Buy HBD with BUSD
Buying HBD at 0.99 BUSD/HBD
Spreads are too big in the crypto space. Ideally, I'd like to be able to trade stable coins to stable coins at 1:1. By doing this though, I do lose the opportunity of earning 1.5% per month. So I wanted to make it profitable. Right now because of withdrawal fees, Ionomy needs a large stake of HBD and BUSD by the market maker in order to make the trades make sense for the users (the market takers).
I have an open order for a buy of HBD on Ionomy. If you want to get out of the Binance defi and into HBD directly, you can use Ionomy for that. This is not the cheapest way to do things, right now however. You can use TribalDex to deposit HBD or BUSD and then use the diesel pool to go directly from one to the other. If you choose this option, you can trade from 0.001 to 100 and you'll pay between 0.33% to 1.5%. Most options require you to trade into some intermediate asset before going into the other stablecoin.
| Exchange | Cost |
|---|---|
| Block Trades | not available |
| Ionomy | 1.0%+0.7HBD ε [7.2%, 706,900%] !!! |
| Hive Engine | 3.3%+1.8%+0.75%=6.0% |
| LeoDex | 3.3%+1.8%+0.25%=5.4% |
| TribalDex | [0.08%, 1.2%]+0.75%=[0.8%, 2.0%] |
| LeoDex+TribalDex | [0.08%, 1.2%]+0.25%=[0.33%, 1.5%] |
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