We've had people with lots of questions with regards to the new liquidity pool on AVAX.
02 Jul 2022, 19:29
We've had people with lots of questions with regards to the new liquidity pool on AVAX. So let's get to the important stuff first and I will follow up with explanations. The absolute easiest way to buy BSGG is to use openocean.finance - what OpenOcean does, is that it gives you the absolute best price available between 2 tokens on the market, scanning through all available DEXes. Please follow the link below, and keep in mind you don't necessarily need to use AVAX, you can pick any token you want.
https://openocean.finance/classic#/AVAX/AVAX/BSGG
Now to the explanation. When Tether first launched on Avalanche, it introduced USDT.e which is basically wrapped Tether, as you see with many tokens looking to bridge (see: wETH, wBTC etc.). What Tether is looking to do now, is migrate their native USDT token, which is the token we currently have for liquidity (on AVAX). A lot of the DEXes, including Sushiswap, are yet to provide proper liquidity for this. Others do, which is what makes OpenOcean the best available tool (to my knowledge) to trade BSGG. I hope this is helpful, if you have any question, please do reach out. Have an amazing weekend!