Is minswap a good pool to bet on?
Is minswap a good pool to bet on?
Hello everyone, I recently bought 6 thousand ada, I would like to know how much it would yield in a minswap pool? I really believe in the project after studying so much and I believe it will be the new ethereum
Hasitha Jayaweera Answered question September 19, 2024
I would take some time to learn about “impermanent loss”. The trading pairs on liquidity pools can burn you if you’re not careful. And they can burn you even when you are, I know from experience. I would say stick to liquid staking via a wallet (Nami, Yoroi, Exodus, etc) if you are not familiar with what a DEX is.
Hasitha Jayaweera Answered question September 19, 2024
Minswap is a good legit project, works as advertised. As others say, learn “impermanent loss” then choose your pool(s) cleverly, or you’ll have bad surprises.
Gihan Wijethunga Answered question September 19, 2024