USWAP becomes the cheapest way to deposit HIVE into Hive-Engine
The cheapest way to deposit HIVE into Hive Engine is now using USWAP.
If you're looking for the cheapest or best way to deposit HIVE into Hive-Engine, then USWAP is the way to go.
That's right, USWAP is now the cheapest way to deposit HIVE into Hive Engine - or move between HIVE and SWAP.HIVE - with a fee of just 0.1%.
Better yet, you can ensure there is at least 15% of the total liquidity on the lower side of the bridge and earn 0.075% instant rewards plus a free swap.
Competition benefits the end-users and any news that means we pay less to move our assets into Hive’s layer-2 token ecosystem featuring LEO, is definitely a win.
Current Hive-Engine deposit options
Currently, we have a number of choices when it comes to getting HIVE into Hive-Engine.
Your deposit options include:
- USWAP - 0.10% fee
- HivePay - 0.20% fee
- Leo DEX - 0.25% fee
- BeeSwap - 0.25% fee
- Hive Engine - 1.00% fee
- Tribaldex - 1.00% fee
As you can see, the brand new USWAP interface has undercut HivePay the Leo DEX and BeeSwap, becoming the cheapest option.
Hive-Engine remains the only interface to be able to issue fresh SWAP.HIVE, meaning you’re able to pay for the convenience of never running out of liquidity.
But as for choosing between the other interfaces when liquidity is available, USWAP is my new first point of call.
Yep, even this LEO maximalist can’t turn down a good deal.
Provide people with good value and they will come.
The USWAP difference
Apart from being the cheapest way to deposit HIVE into Hive-Engine, the USWAP interface also offers rewards for balancing the bridge.
Remember, USWAP is a bridge with a limited amount of total liquidity, that simply allows users to swap between the two.
If one side is short, then it's up to users to balance the bridge.
USWAP incentivises users to balance the bridge by offering instant 0.075% rewards and a free swap for providing anything up to 15% total liquidity on the lower side of the bridge.
Remember, USWAP is not an interface to Hive’s layer-2 exchange.
This means that there are no bells and whistles like order books or Hive DeFi liquidity pools.
Just a super clean interface to deposit HIVE into Hive-Engine as SWAP.HIVE.
With liquidity statistics clearly displayed on the single USWAP page, everything you need to know is right there without having to bring up pop-ups.
All that’s left now is to say go and try it out the next time you’re buying LEO!
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not share a chart or leave a comment with your opinion on the cheapest way to deposit HIVE into Hive-Engine. All comments that add something to the discussion will be upvoted.
This Hive crypto blog is exclusive to leofinance.io.