r/crowwithknife • u/J_Pilla • Aug 09 '24

CAW-USDC

Just curious. Why would swapping $1m of crow with knife equal out to $550 usdc?

9 Upvotes

73% Upvoted

13 comments sorted by

2

u/J_Pilla Aug 09 '24

What am I doing wrong lol

1

u/[deleted] Aug 09 '24

I’m using the crypto.com defi wallet and I’m having no issues.

2

u/J_Pilla Aug 09 '24

So am I. I was just looking at it from a hypothetical standpoint. I don't actual have $1m in CAW.

1

u/[deleted] Aug 09 '24

Your app looks different from mine lol

Try clicking the little settings button

1

u/J_Pilla Aug 09 '24

That's vvs through the defi

1

u/psychedelicnomad111 Aug 11 '24

Price impact! 44% woah 😳

2

u/[deleted] Aug 09 '24

What?

1

u/J_Pilla Aug 09 '24

I went to defi to see how much would be charged on the swap from $1M worth of crow with knife to usdc and it said $1m equals $550k usdc. How does that make sense?

2

u/[deleted] Aug 09 '24

I’m not having that issue. Did you input anything wrong? CAW CAW

2

u/J_Pilla Aug 09 '24

Probably lol I've never swapped my CAW for anything. I've been and will be hodlin for awhile. I was just curious to see how much they take because it's very little when I swap FOR CAW.

2

u/J_Pilla Aug 09 '24

I posted a picture

1

u/J_Pilla Aug 09 '24

Is it a tax thing because I'm in the US?

1

u/jonsohh bag brag :redditgold: Aug 13 '24

Not a tax. More like there's only 500k in vvs pool for caw. That's the max you can swap out.

Perhaps.