I decided to start my adventure in the world of DEFI with CUB Finance.
I did the same. I wasn't going to bother because I didn't have a Binance account and didn't want to go through all the rigmarole to get one but then, after reading another post I twigged that I could swap half my DEC for the BUSD so that's what I did.
The major risk that characterizes liquidity pools is the Impermanent Loss that occurs when you withdraw tokens from a liquidity pool and their value has changed from the value at the time of deposit.
I still don't really understand this but my DEC was just sitting in my wallet doing nothing so I'm hoping that even if there is a loss I will still come out ahead.
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Yes exactly there are so many possibilities to convert so many tokens and when the new Leobridge feature will be active it will be even easier and more convenient.Hi @gillianpearce
After reading your comment I added in my post a link to a post by @edicted that explains very well and with examples what is the impermanent loss.
Thanks for stopping by and thanks for your comment
Have a nice day
!BEER
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