use of the AMM Liquidity function, say for LRC and USDC as per above?
If you want to provide for 1000lrc, you also need 1000lrc’s worth in usdc. So if 1000lrc costs 1000dollars, you also need 1000dollars in usdc.
How often is the interest calculated and paid out? Im not too sure on this.
Can I withdraw the tokens at any time or does it need to be "staked" for a certain period? Yes any time. But you will incur withdraw fees.
Is there any possibility of impermanent loss? As with any LP, yes.
Sorry for so many questions, would be grateful if they can be answered
Thanks for much for your patience! Okay, I think I will stay away from LP for now..
Not a problem. Glad i can help. You might wanna head over to discord for all the support. They have better answers there.
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