Confusing as hell? Yes.
But the reality is most should not be using the conversion mechanism. Many think that is how to arbitrage. People need to use the internal exchange for their swaps and leave the conversions to the bigger fish. Of course, having better documentation could really help out.
For those who understand (and are willing to take the risk), have at the conversion feature. For everyone else, sell or buy on the internal market. It is the best approach.
Of course, for those who like to get a bit fancy, can also arbitrage using pHBD.
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It's a super advanced feature for arbitragers, true.
Yeah and the time delay makes it impossible to see if a move is profitable or not. Isnt arbitrage designed to take advantage of pricing inefficiencies and move if profitable? How can you do it when the prices can change by 20% in 3.5 days?
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I would love a rinse and repeat tutorial post on how small stake accounts should approach this. I just sat there and watched the pump with no clue. I would have liked to have been able to grow my stack by $10 or $20.
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