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Understanding Dexter, XTZ/tzBTC and other pairs!

Hello there, Pretty much new to Dexter and im just trying to understand how does my pool tokens and reedemable tokens work. So, in the pair XTZ/tzBTC if BTC increases so does you XTZ amount? Then for the pair XTZ/wXTZ whenever XTZ price goes down so it does your Redeemable tokens from the token pool? (It descreases)
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