It has been roughly a week since the inception of the BSCBridge 2.0 with the introduction of the HIVE <> BNB conversion. (Both ways)
In the past days (roughly 8) BSCBridge has bridged over 10k HIVE.
Well, for the exact numbers:
1415.831 HIVE has been converted from BNB to HIVE.
11111.11 HIVE has been converted from HIVE to BNB.
There have been a few issues in the past couple of days, mainly, the funds in the BNB side of the things constantly running out due to the fact that more HIVE > BNB conversion is taking place. In the beginning, I was honestly expecting more of a 50/50 split, maybe HIVE > BNB being a bit more popular, though, that was not the truth.
With almost 90% of the conversion being from HIVE to BNB, the BNB wallet kept running out of funds. Making the service unavailable (or having people not be able to convert their funds completely) from time to time.
To prevent such issue (in the upcoming days) I will be implementing a new system whereas both wallets will have minimum amounts (as in HIVE and BNB) and will be automatically refilled if the balance goes below that amount. The initial reason why I kept the amount low was that I wanted it to grow naturally, but as evidence would point out, due to the unbalanced conversions, that's not happening.
Thank you!
Thank you for the huge interest in BSC Bridge, the development of it will definitely continue... and who knows? Maybe it does end up becoming a liquidity pool. Where you guys can contribute to it in both HIVE/BNB and earn a percentage of the profits BSC Bridge has... maybe... soon™
What is BSC Bridge? What did I miss?
For more information on what is BSC Bridge you can read the announcement posts here: