@beeswap right from the start sounded to me like a great project for Hive. They provide the useful and very welcome service of swapping HIVE to SWAP.HIVE for 1/4th of the fees charged by Hive-Engine, and half of the revenue from the swapping fees are distributed to BXT token holders that decide to stake the tokens.
My stake of almost 30 BXT is yielding about 0.4 liquid HIVE per day. It used to yield more but I think that with the growing popularity holders will face diminishing returns, but that is nothing because the APR is still above 50%, which means that if I hold my tokens for 2 years I will already get my investment back.
The only complaint/suggestion I have is that the team behind the project is way too silent, I would really like to know who is involved, and more importantly, how it works, is it decentralized? Can the source code be open? Is the logic running on Hive-Engine or does it depend on centralized services?
I already like the project, it has a good yield, but so did many other similars that closed down, so I would have a confidence boost if I knew more about the people, the code, and possibly a roadmap for what is to come and when, if anything.
From my understanding Beeswap is centralized. I didn't do enough research on it but Dalz mentioned it in this post. I also think there is no other way to do it for now.
The good part is that this is the first dex on Hive (that I found) that has liquidity pools. If you wanted to sell your BXT on Leodex filling the sell order would give you $14 per token today but swapping it on Beeswap gives you $18 per token.
I'm not invested that much but I do use it almost daily because it is much simpler and easier to use than all other dexes I know of.
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If it is centralized it is not a "dex" (Decentralized EXchange) right? It is more like a "cex" (Centralized EXchange).
But I can totally understand why. Hive-Engine is not developer-friendly and it is painful to develop complex logic/apps for it since you have literally have to bake into the code any new kind of contract and let them add to the codebase. I just hope they have a roadmap to become truly decentralized.
Yup, more Cex than a Dex, I'm just used to the terms I guess...
We will just have to trust their intentions for now. No other way around if you want to use it and benefit from the token... I don't like the centralized part either but if there is no other way I can understand the need.
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Dear @igormuba,
Do you mind supporting the HiveBuzz proposal for 2022 so our team can continue its work next year?
You can do it on Peakd, ecency, Hive.blog or using HiveSigner.
https://peakd.com/me/proposals/199
We wish you a Happy New Year!