You are viewing a single comment's thread:
Raising fees won't stop people from emptying the bridge.
Spot on.
Now, there is no point in avoiding the emptying of the bridge. That is essentially saying: "We need to stop people from buying our service." Why would anyone do that?
What businesses need to do at times is to say: "We need to stop people from buying our service too cheap." Hive-Engine does not do that because
Bridges will never sell above 1.01, of course. Emptying one side while selling for 1.01 is the best they can hope for.
What they can (and should) do is to avoid emptying it while selling at 1.0025 when everyone around is fine with paying 1.005 or 1.007 or 1.009 - people converting back ather picking up the reward prove the point - they could have kept the other coin but why would they do that if they are looking at non-empty bridge offering an irrational price?
Now, if I'm willing to pay 0.3% but it's charging 0.75%, well I simply won't do the action at all.
It is fine and it happens all the time. If I am willing to pay 2c for a bottle of soda, I won't do any action either. Supermarkets do not price their goods in a way to make sure that everyone going through the aisle picks them up.
I thought I typed this reply but seems missing, here goes again:
I think there are times when Beeswap makes sense at 1.02. It is way faster than Hive Engine deposit/withdrawal methods.
Posted Using LeoFinance Beta
View more