Seeking Feedback on a Potential New SWAP.BLURT Pool to Facilitate Trade

I've been asked by @megadrive to do a post on potential new ways to trade BLURT coins. To avoid discussing different things within one post, I'm going to split this into 2, possibly 3, posts.

This one is about setting up one or more swap pools within Tribaldex for the SWAP.BLURT token.

Every token created on Tribaldex (Hive-Engine) has by default a market priced in HIVE (SWAP.HIVE to be precise). However, most people will think of their token holdings in terms of some currency such as USD or their own national fiat currency, or even in BTC.

Now, Tribaldex has expanded hugely the range of other SWAP tokens available, as both markets and bridges. For example, you can now buy BLURT using your Metamask wallet by transferring a token such as BUSD into Tribaldex, trading it for SWAP.HIVE, then trading that for SWAP.BLURT and finally using the new bridge to get liquid BLURT on the Blurt blockchain.

That may sound like a lot of steps but is not unusual in crypto to bridge-in from one chain, swap then bridge-out to another chain!

This has led to discussions about whether we can facilitate this process by creating a swap pool pairing SWAP.BLURT with some useful other coin that can be deposited easily into Tribaldex.

Before doing so, let me dispel one confusing myth: Tribaldex and Hive-Engine are the same thing! They process the same market transactions, you can login with the same account details, they are just different frontends of the same parachain - LeoDex too, if anybody asks. The key difference is that the Tribaldex site has expanded into defi and added swap pools that do not exist on Hive-Engine. However, Hive-Engine does now have DSwap, but that's a whole other story. So if you wish to trade on a market, you can use either site, but if you're interested in swap pools then head to Tribaldex; on this point, BeeSwap is probably a cleaner interface for users (although currently lacking pool admin functionality).

OK, back on message: is there a token that Blurt users would like having as a swap pair?

If you click Withdraw in your account, you will see a new set of dropdown menus listing all the currently available gateways to other coins on other networks.

The one coin that first caught my eye was getting SWAP.BUSD with BUSD(BEP20). The similar offering of USDT is, unfortunately, only available as an ERC20 token, and hence subject to higher fees than BUSD.

One other option with cheap fees is getting SWAP.BCH with BCH. I'm not sure how popular BCH is as a coin as this will require a BCH wallet.

Indeed, every option will require some knowledge of the recipient or sender wallet and how that network's gas fees are calculated. For example, receiving BUSD demands gas fees paid in BNB, meaning you must have some already.

There is no point adding a tool that we think may be useful to Blurters only to discover that nobody really uses it. A SWAP.BLURT/SWAP.BUSD pool may have some use for other reasons, but that is a different calculation; what we would like to know is whether BUSD would be considered a useful new route into BLURT coins? As I said above, other coins with an existing gateway may also be considered.

Thanks!