I’ve been converting xyo. I’ve been surprised at the low value of exchange vs market value of the coin. Getting a quote of roughly 12 USDC for $30 worth of xyo. Is this true for all coins, or is it a liquidity issue?
Liquidity issue. There are ~49,000 XYO tokens in the pDEX. That’s just ~$128 market value. To reduce slippage, the amount of XYO & PRV in the pool would need to be much higher.
Ok, that was my guess. But I don’t have much other experience here yet. So BTC and ETH more closely track market values?
Yes, those pools have a lot more liquidity, so the slippage on most trades is minimal.
Keep in mind, the more impact the amount you want to trade has on the present trading pool, the more the price will change.
In other words. When you check 1 BTC to USDT, you get a better rate than when you check 100 BTC to USDT.
Check the trade amounts closely before confirming a trade.