Cartel.Swap: Change HBD ↔ SWAP.HBD and HIVE ↔ SWAP.HIVE with Lower Fees for CARTEL Holders

avatar

Carte-swap.jpg

While everyone is eagerly awaiting our account report, we have been developing a new service in parallel and are happy to announce the @cartel.swap: a new swap for both HIVE ↔ SWAP.HIVE as well as the first HBD ↔ SWAP.HBD alternative to Hive-Engine!

cartel-divider5.png

The Status Quo For HIVE ↔ SWAP.HIVE

To access the ecosystem of Hive-Engine we usually need SWAP.HIVE to buy tokens like ONEUP or CARTEL. To go in and out between HIVE and SWAP.HIVE we have currently two different ways, the official Hive-Engine deposits/withdrawals as well as a couple of cheaper alternatives:

  1. The official service from Hive-Engine/Tribaldex takes 0.75% fees for each swap and has unlimited liquidity. They control the issuing of SWAP.HIVE tokens and always hold an equal amount of HIVE in a hot wallet to allow withdrawals for everyone.

  2. The alternatives are from LeoDex, Bee.Swap, HivePay and Deathwing with fees between 0.2%-0.25% but with limited liquidity, which often leads to one side being empty until it is rebalanced with swaps from the other side.

If you want the swap between the more and more popular HBD ↔ SWAP.HBD (which has just increased the savings APR today to stunning 20% to create a more competitive stable coin to hold long term) your options are entirely reduced to Hive-Engine/Tribaldex with the default 0.75% fee.

japex-divider3.png

@Cartel.Swap With Benefits To CARTEL Holders

We have now launched the public Beta phase of our own swap service with @cartel.swap, which is available to everyone on HIVE. Besides offering HIVE ↔ SWAP.HIVE we also added a swap for HBD ↔ SWAP.HBD, which makes us the first 3rd party service to offer that, as far as I know.

We don't have a frontend yet to access it but it is still very easy use:


Send either HIVE, SWAP.HIVE, HBD or SWAP.HBD to @cartel.swap. You will automatically receive the other side of your token, either the swap or the native token.


If our balance is too low on the other side, you will automatically be refunded.

We have several features that make our bot different to other swap services:

  1. Staggered Fees
  2. Individual Daily Swap Limits
  3. Reserve For CARTEL holders

cartel-divider4.png

Staggered Fees For CARTEL Holders

Our fee for the swap will be dynamically calculated, depending on your CARTEL holdings within the last 24 hours. (The time factor helps to avoid gaming our bot and moving CARTEL to different accounts just to get access to our low swap fees.)

The fees are different for both HIVE and HBD swaps and are staggered into six variations for each pair. You can find our current fees below:

CARTEL BalanceHIVE ↔ SWAP.HIVEHBD ↔ SWAP.HBD
0 CARTEL0.25%0.5%
1 CARTEL0.20%0.4%
10 CARTEL0.15%0.3%
30 CARTEL0.10%0.2%
60 CARTEL0.05%0.1%
100 CARTEL0.00%0.0%

That's right, top CARTEL holders will pay no fees at all!

japex-divider2.png

Individual Daily Swap Limits

Each of the four tokens has its own daily swap limit. This will be usually around 25%-50% of the total liquidity and will be adjusted over time in order to create a better experience for everyone, where one account will never be able to empty one side alone if both sides were balanced previously. It will still be possible to empty one side alone, if it was low in funds already.

While we are still in the public Beta phase for our bot, we begin with a low individual volume of 100 tokens per day for each of the four sides (i.e. you can swap 100 HIVE + 100 SWAP.HIVE + 100 HBD + 100 SWAP.HBD every day). We will be gradually increasing the daily maximum amount and try to meet your demand.

If you send a transaction that is larger than the daily limit you will be automatically refunded with a memo text telling you that you reached your daily limit. You can also do multiple transactions until you reach your 24 hour limit, which will then refund all transactions that surpass the daily limit in total.

There is also a minimum swap of 1 token of any side, to avoid micro-transactions burning our Resource Credits and to be able to have enough token divisors to apply our fees.

1UP_Divider_3D_rotate.gif

Reserve Liquidity For CARTEL Holders

Japex-Shroomie_Hive_HBD_Juggler.png

Often with these swap services, we end up with one side depleted, because some large arbitrage whales are moving in one direction and leave everyone else without any option other than waiting for new liquidity to enter on the empty side or paying higher fees via Hive-Engine/Tribaldex.

This is where our reserve liquidity comes into play, that only CARTEL holders can access. This means, that as soon as the liquidity of any side is getting lower than the current reserve setting, only users who own CARTEL will be able to continue doing swaps with that particular token.

This is by far no guarantee for CARTEL holders to always have something to swap, as the reserve will be shared among other holders as well. But it will add another buffer in favor for CARTEL owners, that increases their chance to find at least some liquidity left when they need it.

Our current reserve setting is at 50 tokens on each side and will be gradually increased, together with the total liquidity and daily swap limits.

cartel-divider6.png

Public Beta Phase

Our new @cartel.swap is up and running and has multiple fail-safes. So far it looks like it is doing what it is supposed to but we still might encounter some bugs. So for now we have limited the liquidity, until we have tested it more with your help.

So go ahead and start swapping back and forth. If you find any bugs, please let us know on our Discord under #cartel-support. And soon we can start adding more funds, so you can actually move around some meaningful money.


Oneup-Cartel-Twitter-banner.png

What Is The Cartel?

