Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Where do the swapped tokens/coins go?
by
tranthidung
on 26/09/2023, 14:34:33 UTC
⭐ Merited by Waldschrat2 (1)
despite the holders and users or traders, BTC will be tradeable until their is a buyer or seller and the pools which are keeping the books clean and unstoppable.
Liquidity pools are for tokens and decentralized exchanges, it is not for coins and centralized exchanges.

I hope that no newbies will be confusing between Bitcoin BTC and Wrapped Bitcoin (tokens). With Wrapped Bitcoin tokens, you will need liquidity pools on decentralized exchanges for swapping like other tokens. The red flag is those tokens are not real Bitcoin, they are only tokens on different chains like ERC20, BEP20 and other altcoin blockchains.

Those Wrapped tokens can depeg and lose value like stable coins including algorithmic stablecoin like Terra UST fiasco.