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RE: Creating Passive Wealth With BeeSwap

in LeoFinance • 2 years ago

So let me see if I get this right... beeswap allows you to exchange a coin/token for another coin or token without having to sell the first token for swap.hive, then go buy the 2nd coin/token with swap.hive, right? By putting in both (I'll choose one to make it easier) Swap.hive and SPS into a liquidity pool you're helping beeswap to make the exchange easier for people, so you get rewarded by beeswap with reward tokens/coins? I think I got it right...do they sell your liquidity or does it stay in the system and you can take it back at any point? This is a new concept to me...but so is Hive... thanks in advance for your help!

2 years ago in LeoFinance by
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         2 years ago 

        That's correct and in exchange for it you earn rewards of other tokens. The APRs of the current rates are found on the site. BXT I believe is in it's last deflation so 100BXT tokens per week across all pools. There is a risk of impermeant loss but if you're looking to provide the liquidity for a long period of time and keep the rewards then you are most likely in good shape.

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               2 years ago 

              would impermanent loss happen if I removed liquidity? Would my rewards paid out likely replace the liquidity I add? It sounds like it's not just a one week in one week out kind of investment.

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