Direct from the desk of Dane Williams.
With its sleek new look, low fees and deep bridge liquidity, BeeSwap is the best Hive-Engine interface.
The new BeeSwap V3 is now officially live!
It might not be the cheapest way to deposit Hive into Hive-Engine, but with the most user-friendly interface and deepest bridge liquidity, there’s no doubt BeeSwap is the best.
Just take a look at this thing of beauty:
Nice, huh?
In today’s blog post, I share why BeeSwap is the best Hive-Engine interface, talk about its BXT token integration and make a comparison to our own LEO Dex.
What is BeeSwap?
BeeSwap is a browser wallet and DeFi application designed to make deposits/withdrawals to Hive Engine faster and cheaper.
Featuring an interface that simplifies access to Hive Engine contracts such as pools, markets and NFTs, BeeSwap is the perfect alternative front-end to hive-engine.com.
Essentially, they’re a bridge service between the native blockchain token HIVE and its SWAP.HIVE equivalent on Hive-Engine.
While providing this service, BeeSwap even shares all fees generated with liquidity providers and those who have staked BXT.
What is the BXT token?
One of the coolest features of BeeSwap, is that it has its own token called BXT.
Staked BXT tokens earn 50% of all fees generated by BeeSwap, currently estimated at a nice 50k HIVE yearly.
To encourage continued arbing and fee generation for BXT holders, BeeSwap offers free conversions on the side where liquidity sits below 10,000 HIVE/SWAP.HIVE.
Additionally, when doing conversions on the side with liquidity below 5,000, users receive ~0.11% return from their conversion paid in BXT (up to a maximum of 3 BXT).
As mentioned above, BXT is also distributed as rewards to liquidity providers on certain pools.
Thus making it an attractive option for those looking to earn rewards, all while supporting some of the key pathways to move external funds in and out of the Hive ecosystem.
Currently you can earn 15% for staking your BXT.
Or alternatively check out the current BXT APRs in the screenshot below:
BeeSwap vs the LEO Dex
What about a direct comparison between BeeSwap and our own LEO Dex?
LeoFinance obviously has other priorities with all the work being done on their new microblogging interface, so in some ways I can forgive.
But if we’re being honest the Leo DEX sucks from both aesthetic and functionality points of view.
Aesthetically, it looks gross and never loads properly without me clicking between tabs to refresh.
Functionally, the fees are higher than the competition and as there’s never enough liquidity to make using it worthwhile anyway… there’s just no point.
I’m a LEO maximalist, sure.
However, I also like money and value my time.
So until the team devotes time and resources to this part of their ecosystem, I’d recommend choosing BeeSwap every time.
Final verdict: BeeSwap is the best Hive-Engine interface and bridge service
Yep, the verdict is in.
Whether you're an experienced Hive user or just getting started with DeFi on Hive, BeeSwap V3 is definitely worth checking out.
With its intuitive interface, reliable performance and lucrative rewards system, it's no wonder BeeSwap is rated the best Hive-Engine interface.
So what are you waiting for?
Click the link above and come see what all the buzz is about!
Best of probabilities to you.