RE: RE: A Look at the Hive Debt | Data On HIVE/HBD Supply, Historical Debt, HBD Performance | Apr 2024
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RE: A Look at the Hive Debt | Data On HIVE/HBD Supply, Historical Debt, HBD Performance | Apr 2024

edicted(83)
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Okay, but "buying at 97 cents" means selling Hive after it just crashed 20%.
That isn't buying low; it's selling high.
So the bot needs access to another stable-coin like USDT that has a better peg.

So the bot needs to be able to:

  • see the opportunity
  • sell USDT reserves into Hive
  • transfer the Hive on-chain
  • sell the Hive into HBD
  • be able to do the opposite when the peg is higher than $1
    • or at least trade back into USDT when the $1 peg is returned

This is a lot of steps and requires API access to the exchange holding the USDT.
Many things can go wrong.

@edicted: Okay, but | Ecency