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Hive On Decentralized Exchanges(DEX's): First Succesful Test.

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@deniskj
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The beauty of being a community owned blockchain rather than a company running every facet of the Hive blockchain is that individual can explore new ways of bringing Hive to the masses.

I once read a post on-chain, I can quite remember the author, and they said that one way to make Hive valuabke is to get it into the hands of as many people as possible.

Sounds rudimentary, doesn't it?

However, being a POS blockchain means that most of it is locked up by investors because it has more utility: curation, delegation, e.t.c.

That contributes to its scarcity.

So, how do we change that?

One way is getting Hive infront of many more eyeballs and one of those place to achieve that is listing it on decentralized exchanges and leveraging the Ethereum enthusiasts and DeFi nutters like myself.

This was all possible because of @TheycallmeDan who fronted the idea and the funds to bring the idea to life.

Here is the post where he lays down the idea.

The Little Things That Will Take Hive To The Next LVL

Its mind-boggling why this has never been pursued to its completion but at the same time I am grateful someone with the resources is pursuing it with such dedication.

How do you think this improves hive?

Well, I have a couple ideas.

I just came across flash loans on Aave where you can borrow funds without collateral so long as you pay it back in a single transaction.

Hive can leverage on Ethereum smart contracts to help investors speculate on the coin, arbitrage e.t.c opening up a whole level of funds.

There so many other things possible but I will leave you all to think of the possibilities.


https://twitter.com/GPujs/status/1293267790049300482?s=09

Hive to the moon....???

Or is it to early to say that.


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