rich1.0Hanshan wroteHanshan (npub1lx…6svxa)https://yabu.me/npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxanjumphttps://yabu.methe exchange rate of a pair follows the *prices* of each individual asset,
as measured in the dominant Unit of Account.
because otherwise degens can jump into one asset
flip to the other
and sell for free fiat.
this action forces the trading pair to follow the USD prices of the assets.
All assets
and all charts,
we are going to mention here
are USD denominated.
nostr:nevent1qqsx94969d6yqlu0ngrkp7c2qcd5mmkxpk89y3wnmnf9nwyv72spn0gpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg8eshfsjxtusp0pwxw8xxzm2a8u8mjq047pkc2hmm5ec6kwykvmhvpsgqqqqqqs52wwe7