Hi.
Yesterday i put my GMT coins into Binance 'liquid swap' for BUSD/GMT.
I (stupidly) saw 100+% APY and put my all my GMT into it, without doing much research, thinking it was some sort of savings product. The price of GMT has risen 40% since I put it into the liquid swap, but the total value of my portion as been reduced.
Question (a) Will I continue to loose money if the price of GMT goes up?
(b) How and when will i be paid the 100% APY? Is that APY only if the price stays pretty much the same?
Please any information here would be greatly appreciated.
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