### The State of DeFi Hive is just... Awful, really painful. I have so far relied on MEXC for getting Hive In and Out of the Hive network. It has been a breeze, but ever since MEXC went KYC we are now faced with a tough question: **how do we on and off ramp** (without KYC)? ### Other NO KYC CEXs I talked about XT.com which offers a cloned experience to MEXC and today I have actually used it. The first thing you see when trying to send funds to the exchange address is a big warning label from PeakD: ![{904C7AB8-BA75-40D4-8A75-B28395818493}.png](https://files.peakd.com/file/peakd-hive/tobetada/23t76tHpGN9WTeP64sULdr9CGJsdidjqPfVfjzjK9YjYawBWs5AqZxW6Yrmg7Zc8zNiGJ.png) A "bad actor"... great, just what we need. **However, the good news is that I just confirmed that the exchange works: I deposited traded and withdrew there** - so it does seem okayish to use it, although it doesn't exactly feel safe. If you remember last year, Hive was also listed on many other CEXs back then. We literally got a new listing like every week and it seemed like the "flood gates" were opened. But now over a year later, the situation is clearly degraded. I went though my bookmarks and most of the CEXs that listed Hive either don't have it anymore, or a deposit is not possible. -WEEX (can't deposit Hive) -Bitrue, Hotcoin don't have Hive anymore Other exchanges simply don't have any volume for it to make sense to deposit to... ### Aggregators There also used to be many different aggregators that had Hive. Now, at least two aren't working anymore: -SimpleSwap.io (doesn't work) -stealthex.io (doesn't have Hive) Others remain, but it is clear that they are not always cheap nor safe... Here we can see that the top route is still through MEXC; it says it doesn't have KYC... but perhaps now they do? Changelly also seems dodgy, since KYC is possible - so the funds might as well get lost. Other routes have a worse rate, and others might be "okay" - who knows? I actually have never used it before. ![{8586BA0E-D5E6-4C66-B6A3-2C68B98ED2A6}.png](https://files.peakd.com/file/peakd-hive/tobetada/23tGW1axnrdvw6g4un8Y5JLMKo22gKzrCvbmeVcjyGW5w1XG2PfkQnYGML2VqRv1ZY7nJ.png) ### Hive-Engine Hive-Engine is actually an option I haven't considered since they charge a 0.75% fee on withdrawals... which is just too high imo. However, it does seem to be a viable option when sticking to the highest TVL pools: ![{C6488F32-7FB4-4D32-A26A-30AD8E7E12AC}.png](https://files.peakd.com/file/peakd-hive/tobetada/23sweHsaGAe4UZj2VFNPyLPseUTe3fomi5Q6UGyuiTZn7PnTiaYAF4tRy4BaNmkrAM5Hb.png) The best option seems to be the BTC pool. With $43k liquidity it's not too bad for smaller swaps. The next option is ETH, but the pool is already almost half the size. The reason why I think Hive-Engine is a viable option is that it is essentially "risk free". At least in regards to a CEX or an aggregator. But it is clear that options are very limited and the UX is not great. ### Conclusion When losing the convenience option, it becomes clear very fast that Hive is stuck in an awful place atm when it comes to DeFi connectivity. I hope that MAGI grows quickly and that this will become the main go to place for the Hive On and OFF ramp. --- *As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!* ![Bottom.jpg](https://steemitimages.com/DQmaKSaCaesHvFXaRovU2pKpJX3pzguP2mgPZPLM8Ac1LQg/Bottom.jpg) ⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅ ![lovetheclouds_community_banner.jpg](https://files.steempeak.com/file/steempeak/tobetada/8JQDzWCq-lovetheclouds_community_banner.jpg) ### **[Check out the Love The Clouds Community if you share the love for clouds!](https://peakd.com/c/hive-131609/created)** ⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅ ![Bottom.jpg](https://steemitimages.com/DQmaKSaCaesHvFXaRovU2pKpJX3pzguP2mgPZPLM8Ac1LQg/Bottom.jpg)

Spectacular ship(awful!)