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RE: Complete Guide to Wrapped Hive | How to Wrap, Swap and Add Liquidity

in LeoFinance4 years ago

Yes, the liquidity is very low. For example, I provided 1 ETH and 1600 wHive in this video, and as of today I own about 10% of the entire liquidity pool and thus, collect 10% of the fees with a pretty small investment.

It is necessary to provide both sides in equivalent amounts - I.e. 1 ETH + 1 ETH worth of wHIVE

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Balancer actually allows users to fund liquidity pools with only one token; no need for 2 tokens of equal weight.

@khaleelkazi Something like 10% Hive/ 90% wETH or 10% Hive/ 90% wBTC would attract others not too familiar with Hive to take some exposure and offer liquidity on Balancer.

Also, you can reach out the the YFV Finance devs (https://bit.ly/DeFiArbitrage) and see if they are interested in adding a 98% wHive/ 2% YFV liquidity pool to their website. This way, we would get two birds with one stone; extra liquidity for Hive and a huge DeFi community becoming more aware of what Hive has to offer.