I am pointing out again here how dangerous AMM can be. Look at this, there are $39.45 million locked in the BCH AMM but there is 0% APR on any AMM's in BCH. In fact I have been following this for weeks and this $39.45 million has been locked since BCH was hundreds of dollars higher. This means the vast majority have borrowed this much and are paying interest on this amount despite the BCH probably now worth only a few million. If you look at Btc the value locked is much smaller but it performs much better producing 50% of the rewards despite being only 0.3% the size of the BCH pool. Is Btc a better AMM pool? No. It just means the AMM's here are being managed better. Track it yourself.
No comments yet