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RE: LeoDex: A True Decentralized Exchange

in LeoFinance2 years ago

wow there's no fee how come the output is greater than your input O.o how does that wrok.

not bad hope we can see 1 million in volume O.O

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It is essentially an arbitrage on the two pools.

dont the bot sclear those tho

Nope. Essentially, there is a built-in arbitrage mechanism between the LEO:SWAP.HIVE and LEO:CACAO pools

When a user swaps using the LeoDex interface, the HIVE swap arbitrage is automatically passed on to the user

Sometimes this is a profit, sometimes this is a loss. I’ve found that it’s a profit at least 20% of the time. Which means that instead of paying fees, you’re actually getting paid to make your swap because the pools are imbalanced

hmmmmm I'm not that technical lol i always thought there were arbitrage bots that made it so they could always take advantage of that situation? and they balance the price until same?