Have you ever used Tribaldex?

avatar

image.png

I've been away for a while, sorting out some stuff at home. I and @wolfofnostreet spent most of the day outside, so I barely had enough screen time today.

There has been a bunch of developments that I missed and some others that I was aware of but never seemed to get closer to. One of such is the Tribaldex that has recently gotten my attention.

Right now, Tribaldex seems like a very solid earning opportunity for anyone looking to delve into liquidity mining. Using Tribaldex is unlike your experience with LP staking on Ethereum, Binance Smart Chain, and other Ethereum forks.

As I mentioned in the past, I pooled DEC against Swap.Hive in a liquidity pool on Tribaldex. On top of the SPS airdrop points, I also earn liquidity rewards.

The main reason why this platform appeals to me is because of the simplicity of moving assets around. In the past, I had a decent amount of tokens on BSC but that got stolen, and getting the assets there was a little bit stressful.

Thanks to Tribaldex, I can participate in liquidity mining, earn double SPS points and never have to worry about logistics of moving assets around. It is also twice as awesome because it gives me yet another way to invest my earnings from post rewards.

Hive is constantly evolving and as it evolves, more ways to earn will spring up. Whether it's through airdrops or otherwise, there's always something going on.

Swapping tokens and a huge discount

Still on the topic of Tribaldex, it's important to add that there's an easy swap feature that enables people to easily trade Hive-based tokens. Right now, there isn't that much liquidity, but it's still pretty cool to know that I can easily trade tokens and not have to use Hive-engine.

Speaking of tokens, SPS and DEC have been going down lately, thus creating a huge opportunity for anybody looking to cash in on the dump. Now, you can easily buy DEC with your post earnings by making fast swaps on Tribaldex.

I am very pleased by this because it will greatly reduce the amount of time I spend filling orders on Hive-engine through that tedious "buy order-fill order" bot-dominated process. When you want to buy or sell tokens, you get it done quick.

Need more tokens

As much as I like the Tribaldex, there's still a lot more needed for it to be the best place to trade tokens. There are only a handful of assets that are tradable on the exchange right now.

For many other tokens, one still needs to use Hive-engine or Leodex to conduct any transaction. Also, as I said earlier, liquidity is still quite low, so perhaps there's a need for more incentives to stake LP tokens.

All the tokens for Splinterlands, Dcrops and other NFT based projects all reside in the second layer of Hive. So, it's safe to say that the second layer is popping. However, you need to get in to get some of the action.

A lot of people aren't aware of the huge opportunity that resides in the second layer of Hive. I also think that many people haven't actually heard about the platform or use it.

Hopefully, more people will get active in the second layer of Hive, create liquidity pools for their projects, and then let the community participate in the growth of the project.


Contact & Support

Posted Using LeoFinance Beta

hive splinterlands tribaldex crypto proofofbrain hive-engine cent archon ctp neoxian ash oneup leofinance
0
0
0.000
15 comments
avatar

I've experimented with a few pols but was disappointed with payouts. Not sure if you know buy 8d there an obvious way to check reward predictions without having to actively invest in a pool?

0
0
0.000
Reply
avatar

Other than the pools, it's a lot easier to swap second-layer assets.

0
0
0.000
Reply
avatar

Try using the BeeSwap interface.

If you click the pools tab, the 4th column shows rewards.

But as for seeing whether they hit your account, this unfortunately doesn't show up on either the Hive or Hive-Engine block explorers.

I'm sure the teams are building this functionality, but from experience, we can let you know that they are all paying out rewards as advertised.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I still prefer the old Hive Engine, but there is certain things you can't do there (like Diesel Pools and NFTs).

0
0
0.000
Reply
avatar

Last month I would have said tribal what?
The last few days with the help of @blainjones I put up a hive-engine witness server.
I learned a lot about Tribaldex, and how the witnesses sign and verify the blocks created.
Hive is always amazing me.

0
0
0.000
Reply
avatar

With post rewards paying out in HBD and the overall market slump, I'm loving the stablecoin pool right now.

What pools are you getting into?

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thanks man. RIght now, I'm only in the Swap.hive/DEC pool because of the double SPS airdrop points.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I am very pleased by this because it will greatly reduce the amount of time I spend filling orders on Hive-engine through that tedious "buy order-fill order" bot-dominated process. When you want to buy or sell tokens, you get it done quick.

Yeah this is indeed one of the best part of it. When you want to buy only few $ of a token on Hive Engine you have to place a ton of orders or wait really long before someone sells you what you want.
It can be really really faster with a simple swap !

Some tokens already have few million$ on the liquidity pool but that's mostly for Splinterlands tokens pairs :') some others don't even have $1000 :') !PIZZA

Posted Using LeoFinance Beta

0
0
0.000
Reply