@ThunderBCH
Recently a new dex tangoswap.cash was released. Which is really good for smartBCH ecosystem as they can help bring more people to smartBCH South America I saw a lot of people complain about the 4x price drop. Basically what happened is they offered sky high apr at the start. Mist did the same to attract users. So people started farming the token and whales basically farmed a lot of tokens. So the price dump was expected. People in tango token pools suffered the most loss as tango price dropped. There is a lot to know about defi and Impermanent loss is a must know before going into liquidity. Farming liquidity comes with the risk of impermanent loss.
2 comments
I knew about prices will drop coz of high apr people went crazy and they fell in greed so it was obvious to loss amount but in no time price will go up and I'm still waiting for the perfect time to invest in it
I knew this was going to happen when i saw the high APR. But I'm sure with time Tango will experience a gradual growth