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TribalDex - Has too much to offer - Explore TribalDex to your advantage

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gungunkrishu
@gungunkrishu
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2 min read

Hey All,

I have started exploring/leveraging TribalDex which is created by Hive-Engine. So far I found it to be a great platform that allows you to do many things like swap Hive-engine tokens, provide liquidity, track your positions, create new tokens, pools etc.. there is so much that you can accomplish on TribalDex. Businesses can quickly and easily build on the Hive blockchain via TribalDex

My LP position Graph

There was a point during March 2022 time frame where my liquidity pool value was close to $7K+. Then I squeezed out some of the LP and the current state of LP is somewhere around $3.5K+. The point that I am trying to make here is that one can easily track their liquidity pool worth via graphs in a pretty neat fashion. Now that I know what is my LP value, when and how it got increased. I can make plans accordingly that are tied to my LP pools and take those calculated risks in an efficient and planned manner.

Track All Your Transactions on Hive-Engine

I loved this feature of Tracking Your Transactions. All your transactions done on Hive-engine can easily be tracked on TribalDex. Transactions can be further sorted by "Added liquidity" by Click on "Add" button. Click "Remove" button to check all the LPs removed. And "Swap" button to see all transactions that are associated to swapping of tokens on TribalDex.

Liquidity Position

This feature is also my favorite. As the name suggests this gives you the break up of your LP holdings. For examples, I have entered the SWAP.HIVE:VOUCHER recently. It tells me my share in the pool. Along with the bifurcation of the tokens i.e. in our examples how much of SWAP.HIVE and VOUCHER tokens are there in the pool. So next time, if add more to the LP, then at any point of time I can easily know the bifurcation of the tokens in the pool.. which I feel is really very cool to know.

If incase you have not tried out - TribalDex. I would suggest you try out the platform, its simple to use and there is a lot of things your would learn tied to your transactions on Hive-engine, the LP pools and many more things to be uncovered.

Image Courtesy:: tribaldex

Best Regards

Posted Using LeoFinance Beta