Meta Gaming Guild
Meta Curation
Meta Dividend Token
Splinterlands, Hashkings, dCity, dCrops, Rising Star, Farming Tales, Crypto Raiders, Gods Unchained, Skyweaver, Ehon, PsyberX, Ragnarok, ChiFiBots -
and this is just the beginning of our journey.
With @curation-cartel we integrate over a dozen different curation accounts for HIVE tribes, including the popular @monster-curator and @oneup-curator, with delegations worth over 100,000 USD.Our token is the CARTEL and by selling it we generate funds to invest into games and HIVE tribes, as well as dividend tokens, to eventually pay dividends to CARTEL token holders.
Cartel-Flauwy.pngCartel-Spiritsurge.png
Cartel Founder
Cartel Manager
@flauwy
@spiritsurge

Special thanks to some of our most engaged family members. I wanted to list and ping you at first but I would probably miss half of you as we are many. You are all family!

Join us on Discord to learn more about the Cartel.

japex-divider3.png



0
0
0.000
38 comments
avatar

This is a fantastic function.
The bot automatically knows how many Cartel we have?

0
0
0.000
avatar

The bot automatically knows how many Cartel we have?

Yes, that is correct. Additionally, it will check your wallet transactions of the past 24 hours and substracts all newly added CARTEL from your total amount, to calculate the fees.

0
0
0.000
avatar

That's awesome news, I'm excited to have access to this service!

!1UP

0
0
0.000
avatar
Don-1UP-Cheers-Cartel-250px.png

You have received a 1UP from @mezume!

The following @oneup-cartel family members will soon upvote your post:
@oneup-curator, @leo-curator, @ctp-curator, @bee-curator, @pimp-curator, @vyb-curator, @pob-curator, @neoxag-curator, @pal-curator
And they will bring !PIZZA 🍕

Learn more about our delegation service to earn daily rewards. Join the family on Discord.

0
0
0.000
avatar

As someone that can juggle (pretty well) I can tell that new image was created by a non juggler - the objects DON't go round and round and the standard way to juggle four objects is two in each hand.

Maybe a slight modification of the object placement would be less infurating.

Posted using 1UP - Play2Earn & NFTs

0
0
0.000
avatar

Hahah I love it! Is that true, about the juggling?

0
0
0.000
avatar

really great news and a great use case for CARTEL tokens!
!BEER
!PIZZA
!LOL
!LUV
!PGM

0
0
0.000
avatar

Sent 0.1 PGM tokens to @libertycrypto27, @flauwy

remaining commands 9

Buy and stake 10 PGM token to send 0.1 PGM per day,
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get votes from @ pgm-curator by paying in PGM, here is a guide

Create a HIVE account with PGM from our discord server, here is a guide

I'm a bot, if you want a hand ask @ zottone444

0
0
0.000
avatar
(Edited)

PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA!
@flauwy! The Hive.Pizza team manually curated this post.

PIZZA Holders sent $PIZZA tips in this post's comments:
rachaeldwatson tipped flauwy (x2)
thebeardflex tipped flauwy (x1)
@spiritsurge(1/20) tipped @flauwy (x1)
libertycrypto27 tipped flauwy (x1)

Please vote for pizza.witness!

0
0
0.000
avatar

Very cool incentive for CARTEL holders! Great work!

!PIZZA

0
0
0.000
avatar

This is a great alternative. Just wondering, it is still possible for the liquidity on either side to run out if a CARTEL member uses up all of it right? I guess the reserves could have the daily limit for a few people so no single one person can swap it all out.

Posted Using LeoFinance Beta

0
0
0.000
avatar
(Edited)

Just wondering, it is still possible for the liquidity on either side to run out if a CARTEL member uses up all of it right?

Yes.

I guess the reserves could have the daily limit for a few people so no single one person can swap it all out.

Interesting point. We might consider this.

0
0
0.000
avatar

Congrats on this amazing achievement!! Keep up the great work, this is an awesome community with lots of great people, and this is just the beginning, can't wait to see where ONEUP will be in a few years, awesome!!!

0
0
0.000
avatar

Cool! Need to follow you guys more :)
!Pizza

0
0
0.000
avatar

Nice this is awesome, I hate depositing swap.hbd you normally lose on deposit and the trade.

0
0
0.000
avatar

Reduction in fees for the CARTEL holders is not only smart but it is a great way to save money for the holders ... loving it.

I have a question, "What is the ratio or percentage, of something reserved, among CARTEL holders according to their holdings?"

0
0
0.000
avatar

The reserve is currently without further limitations accessible to all CARTEL holders. Another user already suggested a further limit for each person specifically for the reserve. We will monitor if this might be a needed addition to our service.

0
0
0.000
avatar

Sounds great.

I'm curious if there are any innitiatives coming for the 1up token?

I see a lot about the cartel now but nothing on the native 1up token.

Posted using 1UP - Play2Earn & NFTs

0
0
0.000
avatar

Yes, we will get to more ONEUP stuff as well. We are already in the talks about a new frontend, pools and inflation will get some changes and more. Stay tuned. :)

0
0
0.000
avatar

I love this feature! you guys rock! I almost forgot we are gonna even get dividends, wow!!

rock on

!LUV

!PGM

0
0
0.000
avatar

Sent 0.1 PGM/LVL tokens to @flauwy

remaining commands 0

Buy and stake 10 PGM token to send 0.1 PGM per day,
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get votes from @ pgm-curator by paying in PGM, here is a guide

Create a HIVE account with PGM from our discord server, here is a guide

I'm a bot, if you want a hand ask @ zottone444

0
0
0.000
avatar

Congratulations @flauwy! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 66000 upvotes.
Your next target is to reach 67000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from May - Day 15
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000