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Have you ever used Tribaldex?

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Belemo
@belemo
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3 min read

I've been away for a while, sorting out some stuff at home. I and @wolfofnostreet spent most of the day outside, so I barely had enough screen time today.

There has been a bunch of developments that I missed and some others that I was aware of but never seemed to get closer to. One of such is the Tribaldex that has recently gotten my attention.

Right now, Tribaldex seems like a very solid earning opportunity for anyone looking to delve into liquidity mining. Using Tribaldex is unlike your experience with LP staking on Ethereum, Binance Smart Chain, and other Ethereum forks.

As I mentioned in the past, I pooled DEC against Swap.Hive in a liquidity pool on Tribaldex. On top of the SPS airdrop points, I also earn liquidity rewards.

The main reason why this platform appeals to me is because of the simplicity of moving assets around. In the past, I had a decent amount of tokens on BSC but that got stolen, and getting the assets there was a little bit stressful.

Thanks to Tribaldex, I can participate in liquidity mining, earn double SPS points and never have to worry about logistics of moving assets around. It is also twice as awesome because it gives me yet another way to invest my earnings from post rewards.

Hive is constantly evolving and as it evolves, more ways to earn will spring up. Whether it's through airdrops or otherwise, there's always something going on.

Swapping tokens and a huge discount

Still on the topic of Tribaldex, it's important to add that there's an easy swap feature that enables people to easily trade Hive-based tokens. Right now, there isn't that much liquidity, but it's still pretty cool to know that I can easily trade tokens and not have to use Hive-engine.

Speaking of tokens, SPS and DEC have been going down lately, thus creating a huge opportunity for anybody looking to cash in on the dump. Now, you can easily buy DEC with your post earnings by making fast swaps on Tribaldex.

I am very pleased by this because it will greatly reduce the amount of time I spend filling orders on Hive-engine through that tedious "buy order-fill order" bot-dominated process. When you want to buy or sell tokens, you get it done quick.

Need more tokens

As much as I like the Tribaldex, there's still a lot more needed for it to be the best place to trade tokens. There are only a handful of assets that are tradable on the exchange right now.

For many other tokens, one still needs to use Hive-engine or Leodex to conduct any transaction. Also, as I said earlier, liquidity is still quite low, so perhaps there's a need for more incentives to stake LP tokens.

All the tokens for Splinterlands, Dcrops and other NFT based projects all reside in the second layer of Hive. So, it's safe to say that the second layer is popping. However, you need to get in to get some of the action.

A lot of people aren't aware of the huge opportunity that resides in the second layer of Hive. I also think that many people haven't actually heard about the platform or use it.

Hopefully, more people will get active in the second layer of Hive, create liquidity pools for their projects, and then let the community participate in the growth of the project.


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