BYTE:STEM Diesel Pool Now Live on TribalDEX
The BYTE:STEM diesel pool is now live on TribalDEX.com.
Image Source: https://tribaldex.com/dieselpools/add
First payout to liquidity providers will happen in less than 24 hours. For the current distribution contract there will be 512 daily LP payouts until September 6, 2025. Then we'll need to renew the pool's LP rewards with a new contract.
@learn2code has deposited 512,000 BYTE and 10,000 STEM for the diesel pool's LP reward. Anybody else who wants to is welcome to donate to the pool's LP rewards by depositing tokens.
Image Source: https://tribaldex.com/distribution
The BYTE:STEM diesel pool is the first pool on TribalDEX pairing STEM token. When @learn2code can raise the funds a BYTE:BEE pool will also be created on TribalDEX.
Image Source: https://tribaldex.com/dieselpools/?from=BYTE&to=STEM
If you want to swap between STEM and BYTE I would recommend waiting at least a day to give liquidity providers a chance to start joining the pool. If you want to swap a large amount of either STEM or BYTE be mindful of the slippage
Image Source: https://tribaldex.com/dieselpools/?from=BYTE&to=STEM
Why a BYTE/STEM pool rather than a HIVE/BYTE pool ?
As I understand, STEM and BYTE are primarily about learning; so there is a direct connection between the two coins.
While I hope that people will discuss HIVE-Engine interfaces, the connection between BYTE and BEE is indirect.
BTW: If you looked at the Learn2Code HE Wallet; you would see the account is building up a sweet stake in BEE. I understand that a pool is in the making.
I hope that @learn2code announces the creation date of the pool at least 10 days in advance as I hope to unstake some BYTE to add to the pool.
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It costs 1100 BEE (1000 to create and 100 for distribution contract) o create another pool. Hopefully @learn2code will reach 1100 BEE soon.
There's no rush so it'll be announced two weeks in advance. No worry.
@irivers is correct about STEM and BYTE being similar. Also it costs 1000 BEE to create a pool. Funding is limited and BYTE can already be swapped for HIVE on the exchanges, so it's not as high of a priority now. Eventually there will be a BYTE:SWAP.HIVE and possibly a BYTE:SWAP.HBD pool.
Might add some byte later
I'm looking to do the same :)
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