Hi I'm pretty new to crypto and wondered if anyone

Question

Hi I'm pretty new to crypto and wondered if anyone

can give me a couple of answers to my questions it would be very appreciate as I'm struggling to find somewhere with the info on the defi app.

*First one is the interest on pool pairs.... is all my interest paid into my "token wallet" or does some compound straight back into the pool pair? I've not looked into pools much yet and don't fully understand if anyone's got a link to explain the basics of how it works that might answer most the rest, I've watched a few videos but they dnt quiet explain what I'm missing they all miss the basics 🤣👍

#blockchain #cryptocurrency #defichain #english

0

09.01.2022

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Dan Автор вопроса

Cheers so if I'm in dusd-dfi am I write in thinking the amount of dusd will always stay the same on the LP but dfi reduces with inflation and increases of the price of dfi goes down ?

0

09.01.2022

harald h · Accepted Answer

harald h

Dan
Cheers so if I'm in dusd-dfi am I write in thinki...

inside the pool pair your amount of DFI or DUSD will shift: if value of DFI goes up than you will have less DFI but more DUSD. But you will always have the same amount of the liquidity mining token DUSD-DFI. The rewards and transaction fees you receive will go to the token wallet (~99% in DFI and some small amount in DUSD)

0

09.01.2022

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Hi I'm pretty new to crypto and wondered if anyone

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