RE: RE: The First Hive Cross-Chain Enabling Liquidity Pools Launch on Magi Network 11.11
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RE: The First Hive Cross-Chain Enabling Liquidity Pools Launch on Magi Network 11.11

vaultec(66)
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This is exactly what we already do with Hive staking for consensus. This feature is live and implemented part of our long term plan. Part of Magi's structure is designed to generate a strong buy pressure for Hive / HBD by generating fee revenue to incentive more Hive and HBD being locked up in collateral providers (Magi witnesses) and liquidity pools respectively. You can see the screenshot below of the active Hive staked within Magi of about 120K Hive. While it is not much right now, it'll grow significantly as rewards are paid out to witnesses and liquidity providers.

image.png

What I was referring to above was specifically in regards to DAO activities such as a development fund or other forms of incentives long term. Any kind of future token will only compliment the staking of Hive/HBD and will not directly replace or remove it.

@vaultec: This is exactly | Ecency