Backpack's Convert rate has significantly improved. This is proof that the Vault is working well!!🎒🎒
One week ago, converting USD⇔USDT resulted in a round-trip loss of about 0.4% (0.17% for USD→USDT + 0.24% for USDT→USD).
But now it has shrunk to about 0.1% (0% for USD→USDT 0.11% for USDT→USD)!
In just one week, there's been a 4x improvement. As the Vault's funds grow, it will improve even further!!
WAO🎒🎒 @Backpack

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This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

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· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

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