dUSDT
Expectation: Mechanism to payback loan with DFI lowers the dSUD premium by closing the gap between dUSD and DEX prices Reality: Mechanism to payback loan with DFI pulled up the dUSD premium together with DFI relative to other stablecoins
Not total true u can t arbitrage stables right now because of cex wallet update. And cake you know they take their time
isn't CAKE the only way to arbitrage stables with its wrapping service? and isn't it still functioning fine?
Cake take up to 72 hours to get stuff in. You can 30 % arbitrage eth now
Does anyone have an idea about this please?
You get dfi from kucoin also in for now 3,38 and can arbitrage usdt for 3,44, for example
it's not 30% lol. it's selling for ~3.15k on outside exchanges and 3.45k on DFI DEX
It was 2.8 before haha
We had discussion on twitter with julian befor to enable payback with dfi on all dtokens that would dramatically lower the price
u still have the discussion thread? i'm interested to read what they theorised would happen and compare it to what's actually happening
No one really knows. We maybe will test it with one small dtoke and see what happens. Second i send it
I've done that often and mostly with a profit, but if the transactions take longer, the course fluctuates and you quickly slip into the loss. does anyone have an idea how to work around this?
It's going to take a few days for this to normalize. Because for any meanigful arbitraging to get done, we will have to swap to dUSDT, send it to Cake, wait send unwrapped to Kucoin and buy DFI, then wait for them to finish updating their Node so we can withdraw, then send to DEX and sell DFI for more USDT and keep the circle going until things are close again.
some are probably sending some to Cake to do this now and using other CEX like Bittrex that I think already node updated.
Обсуждают сегодня