It seems that after so much waiting, liquidity pools are finally coming to the Hive network, courtesy of Magi. A few days ago, VSC changed its name to Magi Network, and the launch date for the first liquidity pools has been announced. It's Tuesday, November 11th, so mark that date on your calendars because we need to be very attentive.
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The first pairs will be BTC-HBD and HBD-Hive. The following day, another pair with DASH will be launched, which is one I'm particularly excited about. This will open up more possibilities for entering and exiting the Hive ecosystem, which is essential for more people to want to use this chain and for us to stop being a niche market. For the first pools, Magi will contribute between $100,000 and $200,000, which in my opinion is a way to start, but a bit low. However, if there are incentives, users will flock to it, and we'll soon have 1 million in liquidity, which for me is the minimum. To be a true alternative to CEX and be able to set prices, we would need to accumulate much more liquidity. But it's a good start. I haven't quite understood how the pool commission system will work, nor how they will be incentivized. If anyone wants to consult the publication, they can do so here: https://ecency.com/hive/@magi.network/the-first-hive-cross-chain-enabling-liquidity-pools-launch-on-magi-network-1111 The most important thing is that it gets up and running so we can judge its usefulness, and if it works, it could be a boost for Hive, which we clearly need right now.
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