does someone have to buy in order for you to sell?
>>41868488Yes, that's how it works.
>>41868488The treasury is obligated to give you the amount they are worth when you redeem. You do not have to sell unless you want to sell for above market value
>>41868488Bots provide continual liquidty, especially if they are grid bots.
>>41868488You can understand the entire process by buying an illiquid shitcoin on bsc
>>41868488orderbooks yes, amm no
>>41868558care to elaborate? What are grid bots and why would they buy shit from me?
>>41868604It's basically a a bot that creates a bunch of limit orders for both buys and sells. Normally in % increments and it has lots of open orders 25-200 at a time, both buys and sells. Once it sells/buys at a certain price, it will buy/sell at that % difference. It's not super easy to explain but there is lots of info online.
>>41868693I understand what you said, but there is an institution/person behind this bot right?
>>41868715Lots of people and institutions use them. But since it's a bot, it will always make trades hoping to arbitrage, regardless of market conditions.
>>41868812thank you for answering fren.
>>41868488No, not on decentralised crypto exchanges.