HIVE Can Avoid Becoming A Micro Cap Coin By Leveraging Yield Farming With Store Of Value Coins

This is the price chart of HIVE since the beginning. Not looking too healthy.

This is the LEO/HIVE pair on LeoDex. The short-lived crash marks the wrapped LEO hack. The situation was handled swiftly, transparently and every liquidity provider's loss of funds was compensated for in full! wLEO is slated to be relaunched shortly after a significant security upgrade. Check out the details:

Automated creation of wrapped versions of HE tokens could massively boost their values without centralized exchange listings. Those values could then potentially flow back to HIVE owing to the necessity of holding Hive Power to participate in chain governance to secure one's funds.

It's possible to borrow DAI or another crypto-backed stablecoin on Ethereum. This is why it would be cool to also have w[HE token]/DAI pairs because DAI is a multi-collateral coin and a lot of different cryptos can be used as collateral for taking out loans in DAI. wBTC/w[HE token] pairs would be very useful, too, because BTC has is the main store of value coin in the space.

Posted Using LeoFinance ^Beta