Why does it have to be worth 1 USDC or

Question

DeFiChain - International

Dennis Washington

Why does it have to be worth 1 USDC or

1 USDT?

#blockchain #cryptocurrency #defichain #english

0

23.01.2022

2 ответов

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Dennis Washington Автор вопроса

harald h
You need DUSD for the stock liquidity mining pools...

What does the Dex price have to do with people wanting to LM Is there fear, because 1 dUSD is not 1 USD? Why do we assume that they are the same thing? What would be a reason that anyone would tie up $1.5 in collateral to mint 1 dUSD if they then has to sell it at a loss of 50¢. So in theory we should stop minting dUSD because everyone has decided it needs to be a stable coin, and thus decided that those of us that are locking up collateral to back up it's value, need to assume a loss, so it can match 1 dUSD. I am not understanding why it needs to be $1. If you don't believe in the asset don't invest. If you believe it has upside potential for growth, invest. The price is arbitrary, 10% is 10%. Just my opinion but this proposal is not going to bring parity with USDC or USDT as they are stable coins, backed by in a way to peg them to $1. dUSD is not a stable coin and artificial attempts to use incentive to manipulate the price is going to eventually fail.

0

23.01.2022

harald h · Accepted Answer

harald h

You need DUSD for the stock liquidity mining pools on the DEX. If you don't want to take a loan for DUSD (you always get 1 DUSD for 1 USD if you mint it) you have to buy DUSD on the DEX. But if the premium is too high on the DEX less people would want to enter liquidity mining pools.

0

23.01.2022

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Why does it have to be worth 1 USDC or

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