@Benzenoid Before bridges open, means no token has a price.

Question

HEX.COM

KC

@Benzenoid Before bridges open, means no token has a price.

Richard mentions "at a good rate". How then is the RATE of swapping PLSX for PLS determined?

Thank you 👍😎

#cryptocurrency #english #hex-crypto

0

29.12.2021

14 ответов

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KC Автор вопроса

Nenad [I won't dm you]
!uni

Read it. So the invariant formula determines the rate, which is the total PLS * PLSX. And swaps between PLS and PLS take place, that invariant is updated. So it's supply and demand driven. Did I get it?

0

29.12.2021

Nenad [I won't dm you]

KC
Read it. So the invariant formula determines the r...

Yes, everything just like it always is. The only difference is that all the swaps occurs at zero market value and once the bridge opens, all the AMM coupled assets instantly get a non-zero market value.

0

29.12.2021

KC Автор вопроса

Nenad [I won't dm you]
Yes, everything just like it always is. The only d...

To be clear, all PRC tokens will be able to be swapped in this interval before the bridge opens. With liquidity harvested swapped converted to PLS?

0

29.12.2021

Combot

KC
To be clear, all PRC tokens will be able to be swa...

HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.

0

29.12.2021

Nenad [I won't dm you]

KC
To be clear, all PRC tokens will be able to be swa...

Yes, anything that will be available on DEXes with a frontend, meaning Uniswap v1 and v2, and PulseX. Other DEXes will only be available with "command line" style, so to coders only.

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29.12.2021

KC Автор вопроса

And in the harvesting and swapping to Pulse by the bot, does that thereby set the invariant rate?

0

29.12.2021

Nenad [I won't dm you]

KC
And in the harvesting and swapping to Pulse by the...

The bot only undoes the distortion from the over 1Mx increase in the supply of the network utility token

0

29.12.2021

KC Автор вопроса