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RE: pLEO to LEO Arbitrage Trading
Explain to me a little bit and excuse me, I go from LEO to pLEO, then from pLEO again to LEO and so on and so forth?
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0E-8 BEE
You are viewing a single comment's thread:
Explain to me a little bit and excuse me, I go from LEO to pLEO, then from pLEO again to LEO and so on and so forth?
Posted Using LeoFinance Beta
It will only work if the price is higher on one chain. For example, when I did this, the price of pLEO was 21cents. The price of LEO on Hive was over 30 cents. So what I did was buy pLEO for 21 cents and bridge it to LEO to sell on Hive for 31 cents. It can work in either direction as long as there's a price difference. There's also bLEO that can have arbitrage opportunity.
Okay, now 2 questions where do you buy the pLEO? and where can you see the price of the coins pleo, bleo? in cmc and coingeko you only see the price of the wleo.
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