@stewbits22 4 June 2021 more from that month

Result of experimental trade with Automatic Market Maker (AMM) on Coinflex. Summary: I made a small profit, no idea what was going on inside the AMM, I recieved a mixture of BCH and USD and 5 flex coin ($1 value) on close of position but started only with BCH, I needed to convert the USD back into BCH with less than 1% gain of overall postion. You can choose a neutral, buy or sell strategy. As I only started with BCH and no dollars, my only option was to sell BCH at $710 Compared to simply hedging at $710 and redeeming at $660 ( which is what I did with the USD balance) I would have made 7% compared to the roughly 1% with this trade I think there is confusion over the service being provided. I thought a liquidity provider was just that, providing funds for others to trade and you receive a fee but instead you are actually selling your BCH and taking an exchange rate risk which is not what I wanted. Over all completely confused by what is going on and wouldnt use again.