I just was selling some Blurt into SIM(need to build up my city) but ended up not doing that. Tribaldex has AMM pools, like Uniswap but on Hive. And one thing was surprising, Blurt wasn't on the list, and I think getting Blurt on that list would be nice. But creating it would be useless if nobody would provide liquidity to it. So I'm wondering, who here would provide liquidity to it if I ended up creating it? You can check out the AMM here: https://tribaldex.com/dieselpools/.
Creating the pool will cost 100 BEE(about $20 last I checked, https://tribaldex.com/dieselpools/create) and I'll pay that cost, but I need to know that there will be liquidity provided to it. I plan on doing it USDT to Blurt since tying Blurt's price to other crypto might not be the best idea, but instead let Blurt be tied straight to fiat.
If you would provide liquidity, please comment how much you would put in. If its at least a few hundred dollars worth, I'll go ahead and create it.
Well…. I could use some of my 25% liquid blurt for that.
Sounds great. Will create it as soon as Binance reenables withdrawals.
Hold up…. I only have about 1,500 liquid blurt here and I will be powering up to get the Cosmos airdrop. Maybe @megadrive or @jacobgadikian could help with this ….
Whats the cosmos airdrop?
I believe there is a coming airdrop on the Cosmos blockchain for holders of Blurt Power. ….so I am trying to stack 1 Million Blurt Power.
I must admit, I haven't been following what's been happening there on Hive-Engine / Diesel pools. USDT/BLURT pool is a great idea, I can chip in 10 000 Blurt personally for liquidity provision. If the proof of concept adds value to Blurt then I might be able to motivate the foundation contribute more.
Really liking this, waiting on Binance to open their doors for withdrawals and then I can pay the fee to create it, I am considering using HBD if it stabilizes some(I might wait 1-2 week after the Hive fork to create it) more because it has lower fees than ETH.
I can throw in 10000 BLURT as well. It's not much, but it's a start. I can probably add more on a regular basis.
Awesome, thank you.
Have you actually read how Tribaldex works?
How do liquidity providers earn anything?
The rewards pool needs to be created for it(costs another 1k BEE). If we get enough people interested in it, I'm willing to cover the costs to launch it up.
So it isn't really a swap pool - LPs earn with a probabilistic "mining pool" rather than a proportional share of rewards.
I would love it if Blurt could be somewhere with real LPs, but from my comment with @sabion, it looks like wBlurt got ruined and its not coming back.
View the discussion here: https://blurt.blog/blurtdevelopment/@lazerlazer/qu5m8m
If this helps get Blurt listed on Binance or Binance Smart Chain maybe it’s a good idea…. But I lost a lot of money with Cub Defi Liquidity pools.
I asked about wBlurt and it sounds like thats not going to open up, and if so I assume neither will bBlurt(on BSC) will not be created either. That would be a lot better than using Hive-Engine as their pools don't give LP fees.
Sounds like an interesting goal. I don't know if I can add to the liquidity pool in USDT, however, I will definitely consider it in the future! I don't have any USDT at the moment on TribalDex.
Also how do we get Blurt onto the Hive-engine?