RE: SEED Holdings Report #10

avatar

You are viewing a single comment's thread:

On HE orders, could existing orders left unchecked through the Hive pump be the cause of this? Or someone who, in the heat of the moment, thinks it's a great trade? All/most HE tokens go deep into red during a Hive pump. Hive was at the highest over $1.5 during this pump.

Personally I like the diesel pool and hope more will start using it.



0
0
0.000
2 comments
avatar

As I'm seeing, price feeds on tribaldex/beeswap get their prices from the 'normal orderbook' of Hive engine (dunno how to explain this).

That means that If for whatever reason someone buys 1 SEED at 20$ and nobody dumps after (things that happen with very illiquid markets), the visualization price on the diesel pool will give an incorrect value. (hive at 1$ and seed at 20$, but still a 2:1 proportion of seed vs Hive), which leads to the aforementioned confusion and consequent 'dumb dump'.

0
0
0.000
avatar

Ok, I see what the problem is. And yes, that can create confusion on tribaldex because of the illiquidity on HE. Maybe a bot on HE would help?

0
0
0.000