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Can't Swap BTC for DAI Over Chaos Dex For A Fair Price?

Can't Swap BTC for DAI Over Chaos Dex For A Fair Price?

All Cryptocurrencies

by COINS NEWS 36 Views

  • Added metamask chrome extension
  • Navigated to Chaos Dex
  • Tried to buy DAI with BTC in several amounts

No Matter How much DAI I try to buy with Bitcoin it is a big premium...

  • $569.69 DAI for $866.98 in BTC (>52% Premium)
  • $78.91 DAI for $86.71 in BTC (>9% Premium)
  • $8.21 DAI for $8.67 in BTC (>5% Premium)
  • $4.11 DAI for $4.33 in BTC (>5% Premium)
  • $1.73 DAI for $1.65 in BTC (>4% Premium)

I understand this is probably a liquidity issue but nobody will throw money away to increase the liquidity, so how does this get fixed?

submitted by /u/PRFinklemeister
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