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Why is the fiat value for newly created pools different once trading starts?
Why is the fiat value for newly created pools different once trading starts?

Learn about Bitcoin.com's Verse DEX

Graham avatar
Written by Graham
Updated over a week ago

Summary

On Verse DEX, a new pool's dollar value is initially determined using Bitcoin.com Markets, but after the first swap, it switches to using Verse DEX, which may cause the displayed dollar value to change.

Initial and Subsequent Dollar Value Calculation for New Pools on Verse DEX

When a new pool is created on the Verse DEX, the pool’s dollar value is initially calculated using conversion rates from Bitcoin.com Markets' API which gathers data from a range of cryptocurrency exchanges. After the first swap has taken place via the new pool, the pool’s dollar value switches to being calculated using conversion rates from Verse DEX. For this reason, the dollar value displayed before the first swap may be different than the dollar value displayed after the first swap.

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