For many of you, this post is likely old news. For those newer to Hive, however, this tidbit may come in handy for you later. Most people know that Hive Engine and Tribaldex allow you to deposit a number of crypto and tokens, including depositing Hive and converting it to SWAP.HIVE.
What some of you may not know is by using Hive Engine or Tribaldex to convert Hive to SWAP.HIVE, you're losing a little bit of Hive when you could get PAID to convert! That's right! Paid for it!
A huge shout out to @thekittygirl for introducing me to BeeSwap!
She probably doesn't want it or need it, but 20% of this post's rewards go to her! You better not send it back to me, thekittygirl. 😜
(Created with Bing)
Depositing with Hive Engine & Tribaldex
Here is what I would expect to get if I deposited 31 Hive with Tribaldex, to be converted to SWAP.HIVE. I would get 30.768 SWAP.HIVE in return.
Converting with BeeSwap
Now let's go to BeeSwap (http://beeswap.dcity.io/convert). I will say that normally there is a fee to convert. Sometimes the pool liquidity for Hive/SWAP.HIVE gets low, so they offer rewards as an incentive for people to deposit Hive. As you can see below, there was only 47.66 Hive in the pool and 149,106 SWAP.HIVE.
Because of that, they offered me a 0.5% bonus, so I ended up with a bonus 0.155 SWAP.HIVE. Not too shabby!
While this isn't going to make you rich, every amount helps. If you're already planning to make a purchase on Tribaldex, check BeeSwap to see if they're offering incentives before paying a fee through Hive Engine or Tribaldex to deposit.
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