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I started to use Mistswap.fi and other smartBCH DEXs since 3 weeks ago, and I have to say that Mistswap.fi is my favorite one and Im glad that I invested in it the most because It gave a good return in a short period of time.
Plus the team behind this DEX is great and they always do improvements to make our lives easier using their DEX.
Recently they have implemented a bridge in Beta version for now, to make it easier for us to bridge our Bitcoin cash from the main blockchain to the smartBCH sidechain and vice versa.
I made a previous article about bridging between the blockchains using hop.cash and it was a longer process, now after implementing the bridge, a lot of steps were skipped and things are much easier.
There is also a history tab in this bridge section where you can see all your previous transactions between the blockchains.
I also experienced their vote tab, where everyone holding xMISTs has the right to vote for the proposals they make.
I converted all my harvested MISTs for xMISTs by stakimg them and the value of my vote is equal to the value of my xMISTs.
I believe it's a good thing that we also can influence the improvement of this DEX which means that they are clever and caring people fulfilling their investors wills by giving them the right to choose what is best for them.
There is also the Analytics tab where you can see this DEXs tokens and pairs and how are they doing so you can choose well in what pair you want to invest.
Now I will tell you about my earnings, as I showed you how to use this DEX in my previous article, now we will see how much this small investment generated.
I invested in the farm of flexUSD/WBCH with an amount of around 40$ of course this value goes up and down depending on the market, but now after 3 weeks, I received around 95 MISTs which I staked them and they became around 90 xMISTs and these are totally the result of farming. So these are the earnings from my investment, and every week or so I harvest more MISTs and stake them to get xMISTs so my passive income is increasing with time.
Ok the value of MIST decreased with the dip of the crypto market but it wil rise again and so my earnings will have more value.
The APR of staking xMIST is even more now it's 10.75% and it was 7.03%.
What a great way to earn money.
And don't forget If you invest more, you earn more.
Thanks for reading ??
*This is not a financial advice, these are only my experiences.
*This is my original post.
*Pictures are from Mistswap.fi
*For more info about SmartBCH and some of its DEXx kindly read my previous articles:
How-i-got-my-first-smartbch-coins
Let-the-harvest-on-smartbch-begins
Exploring-new-dexs-on-smartbch
*Feel free to register in READ.CASH using my link:
https://read.cash/r/TLGirl
*In PUBLISH0X with the link:
https://www.publish0x.com/?a=APdR6OBRdG
