ManyKeys on Nostr: I am doing some testing with it as well currently. I did some swaps between L-BTC and ...
I am doing some testing with it as well currently.
I did some swaps between L-BTC and USDT when the market was above 100k just to test how it would be once the btc price in USD drops. Will I receive more sats than what I paid when btc bought more USD. I just swapped back and pegged out into bitcoin. Worked like a miracle and the txs fees were manageable.
Though I was testing with small sums, the mechanism behind USDT and btc pricing is based on market making and arbitraging algos; however, the total liquidity amoun d to around 65 milllion USDT. Given that this project is still in naisance, I figure the liquidity will only inch up higher.
I did some swaps between L-BTC and USDT when the market was above 100k just to test how it would be once the btc price in USD drops. Will I receive more sats than what I paid when btc bought more USD. I just swapped back and pegged out into bitcoin. Worked like a miracle and the txs fees were manageable.
Though I was testing with small sums, the mechanism behind USDT and btc pricing is based on market making and arbitraging algos; however, the total liquidity amoun d to around 65 milllion USDT. Given that this project is still in naisance, I figure the liquidity will only inch up higher.