1:1 transaction rate with 2% fee? How does waves.exchange finance that transaction in a situation like this?
The service working through the smart contract allows exchanging amounts over 10k USDT to USDN and vice versa at any time at a rate of 1:1.
So people can swap $10 million USDN to USDT at 1:1 and then buy cheaper USDN on market and repeat? What is the total amount of USDT available for this smart contract swap you mentioned?
Hi Universal, they should deposit 10 mil of USDT first via OTC sc first to get the option USDN -> USDT change then.
ok, I think I get it
Hi, yes. Please get acquainted with the all terms here https://waves.exchange/otc/usdt_usdn/faq
Gotchu. Thanks for the info Yuri
You're always welcome!
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