If I try to buy MINE using app.pylon.money there is zero price slippage showing no matter how much UST I put in. However if I do the same thing on Terraswap you see more slippage for larger amounts, exactly as you would expect to with an AMM. Why is this ?
I asked this question in good faith here and received no response. I’ve now turned my concerns over to the Reddit community.
From what I can see is when you try to swap, it shows what minimum received, it probably means there is slippage. Might be very little because of deep pool.