I contacted binance customer support because I wanted to know why my shares value suddenly decreased out of a sudden while the corresponding asset-price did not change. After some discussion I asked the following question: Me: "So you mean that my k went down 25% because the pool was not liquid? " BinanceSupport: " Yes, you're right. I can't see any other reason. " In my question k = the constant in the formula x*y=k (see What Is Impermanent Loss | Binance Support ) This means: I Just lost 25% of my share value because for some reason the NEU/USDT pool was not liquid at some point. This is a huge risk that is not stated somewhere in the terms of use (atleast i did not find it) BE AWARE, SHARE THIS AND DO NOT USE BINANCE LIQUID SWAP ANYMORE What do you think? Is this normal or did I get scammed? Your opinion? Please share your thoughts or PM for the full conversation. [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments