats on adding one more feather in cap.
Defi is future and we should have presence in it.
Posted via neoxian.city | The City of Neoxian
Congrats to My Favorite Banker on Hive @neoxian
I Will Wait for the Rewards !!
Just swapped some. Works instantly.
Great
I was just reading a post about the demise of the Creativetribe so its a very nice surprise to see you guys still working hard and moving on up!
Best wishes to you and your crew!
i saw that yesterday, it's awesome! now what's left is the reward system as well as the fees
Posted Using LeoFinance Beta
Interesting, LP makes too much sense on the Hive ecosystem, it makes life easier of not having to trade in the market and wait. I hope to see more LP in the next weeks.
Posted Using LeoFinance Beta
@neoxian,
Seems this is a pretty cool idea and want to learn few things before join in!
!wine
Cheers~
Congratulations, @theguruasia You Successfully Shared 0.300 WINE With @neoxian.
You Earned 0.300 WINE As Curation Reward.
You Utilized 3/3 Successful Calls.
Total Purchase : 17743.849 WINE & Last Price : 0.280 HIVE
HURRY UP & GET YOUR SPOT IN WINE INITIAL TOKEN OFFERING -ITO-
WINE Current Market Price : 1.300 HIVE
A good thing i noticed about this is that it doesn't charge crazy fee like the uniswap ! which is very good for users...
Posted via neoxian.city | The City of Neoxian
That's pretty dang awesome Neo, Congrats to you and all. Let's keep it going.... The Great City of Neoxian......
thats so awesome.
Someone needs to create a LEO/HIVE pool. Everything I have is locked up in stakes! This is surly a turning point for HIVE. Should bring alot of attention and investors here!
Awesome!
I added some liquidity Neoxag there, yesterday ...
First it will give me some error, didn't get that and then successfully added :)
I don't think about this, if I am not Neoxian Citizen, All thanks to the Lovely City
Have a nice day!
Posted via neoxian.city | The City of Neoxian
Nice work Boss. Hive is moving forward and we all are with it. Good times lie ahead.
Posted Using LeoFinance Beta
city has gone diesel and PewDiePie Coin name gone viral 😂 proud to be loyal Neoxianites
Posted via neoxian.city | The City of Neoxian
Awesome... those feeless pools will definitely be an edge when reward structure is in place.
I had been caught in splinterlands addiction whirlpool but now on it. This is such great news, sharing on social media as well. More power to Neoxian and Hive and hive engine tokens.
Posted via neoxian.city | The City of Neoxian
Nice!
Posted Using LeoFinance Beta
How good it is to see how the platform is turning into a wide range of Super opportunities, Congratulations that the successes continue.
My first SWAP! NEOXAG of course!
https://hive.blog/leofinance/@ironshield/my-first-diesel-swap-from-swap-hive-to-neoxag
I just added some liquidity to the pool! This is exciting! I promised myself to get involved in more crypto projects this year. Let's see how this goes.
I'm upvoting for you to get more funds for that pool. Since there's no incentive and no real use case I guess you should do it on your own.
congratz to all neoxianites! Now we have our version of uniswap without the giant fees :)
Posted via neoxian.city | The City of Neoxian
Thanks for the explanation. I was amazed at the steep fees that one sees on Uniswap.
Just to move a small amount of DTC it can be cost prohibitive! Good work!
Good to have DeFi pools without gas fees on Hive blockchain. Indeed, we other all crypto.
Posted Using LeoFinance Beta
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism