I'm just trying to get my head around liquidity mining in Cake DeFi.…

@technicallyproduct 5 September 2021 more from that month

I'm just trying to get my head around liquidity mining in Cake DeFi. Especially this bit: "Simple mode conveniently and automatically swaps half of your BCH input into DFI, before both are added into the BCH-DFI liquidity pool." So effectively I'd be buying DFI in order to carry out the mining? And when I come to withdraw my assets, I'd have to convert the DFI back into BCH? #CryptoTrading

+KT
+BCH

3 comments

@CryptoSorted 5 September 2021

Correct!
- @technicallyproduct 5 September 2021
  
  Thank you! I don't like putting my money into something unless I know how it works first :)
  - @CryptoSorted 5 September 2021
    
    Absolutely. That's exactly how it should be.